Bend’s real estate market sees no signs of slowing… Median home sales prices at $740,000. Learn more here.

(Update: Average Bend home sale price is even higher — $879,000)

REDMOND, Ore. (KTVZ) — Gas prices aren’t the only thing zooming fast into record territory on the High Desert: Bend’s median home sales price soared $57,000 in February alone to smash the record and reach $740,000, Beacon Appraisal Group reported Tuesday.

The inventory “remains less than a half-month supply,” appraiser Donnie Montagner said, “and there was a significant increase in the number of new (building) permits,” jumping from 37 in January to a summer-like 79 new permits last month.

“In addition to market appreciation, about 64 sales were over $769K,”…