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Hood
River Real Estate
Current Market Data and Statistics
February 1, 2012
The
Hood River real estate market is very small compared to metro areas.
For all of 2011, there were 159 closed home sales in Hood River County.
Compared to 2010 for the County which had 203 sales, that represents
a decrease of approximately 21%.
The
residential sales activity in Hood River and Westside, two areas within
the county, continue to comprise over two-thirds of the total county
market
activity and provide a good snapshot of our market. There are too few
sales this early into 2012 to provide meaningful analysis.
We
can compare the results for 2011 but we should keep in mind that these
numbers are still small for statistical analysis. The average sales
price for 2011 was $318,927 versus $328,499 in 2010. This was a decline
of 3% in these areas. The median price for
2011 was
$274,000 which represents an approximate 5.5% decline over the median
price of $290,000 for 2010.*
I
have compiled a chart which I have used for
several years in my annual newsletter. I'm posting it here to give the
visitor a visual understanding of our Hood River real estate market.
Again I have used the two combined areas of Hood River, the City and
Westside.
I have used the median sales price, where half ofthe
homes sold above and below, that price. The average sales price is easily
skewed by
one extremely high or low sales price. The median sales prices have
continued to decline and are approaching earlier 2005 levels.
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Median Sales Prices Compared through
Fourth Quarter 2011

*Source
of information: RMLS (Regional Multiple Listing Service)
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