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Hood River Quick Market Stats/Data

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 of
the 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.

 

Median Sales Prices Compared through
Fourth Quarter 2011


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

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