2011 Market Snapshot: A Year In Review

Last year there were 104 Home and Cabin Sales in the Mt Hood Area, including Brightwood, Rhododendron, Welches and Government Camp. One more sale than in 2010. Compared to 2010 the Sale price Change was down 8.9% (figure from Market Action, An RMLS Monthly Publication) 1st Quarter had 17% of the Total Home Sales 2nd Quarter had 19% of the Total Home Sales 3rd quarter had 33% of the Total Home Sales 4th quarter had 31% of the Total Home Sales The first two quarters were significantly down in the number of sales from 2010's first two quarters due to the Stimulus Federal Tax Credit offered in 2009/2010. The Average Sale Price in 2011 was $194,938 and the Median Sale Price was $168,000 Now some additional statistics: 36% of the transactions were distressed Sales with 28% REO or Bank Owned Properties. The Average Sale Price of these distressed Properties was $157,893 and the median Sale price was $155,000, with 71% of the distressed transactions were under $200,000. Waterfront Properties accounted for 28% of the transactions in 2011 and Forest Service Leased land cabins accounted for 13% of the total sales. There were an increased number of Golf Course Properties, including Single Family Homes, Condos and Townhomes, that sold in 2011, with the majority closing in the 3nd and 4th quarters. Mt Hood Real Estate For Sale in the Villages of Mt Hood includes Welches Oregon Real Estate, Brightwood Oregon Real Estate, Government Camp Oregon Real Estate and Rhododendron Oregon Real Estate plus Mt Hood Lots and Land It is an excellent time to buy with interest rates the lowest they have been in close to FIFTY (50) Years! When looking forMt Hood Real Estate come to MtHoodRealEstate.net for the latest information.