Quick Market Stats

2009 Year End Report and March 2010 Update

The Hood River real estate market is very small compared to metro areas. For example, for all of Hood River County (Hood River, Westside, Eastside, Odell, Dee, Parkdale and Cascade Locks) there were 178 closed home sales for the 12 month period in 2009. The closed sales activity in Hood River and Westside comprise almost two thirds of the total market activity and provide a snapshot of our market.

With the caveat that the number of sales is small for statistical analysis, the average sales price was $332,853 and the median sales price was $305,000 for all of 2009. That represents a 7% decline in the average price and an 8% decline in the median price
as compared to 2008*. Additionally, there were 25% fewer closed sales.

As we move through the First Quarter of 2010, we have seen an increase in pendings and in closed sales. Using the same areas described above, there have been 25 closed sales as of MArch 8, 2010. For these sales, the average price is $331,787 and the median price is $310,000.

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

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