Average Sale Price increases in 2018 on Mt. Hood
A lack of inventory has driven sales prices up over the past year and here are the current numbers for January. Active listings sit at 44. Pending sales comparing this January to last January are up 40%! Of course, that could have been due to the crazy January deep freeze we experienced.
As inventory decreases our median and average pricing points have gone up. Medium price currently sits at $312,000. Last year we sat at $264,800 and in 2016 it was a lowly $235,300.
Once spring hits we'll know how this will play out and if we'll have some homes to sell. Many buyers are making their land purchases for future development with such a low home supply. If we had some new homes to sell they would fly off the shelf.
We have a major need for any and all types of homes and cabins so if you're thinking about it, now is the time to get things going!
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