Real Estate Market

There’s good news for our market. Prices are stabilizing into a more normal buyer and seller situation. Inventory currently sits at 83 properties for sale and more is coming on. This gives buyers many more choices than they’ve had in five or six years! Ever since 2020 Mt. Hood has seen a completely different dynamic morph into existence. Covid changed buyer priorities in many ways making our area filled with opportunity.

New buyers since 2020 focus on being in nature, increased outdoor recreational activities, getting away from big city congestion, remote working, flexible spaces for friends gathering and privacy! All of these resonate with today’s buyers and its creating a very diverse market for our area beyond “ski season”. Mt. Hood has the rare status that a recreational market is only one hour from a major metro area and this drives the demand for our limited properties availalbe.

April rolled in with twelve sales.  Three forest service cabins closed.  Five subdivision home sales between Timberline Rim, Twinberry Loop, and McKenzie Valley Court. Only one home sale in Government Camp at $765,000. Still holding up well are waterfront.  Two closed near $800,000.

Listed below are the twelve sales.

​

Timberline's plan  for a new gondola going all the way up to Timberline from Government Camp's Summit Ski Area were cancelled a couple of days ago. Although no specific reason was given speculation is there were multiple possible reasons. This hit the Government Camp community fairly hard making the prospects of greater commercial development of the village put on the back burner. 

Some of the pending obstacles were probably increased construction costs between materials and labor, permitting fees, environmental impacts, and of course insurance and liability costs. Gondolas tend to be in large destination areas with plenty of lodging and amenities to support the crowds. Would Government Camp have that capacity?

As costs expanded it likely became apparent that the project was too big and costly to put into play. An alternative plan might be to develop two additional connecting  lifts that would cost substantially less than gondola construction and may accomplish some of the same goals. Time will tell. 

And here is the new plan:

from "Unofficial Networks" which provides ski news, article by Ian Wood.

Price Cuts Get Bigger the Longer a House Sits Without Offers     

  ​