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An active spring brought nineteen sales on the mountain. May sales had a huge variety. Noteworthy were three sales with acreage. One was a fixer upper on 11 acres selling at $420,000. Another was a 3,000 square foot log home on 20 acres at $665,000. Twenty acres on the mountain anywhere is a very rare commodity.
The numbers have been released for May 2018 sales and stats for Mt. Hood. Most impressive is the 33 new listings to hit the market. Inventory is quickly showing up for the summer of sales this year. The majority of properties on the market under $300,000 are Mt. Hood National Forest leased land cabins, condos and "in Park" mobile homes AKA rebranded as "tiny homes" located in Mt. Hood RV Village.
Many buyers are attracted to tiny homes in Mt. Hood Village due to their pricing point. There is a space rental fee of between $475 to $650 per month. There are amenities included with that space fee, of course, including an indoor pool, weight room, work out equipment, security and gated entry.
Full time residence, second home owners and investment property buyers are strictly looking for deeded homes. The average sale price of $339,300 for May shows this market is not an easy one to get into.
June listings are flowing in so it will be interesting to see if we maintain the pace of May as we head into summer.
Displaying blog entries 1-2 of 2
