Mt. Hood January Sales for 2010
Curious what sold in January 2010? Here are the winners:
We've got the highs to the lows in this bunch. One beautiful custom built home in Windtree, one of the mountain subdivisions, was purchased. The higher end market, which in checking numbers from Gresham to Government Camp over $700,000, typically sell 15% to 20% below asking price.
Two of the properties were foreclosures. The home selling at $244,250 was a foreclosure at the Resort at the Mountain. It had originally been priced above $300,000 but had some dry rot issues to repair.
Pricing homes in this market is difficult and if an owner was for sale prior to the market crash, their properties took a substantial amount of readjustment to get sold.
Current pending sales for February show several foreclosures but most on the lower end of the pricing scale.