Last day of July 2010

It was a very beautiful and windy day. I went to the Hood River County Fair for a little while this morning to check in on some friends whose kids are 4 H rock stars!

Hood River is such a wonderful place for kids and big kids too :0)

Though it has been a fairly slow month the last week picked up and we ( the office) have

finished the month pretty well with new deals in escrow.

This is typical for July. The next two months will

tell the real story for the summer selling season.

I'm sticking to my story though, it's better than last year!

Gorge Real Estate News: State of the Market July 2010

Gorge Real Estate News: State of the Market July 2010

State of the Market July 2010

Ahhh ,summer in The Gorge. I believe this to be the best place on the planet in the summer.
Summers here are pretty short and maybe that is why we treasure them so.

So now that you know how perfect the summer is, how about the Real Estate Market?

Well, far from perfect, but better than last summer. Better, is pretty much it in a nut shell,
if you live here in town you may have noticed that there is building going on out on May Street.
The homes are priced between $225,000 to $245,000. That is the hottest price range right now.

And they are selling. Not like hotcakes, but they are selling.

Under $300,000 is moving too. About 3 to 4 a month.

Prices continue to come down, meaning that buyers are still getting the sellers to come off of their last listed price by 5% to 6%.( before the Boom/Bust the average was 2% to 3%) Sellers are often times coming down anywhere from 10% to 20% from their original listed price. We see this mostly in the higher priced properties.

All in all though, life is good in The Gorge.