Hood River Real Estate and Columbia Gorge Real Estate

Just read the summary, and once again, (with the exception of Dallas, Texas) The Northwest posts the ONLY positive year over year gain. That said…..Growth in prices is pretty much flat to slightly negative, so now we return to valuation based upon cashflow, or use. (as a primary residence, for example)and guess what?

There’s a gap there. So either, people are moving to Hood River and value that utility so much they are willing to pay a premium for it, OR prices will mark to cashflow multiples. (does anyone even remember what that is anymore?)

…and the market cleaves cleanly in half. Utility and Luxury……