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Mt. Hood Real Estate Blog

Liz Warren

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Escape City Blues! Rhododendron Home New To Market

by Liz Warren

/70417-E-TERRACE-DR-Rhododendron-Oregon Mt. Hood      Mt Hood Home with wood floors and vaulted ceilings

Charming home on over a quarter of an acre with three bedrooms and two baths. One bedroom is a loft. Vaulted living room with wood floors and cozy wood stove. Open dining room and kitchen area. New refrigerator! Two car attached garage. Covered back deck area. Minimal yard work. Community water. Septic. Close in and great for vacation home or full time living. Only 20 minutes to slopes! close to Mt. Hood Forest. One hour to Portland!

          More Info on 70417 E. Terrace Drive, Rhododendron, Or. 97049 

Home Improvement ROI on your Mt. Hood Home

by Liz Warren

Mt. Hood Steiner Log Cabin Tour August 11, 2018

by Liz Warren

It's that time of the year to hit the Steiner Log Cabin Tour. Only 300 tickets are sold for this yearly event. 

Here are details from the Mt. Hood Museum in Government Camp, which is the sponsor of the event. 

Enjoy this article from Oregon Live on details of the Steiner Tour and what to expect on your tour.

Mt. Hood Steiner Log Cabin Rhododendron, Oregon

Median Home Value in Your State

by Liz Warren

What’s the Median Home Value in Your State?

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.

In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors.

What’s the Median Home Value in Your State? | Simplifying The Market

Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these categories by nearly 10% over the past year, while those in the premium markets have appreciated at closer to 6%.

The median price year to date for the Mt. Hood area as of May was $317,000. This is slightly higher than the state average median of $311,000.

Bottom Line

If you are debating whether or not to buy and/or sell a home this year, let’s get together to help you figure out exactly what’s going on in our market.

 

May 2018 Mt. Hood Real Estate Sales

by Liz Warren

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. 

May 2018 Mt. Hood Real Estate SalesMt. Hood Real Estate SalesMt Hood Real Estate Sales for May 2018Mt Hood Reall Estate Sales

Mt. Hood Golf Course Lots for Sale

by Liz Warren

It's time to purchase your own Mt. Hood Golf Course lot before they area all gone! There is only so many lots available in the Mt. Hood area because we are surrounded by the Mt. Hood National Forest, BLM land and large timber tracks that limits the available land available in the area from Brightwood, Welches, Rhododendron and Government Camp

Mt. Hood Golf Course lots at the Resort at the Mountain in Welches Oregon

 

Here are today's listings currently available on the fairways

Mt. Hood Welches Oregon golf course lots for sale at the Resort at the Mountain

Six Acres Near Brightwood on Mt. Hood

by Liz Warren

Rare opportunity to potentially have two to three building sites on Mt. Hood near Brightwood, Oregon. This six acre parcel is private and secluded. Zoned RR, it can potentially be divided into more properties. County requires a two acre minimum. There are lots of trees and it's slightly sloped. 

Affordable and unique opportunity to have multiple home sites. Close to premium Mt. Hood skiing on 20 minutes away. Sandy Ridge Biking Trails near by for mountain biking enthusiasts! Mt. Hood National Forest down the street for hiking! 

$145,000

Mt. Hood Six Acres near Brightwood, Oregon 97011

Mt. Hood Real Estate Sales May 2018

by Liz Warren

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. 

Mt. Hood real estate sales for May 2018

Mt. Hood Tiny House Village

by Liz Warren

Mt. Hood Tiny House Village was just featured in an online article titled: 

15 Gorgeous Glamping Sites That are Available to Book Around the World

From Australia to Patagoni, Texas to Oregon, our own Mt. Hood Village, in Welches, was featured in the article. Here are the tiny houses available to rent.  This looks like a great marketing campaign with the rage for tiny houses throughout the world and in our own backyard!

 

Mt. Hood Market Trends May Newsletter

by Liz Warren

Real Estate Market

 

Market Trends Mt. Hood Real Estate May 2018

Local Update for April Sales

RMLS report for April 2018 Mt. Hood area

April sales numbers reflect the lack of "affordable" properties available on the mountain. An influx of buyers moving to the area from Portland to escape the high metro prices, congestion, and higher quality of life the Mt. Hood area offers, are causing prices to escalate. Average sales price for the month of April was $314,900. Pending sales for the month are up substantially compared to last April.

New listings are slowly coming in and we expect a very active summer market. Highly sought after homes sell quickly and we expect this trend to continue through the foreseeable future even though interest rates are inching up. 

 

April 2018 Mt. Hood Real Estate Sales and Statistics for 97028,97049,97011, 97049

Condo is the word of the day when you look at April sales on Mt. Hood. With half the sales for the month (seven sales) the majority were five at Collins Lake in Government Camp. It's definitely the most popular condo complex on Mt. Hood. If Collins Lake is your complex of choice sign up to received listing alerts for any new units at this Collins Lake Condo UnitsCheck out other Government Camp Condos. 

April 2018 Sales for Mt. Hood Real Estate

April 2018 Real Estate Sales for Mt. Hood

April Mt. Hood Sales for 2018

National News for May

Note: Data below from March, 2018 is the most recent from the National Association of Realtors.

According to the National Association of Realtors® (NAR), sales of existing homes in March grew for a second straight month, but low inventory levels and affordability pressures held sales activity lower than a year ago.

Total existing-home sales (transactions for single-family homes, townhomes, condominiums and co-ops) rose 1.1% to 5.60 million in March from 5.54 million in February. Still, sales remain 1.2% below a year ago.

NAR's chief economist, Lawrence Yun, indicated that closings in March inched forward despite challenging market conditions in most of the nation. "Robust gains last month in the Northeast and Midwest – a reversal from the weather-impacted declines seen in February – helped overall sales activity rise to its strongest pace since last November at 5.72 million," he said. Yun added, "The unwelcoming news is that while the healthy economy is generating sustained interest in buying a home this spring, sales are lagging year ago levels because supply is woefully low and home prices keep climbing above what some would-be buyers can afford."

Nationwide, March's median existing-home price (all housing types) was $250,400, up 5.8% from March 2017 ($236,600). This price increase represents 73 consecutive months of gains.

Total U.S. housing inventory at the end of March rose 5.7% to 1.67 million existing homes available for sale, but remains 7.2% lower than a year ago (1.80 million) and has dropped year-over-year for 34 straight months. Nationally, unsold inventory sits at a 3.6-month supply at the current sales pace (vs. 3.8 months a year ago).

Freddie Mac data shows the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for a sixth consecutive month to 4.44% in March from 4.33% in February. For all of 2017, the average commitment rate was 3.99%.

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