Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 65

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 March Sales for 2018

by Liz Warren

Low inventory has reduced our monthly sales for March. With only 44 homes and condos currently available for sale as active there is not a lot of choices for buyers in this market. Many buyers are frustrated with the current status of the process with multiple offers on nearly every high demand home that hits the market. It's frustrating, but active buyers in this market are up against the odds. We have only 2.7 months of inventory for sale which is a total seller's market. Only eleven sales closed in March. See below. 

 

March 2018 Mt. Hood Real Estate Sales


97067,97011,97028,97049 Mt. Hood Sales for March 2018

Mt. Hood Market Stats for March 2018

by Liz Warren

Mt. Hood Sales numbers for March have been released from RMLS. March sales hit a total of eleven. Average sales price of $360,800 for the month of March! This reflects the lack of inventory we have on the market. New listings are starting to emerge but not many on the lower end of the pricing scale. The break down of active single family homes falls this way:

A third of homes are under $300,000

A third of homes are $300,000-$400,000

A third of homes are over $400,000

There's ten Condo units currently for sale with the majority up in Government Camp.

Mt. Hood Real Estate Sales March 2018

December Sales on Mt. Hood

by Liz Warren

Numbers are in for December 2017 totaling 17 sales for the month!

Mt. Hood Real Estate Sales for December 2017
Mt. Hood Real Estate Sales 2017 for 97028,97067,97049,97011

Mt. Hood Real Estate Sales for Government Camp, Welches, Brightwood, and Rhododendron OregonMt Hood National Forest cabins totaled four sales and condos did well with three closed. The balance of closed sales were spread throughout the area. You can tell inventory is down when the Government Camp house on Round Mountain Loop finally sold after four years of being on the market!

Mt. Hood Real Estate Sales for May 2017

by Liz Warren

Today's Mt. Hood real estate market has small inventory and rising prices. Here is the info direct from RMLS for the month of May. Only 44 active listings for sale. Some properties are trickling in for the summer season. Only eight homes closed for the month and an escalating average sales price has climbed substantially from the $200,000 range. Entry level homes are nearly impossible to find with multiple offers as soon as they hit the market. Shortened marketing days show the high demand in this seller's market. The sub $300,000 market has been depleted showing the 17% average sales price change in the last row. Keep in mind, these stats are based on a very small market with minimal inventory.

 

      Mt. Hood Sales stats for May 2017

Mt. Hood Real Estate Sales for February 2017

by Liz Warren

February sales on the mountain hit 15 with six of those properties in Government Camp. Four of the Government Camp sales were for condos. This amazing ski season has totally revived the Condo market in Government Camp after a drought of poor snow seasons. 

 

Two Mt Hood National Forest cabins closed and the inventory of cabins is still sadly lacking at this time. Perhaps sellers are waiting for summer to roll around after this challenging winter of snow decreasing accessibility.

 

Take away the condo market and we only have 32 single family homes for sale today. Just over a third of those homes are in the Government Camp area which brings about 19 homes available in the higher populated Welches, Rhododendron and Brightwood area. 

 

The pervasive housing crunch in Portland and our area has created a problem for renters and buyers seeking their first home as prices continue to edge upward due to limited supply. 

 

When 22% of your available homes for sale are under $300,000 you know your choices are limited and affordable housing is quickly out the door. 

 

Mt. Hood inventory is under a three month supply creating a sellers market from top to bottom. 

 

Here are February sales:

 

Mt. Hood Real Estate Sales for February 2017Real Estate Sales for Mt. Hood February 2017Government Camp, Welches, Rhododendron, Brightwood sales

January 2017 Mt. Hood Real Estate Sales

by Liz Warren

January stats show nineteen sales closed for the mountain. The Government Camp market dominated with three Condo sales including Barlow Pass West, Edelweiss and one Collins Lake unit and three single residential units closing from $395,000 to $550,000. No doubt this winter's stellar snow amounts helped drive that market which had been slower in prior years due to poor ski conditions. 

The second largest area of sales were in Timberline Rim. Four homes closed in January. We still have many buyers looking for Timberline Rim homes due to their affordability and amenities. Homes in Timberline Rim range from around $180,000 to $400,000 and is the largest subdivision in the area. Originally offered in the late 1960's it's been a big favorite for vacation home owners and full time residents. Paved roads with sewer and water plus swimming pool in the summer and tennis court make a great neighborhood setting. 

Minimal inventory could slow sales down this year but hopefully as we near spring things will pick up and satisfy the demand. 

Mt. Hood Real Esatte sales 2017 for 97067,07028,97049,97011

January Real Estate Sales for 2017 for areas 97049,97011,97067,97028

97067,97049,97028,97011 sales in January 2017


Mt. Hood Real Estate Sales for December 2016

by Liz Warren

December sales on Mt. Hood totaled 18. When comparing December 2015 pending statistics, to December 2016, the pending sales for Dec/2016 were down 23% compared to Dec/2015 I know in our area much of that difference could be weather related with less mobility from snow on the mountain but in Portland metro too. The same will likely be true of January this year. 

 Lets take a look at 2016 though and see what a great year it was for mountain sales! The days on market shortened to 54. Year to date pending sales were up nearly 11% from 2015. This year we saw 212 residential sales close plus 34 parcels and lots. Land sales have picked up the most we've seen in years! The average selling price hit $257,300 for 2016. 

RMLS report for December

 

 

December 2016 Real Estate Sales

by Liz Warren

End of year Mt. Hood sales totaled eighteen to wrap up the year with a nearly eleven percent increase over 2015. The biggest challenge in 2016, in getting any home closed, were the appraisals. The appraisal shortage has increased closing times for nearly all loans going through financing. What once was a traditionally 30 day closing for a home sale is now frequently a three month process. Stress and frustration levels are at an all time high for buyers and sellers. Escalating costs for appraisals have increased costs for buyers hitting the $900-$2000 just for an appraisal. 

 

December 2016 Sales

Mt. Hood Real Estate Sales November 2016

Mt. Hood Real Estate Sales December 2016

Mt. Hood Real Estate Sales December 2016

Mt. Hood Real Estate Sales for October

by Liz Warren

As we head into fall, the past month of October was still packed full of pending sales and 20 completed sales, probably finishing up summer contracts that have been going through the mortgage process. I'm warning buyers and sellers that some transactions are taking 2 to 3 months to close due to extensive appraisal waiting times. 

October saw higher sale prices making the average sale price $326,700 for the month. Closed sales for the year so far has hit 171! With only 60 active listings the inventory is thinning quickly with continued high demand and low supply. Interest rates are inching up after the election results so any first time home buyers should make their move now!

 

Mt. Hood Real Estate Sales and Listings for October 2016

Displaying blog entries 1-10 of 65

Syndication

Categories

Archives