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Mt. Hood Closed Sales for April 2010

by Liz Warren

What market segments closed in April 2010? Sales for the Mt. Hood area were up in numbers-that's the good news. The negative news is that five of the ten sales were foreclosures. On the other hand, that is good news in that the inventory is getting reduced. Take a look at the ten sales below. The two higher end sales-over $300,000 were foreclosures. There are currently twelve foreclosures on the market in the Mt. Hood area.

Mt. Hood Home Sales for April 2010

Mt. Hood Area Real Estate Sales

by Liz Warren

The numbers for April 2010 have just been released from the multiple listing service. The number of sales is way up from April of 2009 when the stock market crash and losses were still fresh in everyone's mind. A whopping ten sales happened last month.

Mt. Hood Real Estate Sales for April 2010

The numbers tell us pending sales are up compared to last April by 114% and pending sales year to date up 72%. This is good news because it shows action in the market! The average sale price is declining with foreclosures clouding the inventory.

Mt. Hood Inventory Increases

by Liz Warren

The local inventory for Welches, Government Camp, Brightwood and Rhododendron has shot up in the last month for single detached properties. There's been an addition of 29 properties to hit the market which makes up approximately 25% of the entire single detached home inventory! There are some great choices for buyers out there who wish to take advantage of once in a lifetime interest rates and a diverse inventory of homes!

Morning Coffee

by Liz Warren
Monday Morning Coffee

INSPIRATION FOR TODAY:

"The difference between perseverance and obstinacy is that one often comes from a strong will,
and the other from a strong won't."
~ Unknown


IS IT ABOUT POLITICS OR . . . RELATIONSHIPS?

Have you ever lost out to another for an appointment to an important committee . . . or leadership post . . . or career promotion? If so, you may have commented (at least to yourself) that it was "politics" that deprived you of the opportunity.

So was it really politics, or were there relationships involved? Consider the difference. The term "politics" is often used to cast doubt on the values or principles employed to influence an outcome. Just using the word "politics" tends to excuse us for failing to win the approval we seek.

Now consider the power of relationships. If you were caught in a blinding snowstorm with two individuals - one a personal friend with extensive outdoor survival training, and the other a total stranger - which would you choose to lead you to safety? When the youth soccer league asks you to coach next season, whom would you choose for your assistant? Would it be a fellow professional associate, with whom you have worked successfully on various projects over the past ten years - or a total stranger?

What those on the outside (looking in) call "politics" is really no more than the power of existing relationships at work. We tend to feel more comfortable with those we know and trust. Trust and familiarity are built over an extended period, and once in place become bonds difficult to break.

To continue growing in your career, as well as your personal life, consider forming new relationships with those you feel are excellent role models. About our teenagers, we tend to say "You can tell how they're doing by the friends they keep." The same rule applies to us. Make time in your life to build enduring relationships. Your world will expand, your disappointments become few, and your friends become many.

The Mt Hood Forest Homeowners Association Meeting

by Liz Warren

The Mt Hood Forest Homeowners Association Annual meeting will be held on June 26th in the parking lot of the Zigzag Ranger Station. Pete Bailey will be a guest at the meeting to give an update on the efforts of C2. 

Morning Coffee

by Liz Warren
Monday Morning Coffee

INSPIRATION FOR TODAY:

A Native American elder once described his own inner struggles in this manner: "Inside of me there are two dogs. One of the dogs is mean and evil. The other dog is good. The mean dog fights the good dog all the time." When asked which dog wins, he reflected for a moment and replied, "The one I feed the most."


HAS THE DOG BEEN FED?

When was the last time you had a vivid, golly-gee-wow, gotta-do-it-now type of dream - a dream that made you come alive at the very thought of it? Did you put a plan in motion to achieve that dream?

OK - forget about the dream for a moment. What about the rest of your life? Do you know where you're going and which principles you've adopted to get you there?

Sometimes dreams and plans fail to mature into reality by neglect. The good dog isn't fed properly, becomes weak and tentative, and eventually loses out to the mean dog - the one that is all too happy to fill our life with meaningless trivia.

The good dog we're discussing here is your personal constitution, that quiet inner voice that directs your life in the right direction. It's the part of you that thrives on hope, knowledge, service to others, perseverance, honesty, commitment and many other worthy principles. It's the "you" that knows you can make the world a better place for all, and sets out to accomplish the task.

The mean dog thrives on fear, deceit, worry, irresponsibility, and ignorance. This ugly dog can flourish and take over by simply filling the void left when the good dog is too weak to eat. Surely you've seen this dog face-to-face. He sometimes appears as a "friend" who douses your latest brainstorm with cold water, or encourages you to shade the truth a bit to make the deal work.

So how do you feed and encourage the good dog? Inspiration and knowledge are excellent ingredients to build strong hopes and sound dreams. Inspiration is available in many forms ranging from personal relationships with those we admire and trust to biographies of others who have succeeded in spite of the odds. Incidentally, you can easily starve the mean dog by avoiding negative relationships altogether.

Increased knowledge builds skill levels and ultimately confidence and self-esteem. It is difficult to feel vulnerable and defensive when you have all the facts. Knowledge combined with inspiration strengthens principles already adopted, and may introduce you to new ones. Remember, the mean dog thrives on ignorance and fear, both of which can rob your constitution blind.

Mt. Hood and Oregon State Numbers of Foreclosures

by Liz Warren

Have you ever heard of www.responsiblelending.org? This group tracks delinquencies and foreclosures and how the mortgage crisis has impacted Oregonians. Here are their numbers. 

Oregon Delinquencies and Foreclosures

The average loss per home in the state of Oregon is $8,442 in equity. You can check other state losses at the web site. The average loss in New York is around $37,000! In Florida it is $81,000. In California it is $51,000. So at this point, Oregon has faired decently compared to many other states. That number could increase as we see the foreclosures hit the market for 2010.

Mt Hood Number of Sales Increase in April!

by Liz Warren

The number of real estate sales in April has increased drastically over last year at this time. Of course, last year everyone was reeling over the stock market crash and trying to hang on by their fingernails.

Ten sales were racked up for the month of April! Half of those sales were foreclosures. Most of the others were second homes.

Here is the story of a seller who chased the market down, went to foreclosure and the buyer got one hec of a deal in this market. The seller first listed at $567,500 in 8/08. At the time the seller went into foreclosure the price was $474,900. The bank listed the house at $459,500 on 11/2009. The house closed in April 2010, while listed at $435,000 for $350,000! That is nearly 40% of the original list price!

Relton Lane Waterfront Home Brightwood, Oregon

Timberline Rim Foreclosures

by Liz Warren

Timberline Rim has seen more than their share of foreclosures popping up last year and this year. April sales 2010 for Mt. Hood saw three of these foreclosures in the Rim close.

 

Timberline Rim Foreclsoures

First American Core Logic, who tracts the impact of foreclosures and short sales on neighboring homes, shows their tracking over the past four years below. You can see the distressed sales and foreclosures are selling around 35% less than nondistressed sales.

Mt Hood distressed sales discounts

Displaying blog entries 11-19 of 19

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