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Fall Sales on Mt. Hood Are Solid

Saturday, October 19, 2013
by Liz Warren

Fall real estate sales for the Mt. Hood area have been consistent with the rest of the year. Although the RMLS reports a total of 11 sales in Welches, Government Camp, Brightwood and Rhododendron, the real number is 14 for the month.

        Mt. Hood Real Estate sales for September

Take a look at the total market time for the month! 340 days average. Where did that number come from? Well, with three out of the 11 sales being short sales with over 300 and 400 days on the market, it really skews the statistics in a negative way. So don't take this as a true number for all recent September sales.

There's no doubt it, there's plenty of inventory out there with 146 properties for sale. Even more came on the market in September with 26 new listings. Sellers coming to the market based on the good news that things are picking up and the real estate market is stabilizing. October saw a major stall out with the government shut down and the anxiety of the debt ceiling left many buyers on the side lines. Now that the drama is over for the time being I expect inventory to stay strong through the fall.

 

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Eight Sales for Mt. Hood Real Estate in February 2013

Friday, March 15, 2013
by Liz Warren

 

It's good news for sales on Mt. Hood with eight sales closing in the month of February and they are all over the board from full time residential to Government Camp vacation homes and leased land cabins. Buyers are flocking to Mt. Hood to pick up that perfect getaway and future retirement home! This bodes well for a huge buying and selling season for 2013. Buyers and sellers need to get going before rates begin to creep up towards the end of the year.

Mt. Hood February 2013 sales

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February 2013 Mt. Hood Sales Numbers are In for the Mt. Hood Area

Thursday, March 14, 2013
by Liz Warren

The Mt. Hood Real Estate sales numbers are in for February 2013. Eight closed sales total for the month. There's no doubt that 2013 will be a fantastic year for buyers and sellers on Mt. Hood. Inventory is starting to increase for the spring and summer selling season. Sixty degree days don't slow things down on the mountain! And, take a look at the days on market for the eight properties that have sold: A WHOPPING 504 days to sell. Yikes, indicates inventory is moving that has been around a while.

Sales chart for Mt. Hood multiple listing sales for February 2013

 

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Mt. Hood Real Estate Sales Up 30% in 2012!

Friday, January 25, 2013
by Liz Warren

Check out the last ten years of Mt. Hood Sales. 2012 was the highest number of sales since 2007!

Mt. Hood Real Estate Sales for 2012

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Record Setting December for Mt. Hood Real Estate Sales!

Monday, January 14, 2013
by Liz Warren

 

December finished with a bang for Mt. Hood real estate sales in 2012! We finished out the fourth quarter with an astonishing 45 sales! Fourteen were credited for the last month of the year. Despite appraisal challenges and buyer and home qualifying issues the numbers speak for themselves.

Here are the fourteen winners in December!

Mt. Hood Real Estate Sales for December 2012

 

Four sales in Government Camp led the pack with three Condo units including a luxury Grand Lodges unit selling for $367,000 and the other two were Collins Lake condos. 

Only two foreclosure sales to report .  There’s only four bank owned properties currently for sale! REO’s or bank owned properties are being usurped by loan modifications and short sales.

Short sales may dominate 2013 over foreclosures with an extension of the Homeowner’s Forgiveness Act just passing this month! Short sales made up 5% of the 2012 sales market.

 

 

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Mt. Hood Area Real Estate Sales Numbers for 2012 With 4.4% Increase in Pricing!

Sunday, January 13, 2013
by Liz Warren

 

Mt. Hood area real estate statistics are in for the 2012 selling season. There are some” good news” numbers to report! The biggest is that the average sale price is up 4.4% as reported by multiple listing service. More good news: total number of sales are up 30% over 2011.

Mt. Hood Area Sales numbers for 2012

As the built up existing inventory gets sold we will eventually see more stabilization in the market and hopefully a rise in prices.

December saw a big decline of 50% pending sales compared to last year. No doubt this was because of the uncertainty of the fiscal cliff talk and the holiday shopping sprees that occupied each weekend.

Government Camp homes and condos finally broke out of its slow down for several years. Eleven condos in Government Camp closed and many single family homes went out the door with nine total.  

foreclosures are slowing nationally down to 20% of sales. Government Camp, Rhododendron, Welches and Brightwood had 28 bank owned sales and seven short sales. We’re 6% higher than the national average in distressed sales!

Continued low interest rates and plenty of inventories to purchase will make 2013 another block buster year for sales. Although qualifying and appraisals make this market challenging we are optimistic that these obstacles will be met. 

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Mt. Hood Sales Surge this Fall 2012!

Monday, December 17, 2012
by Liz Warren

Let’s take a look at the whopping 18 closed sales for the month of November on Mt. Hood listed below. The leased land cabins in the Mt. Hood National Forest came on gang busters with seven closed cabins. This is definitely a record breaking month for cabins. Typically summer months bring buyers out in droves for cabins but this year the fall brought cabin buyers out of the woods.  The other strong segment of sales were cabins that were on fee simple land, or in other words, on their own land. These ranged in the areas of $100,000 to $200,000 mostly.

Timberline Rim racked up two sales and Zig Zag Village totaled one sale. Both of these subdivisions offer amenities of swimming pools and tennis courts which many homeowners prefer especially with kids. 

The good news is that the more inventories that get sold the closer the mountain is to price stabilization.

If this isn’t the best time in history to buy on the mountain, I don’t know what is! Record low interest rates and plenty of cabins and homes to choose from makes a mountain purchase on the TO DO list for 2013!

Check out these offerings for your preferred pricing point:

Mt. Hood Homes and Cabins under $200,000

Mt. Hood Homes and Cabins between $200,000 and $250,000

Mt. Hood Homes and Cabins between $250,000-$300,000

Mt. Hood Homes and Cabins between $300,000 and $400,000

Mt. Hood Homes and Cabins between $400,000 and $500,000

 

 

 

 

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Consistent Numbers of Mountain Sales for Fall 2012!

Wednesday, November 28, 2012
by Liz Warren

It's been an active fall for sales in the Mt. Hood area. Here are the market action stats for this past October. As November is quickly coming to a close we expect current trends to continue in a postive manner. 

RMLS market action shows that pending sales are up 66% for the month of October. There are 25 pending sales currently in RMLS . Part of this high number of pending sales are short sales waiting for approval from lenders and they carry over for months. This could definitely give a false sense of a realistic view of the market.  The good news is that by the end of October we have as many sales as we had in 2011. We will likely see an increase of 20% in number of sales over last year by the end of this year.

The eleven sales show average marketing days as 315! Plenty of inventory shows we have not come close to a buyers market yet. The monthly cost to purchase today is incredibly low historically. If you are looking to purchase on the mountain today's inventory has a lot to choose from! Check out the stats below!

October 2012 chart of sales year to date

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September Mountain Sales Were Slightly Down

Monday, October 15, 2012
by Liz Warren

Mt. Hood Sales for September 2012

Here are the numbers straight from multiple listing service of sales for September 2012. Although slightly down with eleven closed sales, this had been a banner year for the highest "number of sales" in nearly 5 years! After sales increase in numbers we will eventually have some price stabilization.

It's still a buyer's market for the mountain with all residence, including condos and manufactured homes hitting a 13.4 months worth of inventory. It's the perfect time to get that second home in the Cascades!

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Mt. Hood Real Estate Sales for July 2012

Tuesday, August 21, 2012
by Liz Warren

July 2012 was keeping pace with the rest of this year with twelve closed sales for the month. Number of sales are still high and rolling through this inventory at a good clip. Once this large amount of inventory is gone pricing will finally stabilize and appreciation may some day return to the mountain! Four of the sales were distressed meaning foreclosure or short sale. Nationally distressed sales are down to about 25% of inventory. 

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Displaying blog entries 31-40 of 67

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Liz Warren
Merit Properties Group - Keller Williams Realty PDX Central
Box 131
Welches OR 97067
Direct: 503-705-3090
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