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Mt. Hood Real Estate Blog

Liz Warren

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April 2018 Mt. Hood Sales

by Liz Warren

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

Custom Built Home with Huge Shop on Over an Acre

by Liz Warren

Great location for home in private off the road location in Rhododendron Oregon with two bedrooms, plus loft bedroom, two baths near the Sandy River. Enjoy your private gated driveway and enjoy your Mt. Hood getaway. Great for full time or vacation home. Great room with open floor plan and vaulted ceilings! Cozy wood stove for winter warming. 

Wonderful man cave with 44 X 26 shop with cement floors and 220! Located on over an acre and a short walk to the Sandy River. Garden and yard area too. 

Close to all Mt. Hood activities and only 20 minutes to premium slopes. Enjoy Sandy Ridge Biking Trails just down the road and hiking in the Mt. Hood National Forest!


66100 E CHIPPAWA LN Rhododendron Oregon 97049


66100 E CHIPPAWA LN Rhododendron, Or.

 

More info on 66100 E CHIPPAWA Lane, Rhododendron Oregon

National Home Sales for March

by Liz Warren

National Home Sale

Mt. Hood Rents Skyrocket

by Liz Warren

The rental situation in the Mt. Hood area is bleak. Demand far outstrips supply. The problem is, there is no supply. May sellers who made it through the recession and bubble bust have now decided to sell reducing rental inventory even further. 

We see renters in our office nearly every day looking for a place to land. I don't recall even seeing a for rent sign in two years. The massive migration over the past five years to Portland has increased our population substantially.  Just drive through Portland and see the multi-level units popping up on every other block. Where will all these people park?

Higher rents in PDX has pushed many more folks to the mountain which is a little more affordable for purchasing but try to find a rental.....good luck! We wonder how this will maintain this pace. If a buyer can buy in the long run, it's almost the only way to go!

Rentals on Mt. Hood, VERY hard to find

Future Housing Affordability

by Liz Warren

Future real estate prices on Mt. Hood

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 Seller's Market!!!!

by Liz Warren

The lowest inventory in years has produced one of the greatest seller's market we've seen in decades! When looking at every pricing point in our area, there is only a 2.7 month of inventory for sale. There couldn't be a better time to have your home for sale than today. 

Seller's Market for Real Estate on Mt. Hood

Bear Creek Chalet on Half Acre

by Liz Warren

You'll love this charming cabin on a half acre on Bear Creek in Rhododendron! Your own private forest with one bedroom and loft home. High vaulted ceilings in living room kitchen area. Cozy bed corner and loft over living room for sleeping. 

Tucked away on nearly a dead end road, it's fairly private with a wooded lot. Easy to get onto Hiway 26 to hit the slopes of Mt. Hood only 15 minutes away! Forget paying rent! $237,500

Bear Creek Cabin on Half Acre of Land Bear Creek Cabin in Rhododendron Oregon

Cozy One Bedroom with Loft in Rhododendron, Oregon 97049

Bear Creek Cabin in Rhododendron

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

Sandy Riverfront Custom Home in Timberline Rim

by Liz Warren

Custom built Sandy River home located in the riverfront community of Timberline Rim. Three bedrooms and two and a half baths with vaulted living room ceiling, natural light and an open floor plan. 

Lots of bells and whistles at this home from the wood windows, multiple skylights, big riverside deck, two walk in closets and an oversized utility room. The roof is only two years old! 
Low HOA fees of $264 per year. Amenities include pool, tennis court, basketball court and lodge.

 
Close to all Mt. Hood recreational activities from mountain biking to skiing and hiking. Only one hour to Portland! Perfect location for full time living or vacation home.  $410,000

Sandy Riverfront Custom Home in Timberline Rim          Timberline Rim Sandy River Lane Waterfront Home with Three bedrooms two and half baths in Rhododendron

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