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Mt. Hood Real Estate Sales for December 2016

Saturday, January 28, 2017
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

 

 

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December 2016 Real Estate Sales

Saturday, January 14, 2017
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

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Mt. Hood Real Esate Sales for November 2016

Thursday, December 22, 2016
by Liz Warren

There were 22 sales of homes for November 2016 in the Mt. Hood area. From Government Camp down to Brightwood Oregon sales continue to soar. Record breaking numbers for Mt. Hood sales this year just continues to grow to levels not seen since 2005 and 2006. We don't foresee a slow down for 2017 with continued high demand and minimal supply the area should continue to produce escalating levels of demand. This should cause prices to rise and hopefully we will have a supply to satisfy buyer demand. 

Every pricing point is in a seller's market vs. a buyer's market. Most pricing points have a two month supply which may predict even higher prices coming for 2017!

 

Mt. Hood real estate sales for November 2016



Mt. Hood Real Esatte Sales for November 2016 for zip code 97028


Mt. Hood Real Estate Sales for November 2016 for zip code 97067

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Mt. Hood November Real Estate Sales

Sunday, December 18, 2016
by Liz Warren

Multiple listing service just came out with sales info for November on the mountain. A shrinking inventory with only 55 total listings on the market shows prices will rise in 2017 unless new inventory comes on the market. 

 The average sales price is inching up. There’s only eight properties currently on the market under $200,000 and half of those are on leased land. Since leased land cabins are cash only that doesn’t leave much inventory for buyers who need to obtain a mortgage for purchase. 

 Twenty one home and cabin sales closed in the Mt. Hood area. Seven of those were Mt Hood National Forest cabins. All were under $200,000 and driving the sub $200,000 market. The balance of sales were scattered through Timberline Rim, some near the Resort at the Mountain and the rest scattered through other mountain neighborhoods. 

 Three lot parcels closed this month. The interest in land and acreage has increased substantially this year as inventory is depleted and many people are realizing the scarcity of Mt. Hood properties will continue with the pressures of the Portland Metro population putting higher demand on vacation homes that are easy to get to. Our Mt. Hood area is very well developed and future growth is restricted by the bordering National Forest and large timber parcels.

It’s the best time to buy while prices are still affordable! 

 

Mt. Hood Real Estate Sales November 2016

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October Mountain Sales Hit 18 for 2016

Tuesday, November 22, 2016
by Liz Warren

The numbers are still up for October 2016 sales on Mt. Hood. Despite huge obstacles in appraisal delays, which are causing many closings to take 60-90 days, more than likely these sales started in August and were just now coming to completion! 

Sales were scattered throughout all property types and areas. A couple of leased land cabins closed, two Mt. Hood RV Village units closed (Mobile homes with rental spaces), a couple of Timberline Rim and Twinberry Loop homes, plus three Government Camp properties including two chalets over $500,000 and one Collins Lake Condo unit. Buyers are still taking a great advantage of low interest rates that are starting to creep upwards. 

Mt. Hood Real Estate Sales for October 2016

Mt. Hood Reall Estate Sales for October 2016

Mt. Hood Real estate sales for October 2016

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Mt. Hood Real Estate Sales for October

Monday, November 14, 2016
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

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September Closed Sales on Mt. Hood Were Huge!

Saturday, October 22, 2016
by Liz Warren

September 2016 saw a huge number of closed sales for Rhododendron, Welches, Brightwood and Government Camp. Area 153 in the multiple listing service reported 27 residential sales closed for the month.

Rising equities in Portland, new residents and increased density in Portland has caused an uptick in buyers for the Mt. Hood area. This includes full time and second home buyers heading for the Cascade Foothills. Our properties are much more affordable than inside the urban growth boundary making mountain living very attractive to many!

Timberline Rim, which is Mt. Hood's largest subdivision running along the Sandy River, saw seven sales close for the month. The "Rim" as locals call it, is one of the most affordable areas to purchase on the mountain. Most homes were built within the last twenty five or so years so they are relatively new compared to many of our 1930's and 40's cabin which frequently have financing challenges. 

Speaking of affordable, two tiny homes at the Mt. Hood RV Village Resort changed hands. These properties have recreational amenities with indoor pool and weight room plus gated access for security. Downsizers love these properties and the space rent runs in the area of $550 a month.

forest service cabin inventory is way down with multiple offers on many cabins as soon as they hit the market. Only about five cabins are currently for sale. Three closed in September. These are great getaways for urban dwellers who need space to relax and get away from the crowds of big cities and small spaces. 

Here are the twenty seven sales that closed in September.


Mt. Hood Real Estate sales for September 2016


Welches Real Estate sales for 2016 September


Mt. Hood Real Estate Sales 2016 September


Mt. Hood Real Estate Sales 2016 September

Mt. Hood Real Estate Sales 2016 September

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Mt. Hood Real Estate Sales for August 2016

Thursday, September 15, 2016
by Liz Warren

August sales topped 20 this past month and the average sales price is inching up as lower priced properties disappear. The marketing time is down to an average of 59 days for the month. 

There's only 45 homes, condos and cabins for sale in Welches, Rhododendron and Brightwood right now. Government Camp inventory is higher with 33 properties for sale. Good weather has brought buyers out in force so a good fall in sales should continue with low interest rates. 

Closing times are delayed by exceptionally long appraisal delays. It sometimes takes 6-8 weeks to get an appraisal in the area. Lengthy closing dates are the norm creating chaos for buyers and sellers trying to make plans. The appraisal crisis isn't going away so it's something to keep in mind with any real estate transaction in the works with a mortgage of any kind. 

Mt. Hood Real Estate Sales for August 2016

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July Mt. Hood Real Estate Sales Increase at Top Priced Properties

Thursday, August 25, 2016
by Liz Warren

Good news for higher priced homes in the Mt. Hood area for July. Three homes sold for over $500,000 and two in the $400,000 range. Dwindling inventory and affordable mid price range homes are few and far between in this market with multiple offers coming in on many properties.

As home equities rise in Portland we are seeing many new buyers purchasing that second home. We are also seeing many new full time residents moving to the mountain to escape the urban density of Portland. Here are the July sales for Mt. Hood. 

July 2016 real estate sales on Mt. Hood

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July 2016 Sales Numbers for Mt. Hood From RMLS

Saturday, August 20, 2016
by Liz Warren

July sales numbers are in to multiple listing and here is how the month stacked up against 2015 and year to date. Pending sales are up 28% over July 2015! With this past month's sales closing we see a total of 101 year to date. Shorter days on market with a 42 day average is a big improvement. Buyer demand has been high. Many buyers are searching for waterfront which is in major shortage for 2016. Sellers with waterfront are getting top dollar for their properties. The majority of waterfront buyers have moved from deeded properties to leased land where this is a small supply of cabins. 

Closing times for lender purchases are taking lots of extra time to complete. Sometimes up to 60 days due to the Northwest appraiser shortage. Buyers and sellers are frustrated with the time frames. More rural properties outside of the urban growth boundary are suffering the most with 6 to 8 week appraisal time lines. It's at a crisis point for the real estate industry. Patience is the word of the year in getting properties to close on time with current appraisal challenges. 

        Mt. Hood real estate sales for July 2016 from RMLS

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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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