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Mt. Hood December 2015 Real Estate Sales

Thursday, January 21, 2016
by Liz Warren

The multiple listing service has released the sales numbers for 2015 December.


       Mt. Hood real estate sales for December 2015

December produced 20 closed sales making the year totals for 2015 at 203 sales. It's not that far off from 2014 totals with 10 more sales than last year. Real estate on the mountain is stable  and working towards recovery of 2007 values. Two out of every three homes that came on the market sold in 2015. Nationally predictions are that 2016 will be as good as 2015. Despite a small increase in interest rates, many buyers are opting in for a purchase now before rates continue to creep up. 

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What sold properties closed on Mt. Hood in November 2015

Monday, December 14, 2015
by Liz Warren

Here are the fifteen sales for November 2015.


Mt. Hood real estate sales for November 2015

Mt. Hood National Forest cabin sales once again took off with four completed in November. It seems this year more cabins sold at the first half of the year, summer time slowed down and then fall picked up again. 

Five creek front and riverfront homes sold. Any waterfront properties are the top sellers in our area. Two distressed properties were closed for the month. Although rarely do we have any distressed sales on the mountain any more. One or two to creep into the market

Next month I'll have total numbers for 2015.

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Mt. Hood Real Estate Sales for November 2015

Sunday, December 13, 2015
by Liz Warren

The multiple listing statistics just came out for Mt. Hood sales for the month of November 2015. 

Mt. Hood Real Estate sales for November 2015

November stats show 15 closed sales with the number of pending sales down 20% compared to November 2014. In December we currently have 16 pending sales so with the traditional holiday slow down I expect sales numbers to be close to the same for December's closings. 

There's no doubt 2015 has been the best year we've had for sales on Mt. Hood since the crash of 2008! Interest rates will begin to inch. The reality of low interest rates over the past seven years is going to be a major wake up call for anyone who hasn't experienced historically normal rates of 7 or 8%. 

I'm optimistic about 2016. Usually when interest rates begin to rise more buyers hit the market to take advantage of lower rates so we are expecting increased activity for 2016. 

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April Closings on Mt. Hood Slide

Friday, May 15, 2015
by Liz Warren

The market conditions report in RMLS were a surprise for April with five closed sales for the month. Inventory surged in April with a whopping 31 new properties to hit the market. Although this news was a bit unnerving, there's currently 24 pending sales in line for closings so it could be a matter of the slower winter contracts in January and February that finally closed in April. I expect May and June's numbers to be substantially higher. 

Recent surges in purchases have caused longer inspection periods due to scheduling home and septic inspections. The second delay is the appraiser delays. They are backed up due to the number of buyers purchasing this spring. 

Although it's not reflected in April's closings, we will be seeing a great summer of activity this year.  I've posted the five closed sales under the RMLS chart below. 


      Mt. Hood Real Estate Sales for April 2015

April 2015 Sales

           Mt. Hood Sales for April 2015

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Real Estate Sales on Mt. Hood for March 2015 Summary

Sunday, April 19, 2015
by Liz Warren

Recent numbers came in from RMLS for March 2015 mountain area sales. 

Mt. Hood Real Estate Sales for March 2015

Area 153, as defined by RMLS, compromises the Mt. Hood market and is physically a smaller area than probably most as listed in RMLS stretching from Government Camp to the Cherryville Hill area between Brightwood and Sandy. This space stretches around 30 miles as the crow flies from one end of Highway 26 to the other. 

I'm bringing this up because despite what these numbers tell us, our market is hoping and it's not really reflected in the RMLS numbers. The thirteen closed sales is consistent with the numbers we've seen through 2014 for a very strong market.

March stats were a bit surprising considering the amount of activity our office has seen. Pending sales are down nearly 40% from last year from March 2014. Marketing time is improving as inventory that had been sitting for sale a long time is moving out. Nearly a third of the current inventory came to market in March with 26 new listings! Our amazing spring like weather has led sellers to getting started early in the marketing process. We predict a very busy spring of sales.

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Mt. Hood Sales for February 2015

Tuesday, March 17, 2015
by Liz Warren

The Mt. Hood real estate market is still strong with eleven sales in the month of February closing for the Welches, Government Camp, Rhododendron and Brightwood areas. As more inventory is coming to the market, sellers are getting their properties ready for the 2015 selling season. Nationally, this past winter saw three times the buyers out shopping for homes compared to the year before. 

Here are the local sales in February:

      Mt. Hood Real Estate Sales for February 2015 including Brightwood, Welches, Government Camp and Rhododendron Oregon

Most of the pricing points were under $200,000 with two Mt Hood National Forest cabins selling. Cabin inventory is low for this time of the year but several sellers are preparing their cabins to hit the market soon. 

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Mt. Hood Real Estate Sales for February 2015

Sunday, March 15, 2015
by Liz Warren

Mt. Hood real estate sales for February 2015 show that pending sales were down nearly 36% from 2014. Although last year was really a break out year for real estate all over the country as the recovery of 2012 took up speed, all news on the real estate front point to 2015 as being even a bigger year than 2014. With three times the buyers out in force this winter to purchase this year compared to last, I would expect the pending sales to be up from 2014 than down in our area. Most of that buyer demand must be for urban areas though and the majority of our buyers tend to be second home owners. 

Mt. Hood Real Estate Sales for February 2015

The lack of inventory is showing that some of those homes that have been for sale FOREVER are finally getting sold. February sales had an average marketing time of 236 days! This could indicate that prices have risen a bit with less inventory and some homes on the market a long time are finally at an attractive price for buyers. 

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Government Camp Condo Sales

Saturday, February 14, 2015
by Liz Warren

2014 was the year of the Condo sales in Government Camp. Condo sales hit a total of 27 last year and 23 of those were in Government Camp. The majority sold in Collins Lake, a very popular facility with pools, hot tubs, hiking trails and easy access to Highway 26 for a quick trip to the slopes. There are six Collins Lake Condos for sale today. If Government Camp isn't the landing spot for you, several units in Welches near the Resort at the Mountain might serve your needs. 

Grand Lodges was also a hit with buyers. Five units changed hands in 2014. These luxury units are just before Collins Lake on the loop with underground parking and concierge services. Nearly all units overlook Collins Lake making a very scenic setting from the decks. Owners are also able to rent their units out through the Collins Lake office next door too. 

If you are thinking about purchasing either one, Collins Lake or Grand Lodges, taking a test drive with a rental is a great option for buyers for these units and easily done through the Collins Lake rental office. 

 

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December Real Estate Sales on Mt. Hood

Friday, January 23, 2015
by Liz Warren

  Mt. Hood Real Estate Sales for December 2015

The multiple listing service, commonly called RMLS, has posted the sales for December 2014. December was roaring through with seventeen sales closed and an average sales price of $234,600! From all appearances, inventory that has been on the market is finally clearing out with 203 average days on market. 

Inventories are slim right now. All indications are that this year will be one of the best for sales in the past seven years as the economy picks up pace and unemployment is down. The winter activity has been the greatest I've ever seen. Buyers are out looking and our warm winter has provided exceptional access for showings. We're off to a great start this January.

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Mt. Hood Sales for December 2014

Wednesday, January 14, 2015
by Liz Warren

To finish out the year for Mt. Hood sales, our totals for the year hit 192 sales which was about a 20% increase over 2013. December crossed the finish line with 17 closed sales including four distressed sales, two condos and three Mt. Hood National Forest cabin sales. 

Trends are continuing into 2015 with a mild winter, great access to all properties, and low interest rates! 

Check out December's sales:

Mt. Hood Real Estate Sales for December 2014

Mt. Hood Real Estate sales December 2014

Mt. Hood Real Estate December 2014

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Displaying blog entries 151-160 of 360

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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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