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Mt. Hood March Sales Are Huge!

Monday, April 14, 2014
by Liz Warren

March sales numbers are in and 15 properties closed this past month! The hot market for March was definitely  Government Camp with four Condo sales  plus two homes!.Two foreclosure properties were sold and there's only three foreclosures on the entire mountain. Two Mt. Hood National Forest leased land cabins closed and two Timberline Rim homes were purchased. 

Here are the fifteen sales:

Mt. Hood Area SAles for March 2014

Mt. Hood Real Estate Sales for March 2014

Mt. Hood Area Real Estate sales for March 2014

This looks like we will be seeing a very active summer of activity.

 

 

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Market Trends Newsleter

Tuesday, April 1, 2014
by Liz Warren

Catch up on the local market trends in the Mt. Hood area from Welches and Brightwood to Government Camp. See the 15 real sales in February and get details on the mountain's favorite event, the Bite, coming this month!

Market Trends Newsletter

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February Real Estate Sales Numbers are Excellent for Mt. Hood Area

Friday, March 14, 2014
by Liz Warren

The RMLS multiple listing service recent published the total sale numbers for February 2014 and they are rolling in at 15! Considering it's winter time with a mix of crazy freezing weather and recent monsoons, 15 sales is exceptional for this time of year. Pending sales are up 400% compared to February 2013. This should be a great year for mountain sales if we maintain this pace. 

         Mt. Hood Real Estate sales for February 2014

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Timberline Rim Sales Are Up

Saturday, February 22, 2014
by Liz Warren

Timberline Rim is a subdivision located along the Sandy River. It strides the river with a small portion on the South side of the Sandy River and the majority of the subdivision on the North side of the river. Since the real estate bubble burst sales had slumped in the Timberline Rim development.

The "Rim" as it's know locally, is one of the more popular areas on the mountain. Primary and second home owners enjoy the amenities of the swimming pool in the summer, paved streets, a lodge, and the convenience of community water and sewer. The Rim has some of the most affordable home owner's association dues on the mountain. For an update on what's happening in Timberline Rim, visit www.timrimcommunity.org  This site provides handy contact information for board members, HOA, water system info.

Sales have picked up over the past year with seventeen homes closing! Only three of those sales were bank owned properties and one short sale. This bodes well for 2014 real estate in this area. Currently there are three Rim homes pending and five available for purchase. Check out today's inventory of Timberline Rim homes for sale.

Here's a quick look at the seventeen sales for the Rim.

 

 Timberline Rim Sales

Timbelrine Rim Sales

Timberline Rim Sales

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What closed on Mt. Hood in January

Wednesday, February 19, 2014
by Liz Warren

Sales are in from January 2014 for the mountain area. Good news on the higher priced end with four sales in the $300,000 range. More great news is that they were all in the Welches and Rhododendron area vs. Government Camp. This bodes well for this pricing point to start off the new year. Last year around 26% of sales were over $300,000 on the mountain with the majority of the higher end sales in Government Camp. 

Mountain sales hit the entire spectrum last month from subdivisions including the Resort at the Mountain, Timberline Rim, Zig Zag Village and one Condo at Fairway Estates. Only one forest service cabin closed.

Despite sub-freezing temperatures at the beginning of February and our resent monsoon rains, this President's weekend brought a huge crew up to the mountain to take advantage of the new snow. Better late than never! This week should be an exceptional one for skiers and boarders! 

 

Mt. Hood real estate sales for January 2014

 

 

Mt. Hood Real estate sales for January 2014

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Mt. Hood January Real Estate Sales

Monday, February 17, 2014
by Liz Warren

Sales are out for January on the mountain. Considering we had tons of sun and accessibility was good, closed sales continued into January after an exceptional fourth quarter for 2013! Our pending sales are holding steady and up from last January. The total market time is still showing a high number of days reflecting that we are still working on older inventory that is moving. 

News stories abound on lack of inventory but the mountain still has plenty to choose from and we expect a robust year with new listings coming on the market as we head towards spring. Continued low rates make purchasing right now an exceptional time to buy a home. Most expert predict we will see a full percentage point increase by this time 2015. This could easily increase a payment by $200 per month!

 

         Mt. Hood Real Estate sales for January 2014 

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December Sales Take off in 2013

Tuesday, January 21, 2014
by Liz Warren

A fantastic year for real estate on Mt. Hood brought a strong finish for December with fifteen sales last month. Four forest service cabins closed and a couple with unbelievable prices under $60,000! Three manufactured homes changed hands, two condos-both in Fairway Estates at the Resort at the Mountain, and two Government Camp properties. 

Calls are coming in from sellers now gearing up for the 2014 selling season. It should prove to be another great year on the mountain with lots of bargains to be had and continued low interest rates. All predictions are that by the end of the year rates will be up an entire percent as the Feds continue to "TAPER" the pumping up of the economy. Now is the time to buy.

 

         Mt. Hood real estate Sales for December 2013

        Mt. Hood Real Estate sales

       Mt. Hood Real Estate Sales for December 2013

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Mt. Hood December Sales Soar

Friday, January 17, 2014
by Liz Warren

December sales rounded off the year with 15 closings for the month! This brought the mountain sales totals for 2013 up to 156 sales. We are happy to see these numbers after climbing out of the slow recovery on the mountain since the bubble times. 

Mt. Hood Real Estate Sales for December 2013

 

You can tell by December's numbers with pending sales up 180% from a year ago that things are improving in our area. Last December was a bit bleak compared to this year. Don't be deceived by the average sales price change of 13.7% for the mountain. Due to some higher end sales, mostly in Government Camp, this number is eschewed to make things a bit rosier than they are for Welches, Rhododendron and Brightwood. The lagging Government Camp market has seen some life in the embers and it's reflected in this chart.

January looks as promising as December. Despite the lack of snow, accessibility for showing homes is exceptionally good for this time of year and many buyers are out to make their purchase now before interest rates climb and purchasing power will be affected. Acting now before rates go up, which are predicted to be nearly a whole point by the 4th quarter would be a good move!

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Mountain Sales Statistics for the Month of November 2013

Sunday, December 22, 2013
by Liz Warren

November continued the pace of  high numbers of closed sales in the Mt. Hood area. Continued optimism about the economy and improving employment numbers has brought more buyers to the table this fall. Projected interest rate increases upon the horizon has also been a motivating factor for many buyers I've worked with. Year end numbers will be arriving after the first of the year to gain perspective on how this year has likely been the best in the past five!

 RMLS sales chart for November 2013

 

 

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November 2013 Sales for Mt. Hood Skyrocket this Fall

Saturday, December 14, 2013
by Liz Warren

November closings for 2013 continue to ROCK on the mountain with eighteen closed sales for the month! Government Camp sales really pushed numbers up with three Collins Lake Condos closing. Plus, three single family residential home sales at the higher end of the pricing point. Two of the three were in the Alpenglade subdivision hovering at the $700,000 mark and one was new construction in the subdivision on the Ski Bowl side of the hiway 26 called Tyrolean Meadows. This new construction home, built by the developer of Tyrolean Meadows closed at $630,000.

Three forest service cabins closed. Two of these cabins were under $50,000! These are unheard of prices that we haven't seen in decades. I'm not kidding. We haven't seen a cabin sell in this price since the 1980's.

Three distressed properties, foreclosures or short sales, also sold in November. To complete the total, two land sales also closed!

Here is a complete list of the sales. If you have any questions about the market or these specific sales, let me know and I would be pleased to provide additional information.

 

Mt. Hood Real Estate SAles for November 2013

mt. hood real estate sales for November 2013

Mt. Hood Real Estate Sales for November 2013

   

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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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