Portland Metro Area Distressed Property Numbers from RMLS
Tuesday, October 22, 2013
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Fourteen September Sales on Mt. Hood
Saturday, October 19, 2013
Today's buying opportunities can't be beat! Recreation lovers are snapping up Government Camp condos like never before. A total of five Government Camp condos sold in September with the luxury Grand Lodges hitting a record number with three sales in one month. Three of the fourteen sales were short sales. There's been a record number of short sales on the mountain this year with more to come. Our equities have not been rising at the same rate as Portland Metro area with around 12.5% over the past year. We hope the increase in Portland's home equities will eventually come to the mountain to help boost our sales too!
Fall Sales on Mt. Hood Are Solid
Saturday, October 19, 2013
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.
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.
August Sales Surge in the Mt. Hood Area
Thursday, September 19, 2013
Summer buyers came out to take advantage of our high inventory of Mt. Hood homes and cabins for sale this year. Many second homes buyers realize that now is the time to buy that Mt. Hood getaway while interest rates are incredible and choices are many! Check out the stats for August from multiple listing service below:
Pending sales during this month were up 50% from 2012 and a whopping 20 properties closed in August! That's definitely a record breaking month over the past five years. Now that the kids are back in school and skiers are thinking about snow the next surge of buyers should be flocking in. There's lots of inventory to choose from in all pricing points.
Skiers, get your Government Camp condo now before they area all gone!
Soaring Mt. Hood Sales For Summer 2013
Monday, August 26, 2013
The glorious summer and massive influx of visitors brought higher sales this July for the Mt. Hood area. Sixteen sales for Brightwood to Government Camp were posted in the multiple listing service.
Here's a break down of what sold this past month and the actual sales are listed below.
Condo sales took off, but mostly in Government Camp with four units selling, one Shadow Hawk unit closed in Welches.
Two Timberline Rim homes closed!
Two Mt Hood National Forest cabins were sold. Current inventory is large for cabins right now.
Two golf course homes were purchased with one at the Resort at the Mountain and the other on Fairway Avenue with an acre of land and killer view.
Five waterfront properties closed this month.
July Mountain Sales Take Off
Tuesday, August 20, 2013
No misprint below. Yes, there were sixteen sales that closed in July! It's been a busy summer. There's lots of inventory to choose from. Our incredible summer weather has visitors and tourists flocking to the mountain. Take advantage of still low interest rates and buy your mountain getaway today.
Summer Inventory Increases on Mt. Hood
Tuesday, July 16, 2013
Inventory soared with 33 new properties for the Mt. Hood market this June! Pending sales are up 83% over June's 2012 sales. And total pending sales are up about 6% from last year at this time. What a difference an upturn makes. Not a large number of sales closed though with five total.
How about some sales stats for the year?
61 total sales as of today. Pricing points are as follows:
<$200,000 35 Sales
$200,000-$300,000 14 sales
$300,000-$400,000 8 sales
>$400,000 4 sales
Mountain Closings Down for June 2013!
Saturday, July 13, 2013
It came as a complete surprise when June 2013 sales info came out this week. Only five properties went to closing for the month according to RMLS statistics. July numbers will certainly make up for the slow down with 25 sales currently pending. The jump in interest rates slowed applications for mortgages according to lenders but I wouldn't exactly say that is reflected in our current pending sales information. We expect the surge in inventory to keep prices very affordable as many second home sellers have been waiting for an improving market.
Eleven Sales for April 2013
Tuesday, May 21, 2013
RMLS reported a total of nine sales for April but two more have since been added to RMLS totaling eleven sales. Three of this month's sales were foreclosures and one short sale. Foreclosures in the area are tapering off and short sales increasing. Lengthy closings are status quo for any short sale these days.
April Sales on Mt. Hood for 2013
Monday, May 20, 2013
April 2013 stats are out in RMLS showing the trend of number of sales is still booming along. There's plenty of inventory to purchase with no short supply and buyers are snatching up homes and cabins. This past month saw a splurge of new inventory hitting the market increasing the number available by nearly a third. Of the nine sales which close that month the marketing time hit 282 days. Inventory that has been on the market a while is finally clearing out. May looks to be a continuation of the trends we are seeing.
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