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Mt. Hood September Sales 2019

by Liz Warren

Mt. Hood September 2019 Real Estate Sales

Mt. Hood sales are up with pending sales in September reaching 31% higher than this same time period in 2018. Average sales price is $354,000! Twenty sales closed in September and the activity is continuing into October. There are currently 63 residential properties for sale and there are 29 pending sales as of today. These numbers bode well for a great fall of activity. 

Pre-Emtive Power Shut Down Could Come to the Mountain?

by Liz Warren

The big California fire in and near Paradise, Ca. was started by a PG & E line in 2018 and the lawsuits have been flying since potentially bankrupting the utility company. Super high winds, which spread that fire, are scheduled to kick up today and tomorrow in the bay area and power to the entire region is set to shut down by PG & E. They want to shut down power for 2.4 MILLION people in the San Francisco bay area! That sounds like a monumental task to me and what kind of chaos will that cause for the area. 

I caught this media blurb about our PGE company considering the same preventative outage plan for Government Camp and Welches in the extreme event of super high fire danger and high wind conditions. After watching the Eagle Creek Fire in the Gorge burn up thousands of acres in 2017, although man-made, it's surely on everyone's mind. 

PGE officials say, it's only under consideration and highly unlikely this would happen unless we came into very extreme conditions. PGE was cutting back all trees and brush in the Mt. Hood National Forest along power lines all summer with large fleets of workers staged locally in Zig Zag completing the task. 

 

Mt. Hood Vacation Rentals

by Liz Warren

If there's one dominating market segment on Mt. Hood these days, it's the vacation rental market. This frequently combines an owners personal use with funds to offset their expenses to help pay off that mortgage or create a stream of income. 

Clackamas County has studied the vacation rental market since there are no zoning and regulation policies for vacation rentals. Here is a recent notification from the county if you've been following the studies and local meetings:

The Clackamas County Board of Commissioners is holding a policy session on Wednesday, Sept. 25 to discuss draft regulations for short-term rentals in unincorporated Clackamas County.  The meeting is scheduled from 9:30-11 a.m. in the Board Hearing Room on the 4th floor of the Public Services Building, 2051 Kaen Rd., Oregon City.

The materials prepared for the meeting by staff, including the draft regulations, are available here: https://dochub.clackamas.us/documents/drupal/41f33e9e-8da9-420d-9b13-0abb8e81722c.  The purpose of the meeting is for staff and commissioners to discuss next steps related to these draft regulations.  The public is welcome to observe, but there will not be an opportunity for public comment.  An audio-tape of the meeting will be available later in the week at https://www.clackamas.us/meetings/bcc/presentation

 

Appreciation

by Liz Warren

Appreciation Is Strong: It Might Be Time to Sell

Appreciation Is Strong: It Might Be Time to Sell | MyKCM
 

There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment.

Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).Appreciation Is Strong: It Might Be Time to Sell | MyKCMAppreciation, however, is projected to shift back toward normal, meaning home prices will likely keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.

Here’s What That Means for Homeowners:

As noted in the latest Home Price Expectation Survey (HPES) powered by Pulsenomics, experts forecast an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.Appreciation Is Strong: It Might Be Time to Sell | MyKCMLooking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020.

Bottom Line

If you’re thinking about selling your house, now is a great time to make your move. Don’t get stuck waiting until projected home price appreciation rates potentially re-accelerate again in 2023. You’ll likely earn the greatest return on your investment by selling now before the prices start to normalize next year.

Should you sell this summer?

by Liz Warren

               

Camp Creek Log Cabin on Mt. Hood

by Liz Warren

This is it! A charming log cabin nestled above Camp Creek close to skiing and hiking in the Mt. Hood National Forest. Rainbow rock fireplace, wood floors, windows galore and a cozy loft for sleeping. Only seven minutes to the slopes. An outbuilding for all of your Mt. Hood toys. Gated driveway and a short path down to the creek. Huge deck for summer fun! Windows out to the pristine forest setting. This is the quintessential mountain getaway. $219,000.

Camp Creek Log Cabin near Government Camp

    Mt. Hood Log Cabin on Camp Creek        Mt. Hood Camp Creek cabin outbuilding

 

More info on 79240 E Road 34 Lot 64

Price increase on Mt. Hood?

by Liz Warren

Will home prices on Mt. Hood increase this year? Experts in the market say they will based on National surveys and information. Historically that increase is around 3% per year.  So far, homes under $400,000 seem to be doing well for sales but once you jump up into the higher pricing points, things are a little slow. In general Government Camp commands the upper limit for sales on the mountain above $500,000.

 

                  

It''s Time Tp Buy A Vacation Home in the Mounains!

by Liz Warren

             

What better time to buy a vacation home on Mt. Hood! Close to Portland and Vancouver with only a one hour drive. Enjoy skiing year round, hiking in the Mt. Hood National Forest, mountain biking at Sandy Ridge Park, fishing in the Salmon River, or golfing at Mt. Hood Resort! Here are some great choices for your Mt. Hood getaway!

Mt. Hood vacation homes in Government Camp, Welches, Rhododendron and Brightwood Oregon

Mt Hood Vacation homes in the Mt. Hood Villages of 97067,97028,97011,97049

​Call or email for details on any of these great properties!

Buying A Home On Mt. Hood?

by Liz Warren

 

               

Mortgage Information

by Liz Warren

             

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Liz Warren
Merit Properties Group - Keller Williams Realty PDX Central
Box 131
Welches OR 97067
Direct: 503-705-3090