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Thinking of Buying or Selling on Mt. Hood?

by Liz Warren

        

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.

 

                  

Buying A Home On Mt. Hood?

by Liz Warren

 

               

Mortgage Information

by Liz Warren

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Market Trends Newsletter for Mt. Hood March 2019

by Liz Warren

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Market Trends Mt. Hood Real Estate February 2019

Featured Listing

Featured Listing

For Sale: $499,950

More Information

Local Update for February Sales

Below are the latest stats for February with seventeen closed sales. The sales are spread throughout the market from Brightwood to Government Camp. Three condos and two forest service cabins closed. Single family properties were scooped up by many second home buyers and investment vacation rental buyers. The demand for vacation homes has skyrocke

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National News For April

U.S. Real Estate Overview Note: February 2019 data below are the most recent released by the National Association of Realtors. Existing-home sales rebounded strongly in February, experiencing the largest month-over-month gain since December 2015, according to the National Association of Realtors®. Three of the four major U.S

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New App for Buyers and Sellers!

If you are out and about looking for properties or just want to keep up with the market, this new APP has everything you'll need in the process. Download the New Keller Williams App to Keep You In the Know for Properties On Mt. Hood

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Millenial Buyers on Mt. Hood

by Liz Warren

            

The Cost of Buying a Home on Mt. Hood

by Liz Warren

   

First Steps for Buying a New Home On Mt. Hood

by Liz Warren

Possible Year Over Year Price Change

by Liz Warren

If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.

The map below shows the results of the latest index by state. Oregon is right up there with a 5.1 increase in 2018!

How To List Your Home for the Best Price | Simplifying The Market

Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.

This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast by state.)

How To List Your Home for the Best Price | Simplifying The Market

So, how does this help you list your home for the best price?

Armed with the knowledge of how much experts believe your house will appreciate this year, you will be able to set an appropriate price for your listing from the start. If homes like yours are appreciating at 4.0%, you won’t want to list your home for more than that amount!

One of the biggest mistakes homeowners make is pricing their homes too high and reducing the price later when they do not get any offers. This can lead buyers to believe that there may be something wrong with the home, when in fact the price was just too high for the market.

Bottom Line

Pricing your home right from the start is one of the most challenging parts of selling your home. Once you decide to list your house, let’s get together to discuss where home values are headed in your area!

 
 

Buying a Vacation Home on Mt. Hood

by Liz Warren

Buying A Vacation Property On Mt. Hood? Now Is A Good Time!

Buying A Vacation Property? Now Is A Good Time! | MyKCM
 

Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate.

For those homeowners staying at their first residence, AccuWeather warns:

“The late-week cold shot should fade next week, but this is a warning shot for winter's return late in the month and early February."

Given this, it’s time to go and stock up on winter weather supplies! However, if you’re tired of shoveling snow and dealing with the cold weather, maybe it’s time to consider obtaining a vacation home!

According to the Investment & Vacation Home Buyers 2018 Report by NAR:

72% of vacation property owners and 71% of investment property owners believe now is a good time to buy.”

It’s time to take advantage of the equity in your home. As the latest Equity Report from ATTOM Data Solutions stated:

“Nearly 14.5 million U.S. properties (are) equity rich — where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value — up by more than 433,000 from a year ago to a new high as far back as data is available, Q4 2013.

The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage.”

This means that over a quarter of Americans who have a mortgage would be able to use some of their home equity to make a significant down payment toward a vacation home, and many are doing just that! According to the same report by NAR:

“33% of vacation buyers purchased in a beach area, 21% purchased on a lakefront, and 15% purchased a vacation home in the country.”

We have everything from Government Camp ski condos to rustic cabins in the woods dotting the Mt. Hood National Forest. Our supply stretches from Brightwood, Welches, and Rhododendron to Government Camp!

Many homeowners who are close to retirement will use some of their equity to purchase vacation homes, which may eventually become their permanent homes post-retirement!

Bottom Line

If you are a homeowner looking to take advantage of your home equity by investing in a vacation home, let’s get together to discuss your options!

Displaying blog entries 1-10 of 152

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