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Government Camp Real Estate Market 2016

Tuesday, January 31, 2017
by Liz Warren

 

The Government Camp real estate market had 19 sales in 2016. The majority of these sales we're condominiums at Collins Lake totaling nine sales. The average list price was $311,815 and average sale price hit $302,815. The price per square foot was $244 and the cumulative days on market hit 140. 

There were two additional Condo sales. One at Thunderhead Lodge and one at the Edelweiss Condo Complex. Thunderhead Lodge requires all cash transactions due to their ‘condotell” status. Edelweiss units are bank financeable. 

Beyond the condo sales, eight homes sold in Government Camp. At the low end a sales price of $325,000 and at the high end, $699,000. This was the highest priced sale in the Mt. Hood area for our RMLS area 153. 

Mt. Hood sales totaled 211 for residential sales in 2016 so the Government Camp market makes up about 9% of sales. More affordable properties are available in Welches, Rhododendron and Brightwood where home under $300,000 make up 70% of our sales.

Here’s a handy link to check current Government Camp Condos.

Here’s a handy link to Homes for Sale in Government Camp.

You can always bookmark these links or sign  up to receive notification when new properties hit the market on my website. Just start your search and save it with your email address!

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Mt. Hood's Rental Crisis

Saturday, January 28, 2017
by Liz Warren

If you've been "thinking" about buying a home on Mt. Hood, this graph really says it all. We receive countless calls and inquiries from people looking for rentals in our area. Well, there are none. We haven't heard of any in about 8 months. Portland's rental crisis is our crisis too. Nationally, Portland's crisis is getting compared to San Francisco's crisis.

On the mountain many workers for the ski industry have been left out in the cold with few options for living close to work creating longer commute times. Many properties have been scooped up by investors looking for vacation rentals leaving fewer homes available for purchase. We've never seen inventory this low on the mountain. Bad for renters, good for sellers who are seeing escalating prices and bidding wars in many cases. 

Interest rates will be going up this year and are projected to end in the 4.5 to 5% by years end. Avoid contining rising rents and BUY A HOUSE TODAY!


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Mt. Hood Real Estate Sales for December 2016

Saturday, January 28, 2017
by Liz Warren

December sales on Mt. Hood totaled 18. When comparing December 2015 pending statistics, to December 2016, the pending sales for Dec/2016 were down 23% compared to Dec/2015 I know in our area much of that difference could be weather related with less mobility from snow on the mountain but in Portland metro too. The same will likely be true of January this year. 

 Lets take a look at 2016 though and see what a great year it was for mountain sales! The days on market shortened to 54. Year to date pending sales were up nearly 11% from 2015. This year we saw 212 residential sales close plus 34 parcels and lots. Land sales have picked up the most we've seen in years! The average selling price hit $257,300 for 2016. 

RMLS report for December

 

 

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Mt. Hood Sellers

Friday, January 20, 2017
by Liz Warren

Now that the new year is in full swing, now if the time to prepare for getting your home on the market as soon as possible. Most transactions these days take 45 to 60 days to close and sometimes even longer!  My best advise to sellers is to take action now and don't wait till spring to get your property ready for the market. 

Tips for Preparing Your House For Sale [INFOGRAPHIC] | MyKCM

Highlights:

  • When listing your house for sale your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help! Call Liz  today if you need help at 503-705-3090!
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Mt. Hood Best Buy

Saturday, January 14, 2017
by Liz Warren

Hit the Brakes! Enjoy living on the mountain and get out of the rat race of Portland. This roomy custom built home is practically new and has all the features you're looking for on Mt. Hood! The location is right across the street from the Sandy River. Sit on your front porch and enjoy the sounds of the water. This is a great home for full time living or a family gathering place for your vacation home. The extra large lot is over a half acre and even has room for a shop on the property. The great room features a fireplace, gourmet kitchen with island, built in desk and tons of windows. With just under 3,000 square feet of living space there is plenty of room to spread out. The master is spacious and has an exceptional master bath with shower and jetted tub. There are two more bedrooms plus den and family room on the same floor. The den could easily be converted to a fourth bedroom if needed. The family room is HUGE for entertaining, media room, games or hobbies. There's a wet bar and skylights that fill the room with natural light. 

Recreationalist will LOVE this location close to premium ski areas, Mt. Hood National Forest hiking trails and the Sandy Ridge mountain biking park just down the road. 

This gem is offered at $469,950 and is vacant and ready for occupancy!

 Details on 64100 E. Relton Lane on Rhododendron

641       

  64100 E. Relton Lane Rhododendron, Oregon 97049

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December 2016 Real Estate Sales

Saturday, January 14, 2017
by Liz Warren

End of year Mt. Hood sales totaled eighteen to wrap up the year with a nearly eleven percent increase over 2015. The biggest challenge in 2016, in getting any home closed, were the appraisals. The appraisal shortage has increased closing times for nearly all loans going through financing. What once was a traditionally 30 day closing for a home sale is now frequently a three month process. Stress and frustration levels are at an all time high for buyers and sellers. Escalating costs for appraisals have increased costs for buyers hitting the $900-$2000 just for an appraisal. 

 

December 2016 Sales

Mt. Hood Real Estate Sales November 2016

Mt. Hood Real Estate Sales December 2016

Mt. Hood Real Estate Sales December 2016

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Displaying blog entries 1-6 of 6

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