Real Estate Information Archive


Displaying blog entries 1-10 of 27

It's Time To Buy

by Liz Warren

Graduations are over and school is out. Now is the time to buy with increased inventory giving lots of opportunities for choices on the mountain! Interest rates are the best we've seen in a long time and sellers are motivated. The rain is over and there's plenty to look at so take advantage of these times.

Your dollars will go farther with low interest rates. If rates increase by 1% you will loose 10% of your buying power. There are many foreclosures and short sales too for bargain hunters and investors!

Residential Sales For October on Mt. Hood

by Liz Warren

Are we glad October is over? What a wacky month! Between the fluctuating stock market and election news I am more than ready for November!  The weekend rain has done a good job of knocking another third of the leaves down for yard clean up. I am having my ususal fall back transition issues  and getting my internal clock adjusted. What the hec  am I'm doing up this early? I don't know.

So, here are the numbers! These are the sales for October for Government Camp, Welches, Rhododendron, and Brightwood:

The good news is that Government Camp had another sale over $500,000! This market has been hard hit with few sales of single family homes in the upper price range.

One forest service cabin closed this month. This segment also has lots to choose from and less buyers making it quite competitive. New lease fees are coming up this January so we will see what the increase does to inventory at that time.

Ok, it's on to November and election night is tomorrow. Hopefully once this is settled things will loosen up a bit.

Recession on Mt. Hood?

by Liz Warren

Sales for Welches, Rhododendron, Government Camp and Brightwood in September hit a total of 10 accroding to the Market Action section of the RMLS, multiple listing service. Pending sales were down 33% and our total sales hit a decline of 11.5% for the year. 

On the ground we are seeing an average sale price decline and the upper end of the market from $500,000 on up has disappeared and completely flattened. This comes from a combination of things. A massive inventory, high interest rates for jumbo loans, the credit crunch taking lots of buyers out of this market and slower economic times.

The chief economist for the National Association of Realtors, Lawrence Yun and others see a recession through at least the next three quarters. Some areas of the country have already corrected back to 2002 and 2003 pricing levels. There is no doubt about it, our area needs to make this correction too in order to reduce inventory levels.

The biggest hoop to jump through as a seller and agent is the bank appraisal. foreclosures will be used for comparables and these sale prices will quickly adjust the market downward. This is a difficult pill to swallow for many sellers who are still thinking in terms of 2004 and 2005 but reality will strike so the sooner the adjustment is made the quicker the market will equalize.

It's an incredible time to buy properties if you qualify. Rates are still very low and with the amount of inventory available it's a feast of opportunity. We are fortunate to live in one of the most desirable areas of the country with a predicted quicker recovery than most states. The increased population to Oregon alone makes this a no brainer opportunity.

Market Action for August 2008

by Liz Warren

Traditionally August is one of the most active of our year in sales. Take a look at the market action from multiple listing for the month of August.  The board of directors of the Multiple Listing Service have changed the calculation of the aveage days on market to the total market time which is now cummulative.Some agents would wait for a listing to expire or withdraw and relist as a new listing giving an unrealistic view of marketing time. This decision by the board will make more realistic figures for sellers and buyers to understand the market.

Sales for August were down 47% from the year before. Days on market will be showing up as longer due to the new cummulative amounts. August saw a total of 12 sales.


Zig Zag Riverfront Cabin near Mt. Hood

by Liz Warren


$210,000   only SEVEN minutes to skiing!


Charming and well maintained ski cabin on the banks of the Zig Zag River only seven minutes from ski areas! It's spacious with nearly 1400 square feet of living space. Plenty of room in the living room, kitchen and dining area. Franklin fireplace for warming up after skiing. The living room has tall ceilings with wood beams and wood accents.

The kitchen and dining area are open and you can watch the river through a wall of windows that look out to the forest and river.

A deck is located on the front of the cabin for listening to the river.

Most of the windows have been replaced making a warm and cozy cabin for wintertime use.

A handy wood storage area is just off the mud room. You'll love the bathroom which was completely rebuilt  including a full sized shower and tub.

A metal roof is perfect in case it snows. The snow will slip right off the roof for easy care.

Located only one hour from Portland in the Mt. Hood National Forest with thousands of miles of hiking trails in your back yeard. leased land in the Mt. Hood National Forest.


Mt. Hood Newsletter Hot Off the Press!

by Liz Warren

If you're interested in what is happening locally in the Government Camp, Welches, Rhododendron and Brightwood real estate markets plus nationally in real estate news you might want to sign up for my monthly newsletter to keep up with what is happening! I cover trends in Mt Hood National Forest cabins, Government Camp properties, local improvements that may inpact your ownership, lending issues and more.

Here is the latest copy!

Mt. Hood Original 1925 Cabin

by Liz Warren

This is an original 1925 cabin near Still Creek in Rhododendron. Lots of charachter and charm in this two bedroom cabin. Wood floors, old fashioned paned windows and a great deck to relax and listen to the Creek will lull your cares away.

Walk to Rhododendron across the footbridge. Located only one hour from Portland in the Mt. Hood National Forest! Minutes to year round skiing and thousands of miles of hiking trails in your backyard!

$95,000    TAKE A TOUR HERE

If you've ever thought about a great getaway in the Mt. Hood National Forest, this is the place for you. Charming ZigZag riverfront cabin with an open living room with beams and tons of windows to bring the outdoors in! Enjoy your deck above the ZigZag river and fire that barbeque up for easy outdoor living.

There's a beautiful stone fireplace that heats up the cabin well.

It's the centerpiece of the living room. It's open to the kitchen, dining area, and living room area. A big sliding glass door steps out to the decking area.

There is a bedroom on the main level and up the spiral staircase is a huge bedroom with mutiple sleeping areas and small storage areas off the sides.

An easy care metal roof is great in winter for sliding any snow off the roof. Just to the side of the cabin is a handy wood shed for storage.

The best of all, this cabin is only seven minutes to the slopes! Forget long lines of winter ski traffic! This is so close that it's perfect for winter and summer vacations and ONLY one hour from Portland. Save gas money and vacation close to home all year long! Enjoy the pristine forest in the Mt.Hood National Forest.

$199,950  take a tour here

Sit on your deck and watch the clouds blow by! This incredible Clear Hilld Condo has a million dollar view. It's an upper unit with two bedrooms and two baths, a stone fireplace, cozy dining and kitchen area, spacious bedrooms, a washer and dryer, storage area and its own carport. Enjoy the Resort at the Mountain and golf the 27 hole golf course. New Resort ownership will place this unit in high demand with millions of dollars of renovations in the works. Only one hour from Portland and a 15 minute drive to premium ski slopes.

Tour the condo here

Local Weather Impacts Mt. Hood Sales

by Liz Warren

It's snowing again in Welches and for a late March date, this is a bit unusual. The weather has had a rather substantial impact on real estate this year. Access into the forest service cabins in the Mt. Hood National Forest, mainly from Government Camp to Rhododendron, has been limited since the end of December when the snow has been falling at record levels.

These National Forest roads are not plowed, except for Road 10.   Many cabin owners have not been able to use their cabin this winter unless they have a good  four wheel drive with high wheel based capabilities. Of course some owners have skied or snowshoed in. At last count a local towing company said at least 200 vehicles had been pulled off of forest service roads. The snow has reduced listing activity and sales activity for these cabins over the past three months. This has also delayed many owners completing their compliance requirements for the new permit set to start January 1, 2009!

Government Camp has been buried most of the winter. Snow plows have not been able to keep up with the load.. When trekking up for a showing this winter, not only could we hardly identify the cabin from the road, snow up to it's roof nearly, but there was no way we could scale the 20 foot bank that had been snowplowed toward the front of the chalet. I can only imagine some of the damage many of these properties have suffered this year from collapsing chimneys to crushed decks and other snow related issues. Bottom line, if you don't like to shovel snow, don't even think about purchasing in Government Camp.

The lack of accessibility has also hampered the Government Camp sales except for condos.. Under the strict appraisal requirements coming from lenders these days, I doubt a lender would even consider an appraisal until the snow melts further and they can eyeball the property.

Sales statistics will tell the story soon. Stay tuned for additional updates.


Displaying blog entries 1-10 of 27




Contact Information

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