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Displaying blog entries 211-220 of 357

Mt. Hood Real Estate Sales for July 2012

Tuesday, August 21, 2012
by Liz Warren

July 2012 was keeping pace with the rest of this year with twelve closed sales for the month. Number of sales are still high and rolling through this inventory at a good clip. Once this large amount of inventory is gone pricing will finally stabilize and appreciation may some day return to the mountain! Four of the sales were distressed meaning foreclosure or short sale. Nationally distressed sales are down to about 25% of inventory. 

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Camp Creek Cabin, Just Reduced

Monday, August 13, 2012
by Liz Warren

Camp Creek Cabin

Charming three bedroom, one bath cabin with updated kitchen and an open style great room is great for family and friends. Nice stone fireplace with woodstove insert and a brand new oil heater too! Sit on your deck and watch the creek. Just reduced to $147,500!

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Mt. Hood's May Market Action Numbers for Sales

Sunday, June 24, 2012
by Liz Warren

The market action provided by RMLS brings May active, pending and sold statistics for the Mt. Hood area. The past month brought a huge number of properties to the market, nearly 25% of inventory came on this month and June will likely tell a similar story. Many sellers waiting for the market to improve have come to the dance floor. Ten closed sales for the month shows a continuing trend for sales numbers to beat out 2011 but prices have still not gone up due to the amount of inventory currently for sale. Number of days on market is up to 261.

Mt. Hood May Market Action for Real Estate Sales in 2012

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Mt. Hood Area Real Estate Sales for May 2012

Sunday, June 17, 2012
by Liz Warren

May real estate sales on the mountain are consistent with the past several months. Ten sales of  properties have now given a total of 46 sales since the first of the year. Numbers of sales each month have been fairly consistent giving an average of nine sales each month! Plenty of inventory to choose from and with unbelievable 3.75% interest, this is the Primo time to buy in history!

Lets take a look at May's sales. Four of the ten were either bank owner or short sales. Good news in that two sales were over $300,000. There's been more interest in the higher price ranges. Since we are quickly approaching our premium selling summer season I expect the next several months to produce even higher numbers of sales baring any negative economic news.

Mt. Hood Area Real Estate Sales for May 2012

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Mt. Hood Area Inventory Levels

Monday, May 21, 2012
by Liz Warren

The Portland Metro area inventory is at a five year low according to the multiple listing service. Month supply of home for April was 4.7 months. This is the buzz about "listing inventory" shortage in Portland.  Take a look at Grant and Wallowa County though with over three years of inventory to sell. Yikes! 

Mt. Hood Area inventory of residential homes are at a 13 month level. Lots of inventory to choose from and to take advantage of these historically low interest rates!

Oregon county inventories

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Market Action for Mt. Hood Area April 2012

Thursday, May 17, 2012
by Liz Warren

The recent Market Action from the Portland metro real estate service has shown that the number of sales for the year is holding steady. For the third month in a row sales are in double digits for the mountain! April saw 10 total sales for the month. The biggest surprise is that half of these sales were condos. 

Mt. Hood April 2012 real estate sales

 

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Mt. Hood Shadow Inventory

Thursday, May 3, 2012
by Liz Warren

Every wonder about how much "shadow inventory" is on our mountain? Realty Trac, who tracts foreclosures nationally, says Oregon has 19 months of bank owned inventory that has not hit the market. Nationally the number is closer to 16 months. A recent article on Oregon Live, the Oregonian paper on line, presents an interactive map of the greater Portland area by zip code with numbers of foreclosures.

Interactive map of foreclosures by zip code. Check out 97049, 97028 and 97067.

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Collins Lake Condo Sales for Government Camp

Thursday, April 19, 2012
by Liz Warren

Two recent Condo sales in Government Camp's Collins Lake are showing prices may be stabilizing a bit. Recent foreclosure sales dipped as low as $158,000 over the past year but two recent sales this past couple of week show there's demand. The last foreclosure listed received multiple offers (final price was $225,000)  for the interior end unit. Both were financed with conventional loans with sales prices of $225,000 and $280,000!

 

Collins Lake Condo sales

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Camp Creek Cabin Just Reduced

Monday, April 16, 2012
by Liz Warren

Stunning setting sitting right on Camp Creek has just been reduced $10,000! Located in the Mt. Hood National Forest on leased land, this Mt. Hood gem has one of the top locations on Camp Creek and only steps to the water. Large knotty pine living room, cozy built in eating area, loft upstairs for sleeping and a bonus bedroom too. Relax on your deck and listen to the river! Reduced to $145,000!

Take the Camp Creek Cabin Tour

Play VisualTour

 

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Market Statistics for Mt. Hood Real Estate Sales March 2012

Sunday, April 15, 2012
by Liz Warren

Numbers are out from the Regional Multiple Listing Service for the Mt. Hood Area. March 2012 statistics are listed in this chart: New listings are coming on the market fairly quickly as we foresee a very competitive summer coming up this year. Pending sales are way up from a year ago likely reflecting the investors and second home buyers scooping up great homes with incredible prices. Market times are still quite long with 182 day averages for current month sales. With Mt. Hood foreclosures making up 50% of sales this month, the impact on pricing will be downward with more foreclosures hitting the market this year. Oregon has 12.5 months of shadow inventory to get through. (see below RMLS chart)

Market Snapshot for Mt. Hood real estate sales March 2012

 

Oregon Months of Shadow Inventory

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Displaying blog entries 211-220 of 357

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