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Weekend shoppers will love today's foreclosures in the Mt. Hood area located in Government Camp, Welches, Brightwood, Rhododendron!
Take advantage of 25 to 40% discounts by purchasing a foreclosure!
Here are all the recent sales for Februrary 2011. Half of these sales are foreclosures and the other half, arms length transactions. General activity seems a bit slower this month so March numbers will be interesting to see. This is a premium time to purchase with rates still low. The Fed is talking about raising rates which will impact buyer purchasing power. Take advantage of these incredible rates now!
Numbers are in from the multiple listing service for Februrary sales 2011 for Government Camp, Rhododendron, Welches and Brightwood.
Sales are down compared to this time last year. Nationally, sales are also down. Marketing times are longer with an average between the eight sales at 205 days.
NAR, the National Association of Realtors has provided this map showing what percent of distressed sales make up each state's sales.
March snows brought a big dump in Welches, Rhododendron, Brightwood and of course Government Camp. At least 16 inches of snow fell in the Cascades with much of it still on the ground. This cut buyer access for showings down for many days as side streets were nearly impassable if not plowed. Elevations of 2,000 on up are still not easy to get to.
Here are the current pending sales for our area below. Out of the ten pending sales, five are bank foreclosures. Although nationally we are hearing less foreclosures are coming on the market right now, they are only delayed and will actually slow the housing recovery. Once the paperwork has been righted, these properties will be on the market.
Did you know that the last quarter of 2010 had the greatest home affordability for the US in the past 20 years when records were started for this index! No misprint! Taking the average income of a family, this is the most affordable time to purchase a home. It looks like 2007 was the least affordable time to purchase a home. Indianpolois-Carmel, Indiana is the most affordable location in the US to buy a home today with 93% of the average income earners in the area able to purchase a home. At the other end of the spectrum, Santa Cruz, California was the least affordable for the average income earner at a 45% rate able to purchase. If you can qualify for a loan, this is the best time to purchase a home!
The numbers are in for January 2011. Six sales closed this past month. Only one foreclosure in the group. Most sales this month were second home buyers.
Don't forget, real estate is LOCAL. Nationally the news is that sales were up around 12% nationally for the month of December. We can see that is not the case in the Mt. Hood area although activity has picked up for January. Pending sales compared to last year at this time is down 27%. Overall for the year, sales are down nearly 9%.
Collins Lake foreclosures are dominating the market in Government Camp. Here is a recent new listing that just became available today.
Another foreclosure unit went pending today, listed at $240,000
The last two sales closing in Collins Lake were also foreclosures. Once closing at $207,000 and another at $234,000.
December 2010 saw six closed sales for the month according to multiple listing service. Here are the six sales:
The first two listed are foreclosures. Two properties were in Government Camp. The majority of homes selling at this time are second homes vs. primary residential properties. Three of these sales were cash and three with conventional loans.
Displaying blog entries 261-270 of 360
