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Mt. Hood Real Estate Sales

Monday, October 19, 2009
by Liz Warren

July and August pending sales proved to be substantial for the year with the biggest number of closings to date in September. It's been over a year since we have seen a monthly total of fifteen sales! Although there were  none in the over $400.000 range, there were a few in the $300,000 area. Only one forest service cabin closed after the August flurry of sales. On a very positive note, only two of the fifteen sales were bank foreclosures.

Media reports indicate the third quarter of 2009 saw the greatest number of foreclousre filings yet. We are fortunate that the numbers of foreclosures have not hit levels in other states from 50 to 80% of their entire sales numbers.

Here are September's sales:

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Mt. Hood Market Action Report for September 2009

Monday, October 19, 2009
by Liz Warren

The multiple listing service has recently published their September sales statistics. Here are the numbers for the mountain:

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Waterfront Price Reduced nearly $15,000

Tuesday, September 29, 2009
by Liz Warren

Just Reduced Nearly $15,000! Priced at $205,000 NOW!!!

Stunning setting on the Zig Zag River close to Rhododendron. Road 20D Lot 13. Enjoy the sounds of the river on your sunny deck and relax your cares away. Bring your favorite book and put your feet up next to the toasty woodstove in your mountain getaway! Close to skiing, golf, hiking, and RELAXATION.

 

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Zig Zag Riverfront Cabin Price Reduction

Tuesday, September 29, 2009
by Liz Warren

This spacious ski cabin located on Road 35 Lot 143 was just reduced by $10,000. Perfect for skiers to hit the slopes. Only about seven minutes to Ski Bowl. Tons of room for the family and friends! Two bathrooms, double loft plus private master bedroom. Just steps to the river!   Reduced to $200,000!

Located in the Mt. Hood National Forest!

 

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Mt. Hood First Time Home Buyers

Sunday, September 20, 2009
by Liz Warren

Daylight is burning!!!!

Looking for that first home? Time is running out to take advantage of the $8,000 tax credit. Many sales are taking six to eight weeks to close. In order to get the credit by the dead line, you need your home to close by November 31, 2009!

Selection is great and you can't beat today's interest rates!

Here is more information on the first time buyer tax credit.

 

 

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Mt. Hood Sales for August 2009

Sunday, September 20, 2009
by Liz Warren

August Sales were WAY UP compared to any other month this year! A total of 14 sales for the month, seems like the number is almost normal for a typcial August on the mountain. Mt Hood National Forest cabins saw the largest segment of sales with five for the month! Four properties were under $100,000 in price. A couple were taking advantage of the first time home buyer plan with the $8,000 credit. September numbers look pretty good too with seventeen properties pending from Government Camp, Rhododendron, Welches and Brightwood.

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Market Stats for Mt. Hood Real Estate August Numbers Are In

Tuesday, September 15, 2009
by Liz Warren

The numbers are in for the mountain area from Government Camp, Rhododendron, Welches and Brightwood. The multiple listing service just released the numbers today. The chart below shows active, pendings, and solds for the month of August 2009. This is also compared to last year and year to date numbers.

SALES ARE WAY UP! Fourteen total for the months of August. The stimulus package is working and many of these were first time home buyers exersising the $8,000 tax cedit!

Here are the sales:

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Mt. Hood Area Sales For July 2009

Saturday, August 15, 2009
by Liz Warren

July Mt. Hood property sales followed the trend of the past six months with five sales closing in July. These sales were in Brightwood, Rhododendron, Government Camp and Welches.

Here are the numbers straight out of the Market Update distributed by the Portland multiple listing service.

Although there were only five sales closing in July, there was a definitive market change with buyers as we saw the middle of July and into the beginning of August. You can see this reflected in the pending sales, listed at 20. August closed sales should see the greatest number of the year. There has also been a boost in the inventory with 30 new properties to hit the market in July.

Below are the five sales in July. These are somewhat all over the place with one Condo, a manufactured home, two vacation properties and one foreclosure on the Sandy River. Two years ago that forecloser had sold for $300,000 plus but as a foreclosure it is sellilng at $180,000. There were multiple offers on this property.

Numbers for August sales should skyrocket with the number of pendings. Continued low interest rates and a huge inventory of homes make this a premium time to get that Mt. Hood property.

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Mt. Hood Sales

Saturday, July 18, 2009
by Liz Warren

Numbers are in for the month of June from our Market Action compliled by the multiple listing service for Government Camp, Rhododendron, Welches and Brightwood. The mountain scored six sales for the month. Most notable is that marketing days are getting longer showing 210 days of average marketing time. Pending sales are down nearly 42% from last year. Now that half the year is over we have seen around 34 closed sales. There is no doubt that this is an extemely competitive market if you are a seller!

 

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Short Sales Foreclosures on Mt. Hood

Saturday, July 18, 2009
by Liz Warren

Short sales and foreclosures make up around 50% of sales in most of the country, sometimes more in certain areas. Take a look at the six sales on the mountain for June. The first and second sales are foreclosures and the last on the list a short sale.

It's a real eye opener for the second home on the list. This sold after 305 days on the market with the bank first offering the property at $328,000. It's final sales price at $175,000 was a long road down in price. Naturally, the more foreclosures and short sales we have in our Mt. Hood area, the more prices get hurt because these are the comparables buyers and banks use to justify their offers and prices!

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Displaying blog entries 321-330 of 362

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