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Displaying blog entries 351-357 of 357

8.8% appreciation for October!

Monday, November 26, 2007
by Liz Warren

The constant druming of the "bad" real estate market is overwhelming for agents. Did you know the October rate of appreciation for our area is 8.8% according to the Multiple Listing Service!

Yes, pending sales were down 35% in October but there are buyers enjoying excellent interest rates and lots of choices who are buying right now.

Real Estate is Local!

Did you know that 2007 is the 5th best housing year on record?

 

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Top Five Pricing Considerations In This Market

Thursday, October 4, 2007
by Liz Warren

Here are the top five pricing considerations for today's market and selling your property.

1. Increased  Inventory

2,Increased Mortgage Rates

3.Increased Mortgage Restrictions

4. Increased Vacancy Rates

5. Increased foreclosures

(cutesy of  Steve Harney)

 

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Pending Sales

Monday, September 24, 2007
by Liz Warren

Despite the doom and gloom of the media drums, the mountain market currently has 21 pending sales! 

Under $200,000    8 pending

$200,000 to $300,000    4 pending

$300,000 to $500,000    9 pending

These numbers include three forest service cabins and two properties in Government Camp. Forest cabin invenotry is down to three properties listed so if you want a cabin for skiing this winter, now is the time to buy.

And for my shameless plug: This forest service cabin is on the market right now at $109,500!

 

Call me today for details! 503-705-3090

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What's Selling on the Mountain?

Sunday, July 15, 2007
by Liz Warren

The summer selling season has started a bit slower this year. Kick off typically surfaces right around the 4th of July but things are different this year with fewer pending sales and less inquiries for properties.

The past six and a half months leave 18 pending sales still not closed at this point in the year. Of that 18, around 12 sales pending are under the $300,000 range. Last month's market statistics showed a 44% decrease in sales from a year ago May. I anticipate this number will increase after June's numbers come out to press.

Last year when other areas of the country were singing the blues the Northwest held steady in sales. I am finding we are finally feeling what the rest of the country has been experiencing, although not as severe, but a year later.

Increased inventory, great interest rates and motivated sellers make for a great playing ground to purchase right now!

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Market Statistics for May 2007 from RMLS for the Mt. Hood Area

Wednesday, June 20, 2007
by Liz Warren

Here's a brief update on the market statistics from multiple listings service on the mountain activity. Fifteen residential sales and one Condo unit sold for a total of 16 sales. Pending sales are down 44% from 2006!

 

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Slowing Market This Summer?

Tuesday, June 5, 2007
by Liz Warren

     

The factors in play which may impact our summer selling season are listed below. The greatest impact locally will be the interest rates and the tightening lending standards. Well be keeping a close eye on the Portland market as this is reflected in our local market especially the second home market sales. Inventories are expanding rapidly for a summer of sales.

  • Interest rates have shot up in the past three weeks over a quarter of a point and could go higher!.

     

  • Lenders are tightening their underwriting standards. Some say this has slowed sales by at least 5%. We don't know the full effect yet but there's more to come. The Homeowner's Act of Oregon could have an impact on our state market! 

     

  • Inflation is somewhat stable but what about FOOD and ENERGY prices!!! Yikes. I need to sell a house just to fill my gas tank each week. 

     

  • Investors have left the "price sensitive" housing market and moved back in to the stock market with the DOW reaching record highs.

  • Housing deflation? So far it has hit the big "bubble markets" of metro areas like California and Florida. It could filter down to other areas too.

  • Builder sentiment is at a 16 year low so new construction will drastically slow.
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Market Statistics for Mt. Hood

Thursday, February 15, 2007
by Liz Warren

Mid February has shown an incredible slowing of listings and sales. Only two properties have closed this month and inquiries are down. On the other end of the spectrum, listings are not exactly hitting the market. It just seems to be a total slowing of the entire process. Interest rates aren't bad at all but with the home equity faucet turned off, spending is down and sales have drastically slowed down.

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Displaying blog entries 351-357 of 357

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