What Experts Are Saying About This Market
Thursday, March 26, 2020
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Mt. Hood Market Stats for February 2020
Wednesday, March 25, 2020
February saw nine sales close for the month. I expect March sales to be fairly around that same number. Lack of inventory has still kept a lid on the numbers due to lack of choices for the buyers. February had only 36 properties for sale and that was with 15 new listings.
The average sales price hit $342,700 with a marketing time averaging 123 days. This could be because of the pricing point in our area these days. As of today, two thirds of active listings on the market are greater than $300,000!
The current pause in the market should be interesting. As we slowly head towards the spring market we should see listings pick up the pace. I expect the second quarter to show few sales as a result of today's slow down but hopefully by summer we will crawl our way out of this.
Mt. Hood Home and Cabin Owners: Get Your Property Ready to Sell Now!
Sunday, March 8, 2020
Government Camp Alpine Crest Lot For Sale
Sunday, March 8, 2020
Rare opportunity to build your home in Alpine Crest with Mt. Hood view in Government Camp, Oregon. This lot is over a quarter of an acre and has a fantastic location to easily get to the slopes of Mt. Hood! It's one of the largest lots in the subdivision with all homes over a half a million dollars in value. Minimal HOA to pay for plowing too!
Tired of sitting in traffic on weekends to get to the slopes? Avoid those 5:00 am get up times and build your own chalet at the foot of Mt. Hood so you're first on the slopes.
More info on 90011 E. Morrison Lane in Alpine Crest Government Camp, Oregon
$280,000
Happy New Year from Mt. Hood
Wednesday, January 1, 2020
Here’s to a Wonderful 2020!
We hope 2020 is a great year for you, both personally and professionally!
Mt. Hood Homeownership
Tuesday, December 10, 2019
A 365 Day Difference in Homeownership
Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:
- Refinance: If you already own a home, you may want to decide if you’re going to refinance. It’s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home?
- Move-up or Downsize: Another option is to consider moving into a new home, putting the equity you’ve likely gained in your current house toward a down payment on a new one that better meets your needs – something that’s truly a perfect fit for your family.
- Become a First-Time Homebuyer: There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you’re considering it. Just take a look at the cost of renting vs. buying
Why 2019 Was a Great Year for Homeownership
Last year at this time, mortgage rates were 4.63% (substantially higher than they are today). If you’re one who waited for a better time to make a move, market conditions have improved significantly. Today’s low mortgage rates combined with increasing wages are making homes much more affordable than they were just one year ago, so it’s a great time to get more for your money and consider a new home.
The chart below shows how much you would save based on today’s rates, compared to what you would have paid if you purchased a house exactly one year ago, depending on how much you finance.
Bottom Line
If you’ve been waiting since last year to make your move into homeownership, or to find a house that better meets your needs, today’s low mortgage rates may be just what you need to get the process going. Let’s get together to discuss how you can benefit from the current rates.
Don't Get Spooked by Today's Real Estate Market
Wednesday, October 30, 2019
Mt. Hood September Sales 2019
Thursday, October 17, 2019
Mt. Hood sales are up with pending sales in September reaching 31% higher than this same time period in 2018. Average sales price is $354,000! Twenty sales closed in September and the activity is continuing into October. There are currently 63 residential properties for sale and there are 29 pending sales as of today. These numbers bode well for a great fall of activity.
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