Real Estate Information Archive

Mt. Hood Condo Sales for 2018

Thursday, February 14, 2019

by Liz Warren

Mt. Hood Condos have been selling like hotcakes in 2018. Thirty two condos sold last year with twenty of those sales in Government Camp. Here’s the breakdown for each Condo complex:

Collins Lake 11
Grand Lodges 3
Snow Bird 2
Edelweiss 1
Thunderhead 1

Meanwhile down the hill in Welches twelve condos changed hands. Here’s the shake down of those twelve sales by complex:

Fairway Estates 7
Clear Hills 3
Whispering Woods 2

Demand is high for condos in Government Camp and Welches!

Check out current inventory for sale in Government Camp

No condos currently available in Welches.

Give me a call if I can help you with selling or buying your Mt. Hood Condo!

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Possible Year Over Year Price Change

Tuesday, February 12, 2019

by Liz Warren

If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.

The map below shows the results of the latest index by state. Oregon is right up there with a 5.1 increase in 2018!

Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.

This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast by state.)

So, how does this help you list your home for the best price?

Armed with the knowledge of how much experts believe your house will appreciate this year, you will be able to set an appropriate price for your listing from the start. If homes like yours are appreciating at 4.0%, you won’t want to list your home for more than that amount!

One of the biggest mistakes homeowners make is pricing their homes too high and reducing the price later when they do not get any offers. This can lead buyers to believe that there may be something wrong with the home, when in fact the price was just too high for the market.

Bottom Line

Pricing your home right from the start is one of the most challenging parts of selling your home. Once you decide to list your house, let’s get together to discuss where home values are headed in your area!

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Year over year prices Price predictions

Mt. Hood Real Estate Sales for December 2018 for Government Camp, Brightwood, Welches and Rhododendron

Tuesday, January 15, 2019

by Liz Warren

This information has just been released by RMLS, multiple listing service, for sales in December for our Mt. Hood area. A slow down in closed sales is reflected by the minimal number of closed transactions this past month reaching eleven closed sales. No surprise considering the lack of inventory on the market. There are currently 43 properties for sale and 60% of those are more than $300,000. If there ever was a good time to sell on the mountain it is right now with very little competition!

Mt. Hood Real estate sales for December 2018

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Mt. Hood Real Estate Sales for December Mt. Hood sales for Welches Mt. Hood real estate sales for Governmen

Buying a Vacation Home on Mt. Hood

Friday, January 11, 2019

by Liz Warren

Buying A Vacation Property On Mt. Hood? Now Is A Good Time!

Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate.

For those homeowners staying at their first residence, AccuWeather warns:

“The late-week cold shot should fade next week, but this is a warning shot for winter's return late in the month and early February."

Given this, it’s time to go and stock up on winter weather supplies! However, if you’re tired of shoveling snow and dealing with the cold weather, maybe it’s time to consider obtaining a vacation home!

According to the Investment & Vacation Home Buyers 2018 Report by NAR:

“72% of vacation property owners and 71% of investment property owners believe now is a good time to buy.”

It’s time to take advantage of the equity in your home. As the latest Equity Report from ATTOM Data Solutions stated:

“Nearly 14.5 million U.S. properties (are) equity rich — where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value — up by more than 433,000 from a year ago to a new high as far back as data is available, Q4 2013.

The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage.”

This means that over a quarter of Americans who have a mortgage would be able to use some of their home equity to make a significant down payment toward a vacation home, and many are doing just that! According to the same report by NAR:

“33% of vacation buyers purchased in a beach area, 21% purchased on a lakefront, and 15% purchased a vacation home in the country.”

We have everything from Government Camp ski condos to rustic cabins in the woods dotting the Mt. Hood National Forest. Our supply stretches from Brightwood, Welches, and Rhododendron to Government Camp!

Many homeowners who are close to retirement will use some of their equity to purchase vacation homes, which may eventually become their permanent homes post-retirement!