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What sold properties closed on Mt. Hood in November 2015

Monday, December 14, 2015
by Liz Warren

Here are the fifteen sales for November 2015.


Mt. Hood real estate sales for November 2015

Mt. Hood National Forest cabin sales once again took off with four completed in November. It seems this year more cabins sold at the first half of the year, summer time slowed down and then fall picked up again. 

Five creek front and riverfront homes sold. Any waterfront properties are the top sellers in our area. Two distressed properties were closed for the month. Although rarely do we have any distressed sales on the mountain any more. One or two to creep into the market

Next month I'll have total numbers for 2015.

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Mt. Hood Real Estate Sales for November 2015

Sunday, December 13, 2015
by Liz Warren

The multiple listing statistics just came out for Mt. Hood sales for the month of November 2015. 

Mt. Hood Real Estate sales for November 2015

November stats show 15 closed sales with the number of pending sales down 20% compared to November 2014. In December we currently have 16 pending sales so with the traditional holiday slow down I expect sales numbers to be close to the same for December's closings. 

There's no doubt 2015 has been the best year we've had for sales on Mt. Hood since the crash of 2008! Interest rates will begin to inch. The reality of low interest rates over the past seven years is going to be a major wake up call for anyone who hasn't experienced historically normal rates of 7 or 8%. 

I'm optimistic about 2016. Usually when interest rates begin to rise more buyers hit the market to take advantage of lower rates so we are expecting increased activity for 2016. 

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Distressed Sales Decline in the Mt. Hood Area

Monday, October 26, 2015
by Liz Warren

Take a look at the RMLS statistics for distressed sales over the past quarter in all areas. Bank owned sales are just down to under 6% and short sales at under 2%! So far in 2015 the Mt. Hood real estate market has seen a total of 6 bank owned and zero short sales up to this point. In 2014 that total hit the 18 with 15 bank owned and 3 short sales. The "shadow inventory" of distressed homes is shrinking by the month and heading for historic norms. 

Distressed Real Estate Sales and Listings for Mt. Hood Real Estate

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Planning File ZDO-254 Marijuana Related Land Issues Public Hearings

Monday, October 12, 2015
by Liz Warren

Clackamas County is having a public hearing for Planning File ZDO-254, Marijuana-Related Land Uses

Planning Commission: Mon, Oct. 26, 2015 at 6:00 PM. , Abernathy Center, 606 15th St. Oregon City,

Board of County Commissioners, Mon. Nov. 23, 2015 9:30 AM. Public Services Bldg. 4th Floor, 2051 Kaen Rd. Oregon City

Residents in the Mt. Hood area received this notice by mail with the following statements to be included in the notice:

Clackamas County has determined that adoption of Planning File ZDO-254 may affect the permissible uses of your property and other properties in the affected zones, and may change the value of your property. 

Underneath that statement on the postcard ,this statement follows: However, Clackamas County has not determined that this action will change the value of any property. 

Well, whether it will or not, it is certainly implied values of properties could change with these two statements so as a property owner in Clackamas County we all should be paying a lot of attention to what the county is putting out to the public about our property values.

Here is a link to the Clackamas County website that explains more about the hearings and changes that may be coming. 

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April Closings on Mt. Hood Slide

Friday, May 15, 2015
by Liz Warren

The market conditions report in RMLS were a surprise for April with five closed sales for the month. Inventory surged in April with a whopping 31 new properties to hit the market. Although this news was a bit unnerving, there's currently 24 pending sales in line for closings so it could be a matter of the slower winter contracts in January and February that finally closed in April. I expect May and June's numbers to be substantially higher. 

Recent surges in purchases have caused longer inspection periods due to scheduling home and septic inspections. The second delay is the appraiser delays. They are backed up due to the number of buyers purchasing this spring. 

Although it's not reflected in April's closings, we will be seeing a great summer of activity this year.  I've posted the five closed sales under the RMLS chart below. 


      Mt. Hood Real Estate Sales for April 2015

April 2015 Sales

           Mt. Hood Sales for April 2015

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Real Estate Sales on Mt. Hood for March 2015 Summary

Sunday, April 19, 2015
by Liz Warren

Recent numbers came in from RMLS for March 2015 mountain area sales. 

Mt. Hood Real Estate Sales for March 2015

Area 153, as defined by RMLS, compromises the Mt. Hood market and is physically a smaller area than probably most as listed in RMLS stretching from Government Camp to the Cherryville Hill area between Brightwood and Sandy. This space stretches around 30 miles as the crow flies from one end of Highway 26 to the other. 

I'm bringing this up because despite what these numbers tell us, our market is hoping and it's not really reflected in the RMLS numbers. The thirteen closed sales is consistent with the numbers we've seen through 2014 for a very strong market.

March stats were a bit surprising considering the amount of activity our office has seen. Pending sales are down nearly 40% from last year from March 2014. Marketing time is improving as inventory that had been sitting for sale a long time is moving out. Nearly a third of the current inventory came to market in March with 26 new listings! Our amazing spring like weather has led sellers to getting started early in the marketing process. We predict a very busy spring of sales.

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Mt. Hood Sales for February 2015

Tuesday, March 17, 2015
by Liz Warren

The Mt. Hood real estate market is still strong with eleven sales in the month of February closing for the Welches, Government Camp, Rhododendron and Brightwood areas. As more inventory is coming to the market, sellers are getting their properties ready for the 2015 selling season. Nationally, this past winter saw three times the buyers out shopping for homes compared to the year before. 

Here are the local sales in February:

      Mt. Hood Real Estate Sales for February 2015 including Brightwood, Welches, Government Camp and Rhododendron Oregon

Most of the pricing points were under $200,000 with two Mt Hood National Forest cabins selling. Cabin inventory is low for this time of the year but several sellers are preparing their cabins to hit the market soon. 

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Mt. Hood License Plate

Tuesday, March 17, 2015
by Liz Warren

Here's an important message from local George Wilson, one of the spearheads of Mt. Hood bike and pedestrian coalition. Visit the website now.

Great news!

 HB 3027 establishing a specialty license plate featuring Mt. Hood has been scheduled for a public hearing! The details are included below and it’s important that we have large turnout of community support to speak on behalf of the bill.

 Where: Oregon State Capitol, 900 Court St. NE, Salem, OR 97301

 When: Monday, March 23rd at 3:00pm. 

House Transportation and Economic Development Committee

 Can't attend? Please send a written letter of support to [email protected]. We would love to have a log of supporters to show the committee members!

Background:

While Oregon has a few specialty license plates, none highlight the important state landmark of Mt. Hood. HB 3027 came from some constituents living in the Villages are on Mt. Hood. They stated that having a plate featuring this Oregon landmark would “…be fun, job building, and pride of place promotion for Oregon.” I was encouraged by this idea and wholeheartedly agree that it would give Oregonians enormous pride to showcase an area of our state that has helped drive the multi-billion dollar tourism industry in Oregon.

Continuing to develop the bicycle and pedestrian tourism opportunities throughout the Mt. Hood region has the potential to grow local economies and encourage job creation to support the growing industry.

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Mt. Hood Real Estate Sales for February 2015

Sunday, March 15, 2015
by Liz Warren

Mt. Hood real estate sales for February 2015 show that pending sales were down nearly 36% from 2014. Although last year was really a break out year for real estate all over the country as the recovery of 2012 took up speed, all news on the real estate front point to 2015 as being even a bigger year than 2014. With three times the buyers out in force this winter to purchase this year compared to last, I would expect the pending sales to be up from 2014 than down in our area. Most of that buyer demand must be for urban areas though and the majority of our buyers tend to be second home owners. 

Mt. Hood Real Estate Sales for February 2015

The lack of inventory is showing that some of those homes that have been for sale FOREVER are finally getting sold. February sales had an average marketing time of 236 days! This could indicate that prices have risen a bit with less inventory and some homes on the market a long time are finally at an attractive price for buyers. 

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Pent up Sellers Ready to Move in 2015

Monday, February 16, 2015
by Liz Warren

     Latest Information From NAR

           pent up demand for homes and cabins on Mt. Hood including Welches, ,Rhododendron, Brightwood and Government Camp

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Displaying blog entries 551-560 of 802

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