Mt. Hood Homeowners Have A Lot of Equity
Thursday, April 9, 2020
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What about the Mt. Hood Real Estate Market Today
Thursday, April 2, 2020
Looking to the Future: What the Experts Are Saying
As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over.
Here’s a look at what leading experts and current research indicate about the economic impact we’ll likely see as a result of the coronavirus. It starts with a forecast of U.S. Gross Domestic Product (GDP).
According to Investopedia:
“Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.”
When looking at GDP (the measure of our country’s economic health), a survey of three leading financial institutions shows a projected sharp decline followed by a steep rebound in the second half of this year:
A recent study from John Burns Consulting also notes that past pandemics have also created V-Shaped Economic Recoveries like the ones noted above, and they had minimal impact on housing prices. This certainly gives hope and optimism for what is to come as the crisis passes.
With this historical analysis in mind, many business owners are also optimistic for a bright economic return. A recent PricewaterhouseCoopers survey shows this confidence, noting 66% of surveyed business owners feel their companies will return to normal business rhythms within a month of the pandemic passing, and 90% feel they should be back to normal operation 1 to 3 months after:
From expert financial institutions to business leaders across the country, we can clearly see that the anticipation of a quick return to normal once the current crisis subsides is not too far away. In essence, this won’t last forever, and we will get back to growth-mode. We’ve got this.
The Mt. Hood real estate market has seen a major slow down with few showings and sales. Only the most serious buyers will venture out and look for property. With the lockdown, most future sellers are taking this time to prepare their homes for sale once things are opening up again. I've had three sales fail with the probable underlying reason being the uncertainty of things right now. The second quarter will take a heavy toll but by June, as the experts are predicting, things will take off like a rocket, hopefully!
Bottom Line
Lives and businesses are being impacted by the coronavirus, but experts do see a light at the end of the tunnel. As the economy slows down due to the health crisis, we can take guidance and advice from experts that this too will pass.
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!
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