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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 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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Government Camp Condo Sales

Saturday, February 14, 2015
by Liz Warren

2014 was the year of the Condo sales in Government Camp. Condo sales hit a total of 27 last year and 23 of those were in Government Camp. The majority sold in Collins Lake, a very popular facility with pools, hot tubs, hiking trails and easy access to Highway 26 for a quick trip to the slopes. There are six Collins Lake Condos for sale today. If Government Camp isn't the landing spot for you, several units in Welches near the Resort at the Mountain might serve your needs. 

Grand Lodges was also a hit with buyers. Five units changed hands in 2014. These luxury units are just before Collins Lake on the loop with underground parking and concierge services. Nearly all units overlook Collins Lake making a very scenic setting from the decks. Owners are also able to rent their units out through the Collins Lake office next door too. 

If you are thinking about purchasing either one, Collins Lake or Grand Lodges, taking a test drive with a rental is a great option for buyers for these units and easily done through the Collins Lake rental office. 

 

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December Real Estate Sales on Mt. Hood

Friday, January 23, 2015
by Liz Warren

  Mt. Hood Real Estate Sales for December 2015

The multiple listing service, commonly called RMLS, has posted the sales for December 2014. December was roaring through with seventeen sales closed and an average sales price of $234,600! From all appearances, inventory that has been on the market is finally clearing out with 203 average days on market. 

Inventories are slim right now. All indications are that this year will be one of the best for sales in the past seven years as the economy picks up pace and unemployment is down. The winter activity has been the greatest I've ever seen. Buyers are out looking and our warm winter has provided exceptional access for showings. We're off to a great start this January.

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Mt. Hood Sales for December 2014

Wednesday, January 14, 2015
by Liz Warren

To finish out the year for Mt. Hood sales, our totals for the year hit 192 sales which was about a 20% increase over 2013. December crossed the finish line with 17 closed sales including four distressed sales, two condos and three Mt. Hood National Forest cabin sales. 

Trends are continuing into 2015 with a mild winter, great access to all properties, and low interest rates! 

Check out December's sales:

Mt. Hood Real Estate Sales for December 2014

Mt. Hood Real Estate sales December 2014

Mt. Hood Real Estate December 2014

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Crab Feed Fundraier for Mt. Hood Womens Club

Friday, January 9, 2015
by Liz Warren

Hoodland Women's Club Crab Feed Fund Raiser for the Mt. Hood Communitys

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Happy New Year-November Real Estate Sales Stats for Mt. Hood

Saturday, December 27, 2014
by Liz Warren

Happy New Year!

November home sale numbers were up over October. The numbers continue to increase in total sales for the year. Here's a quick run down from RMLS on how the month of November stacked up plus year to date numbers. Sixteen sales for the month with a wide variety of home, condos and cabin sales. 

Mt. Hood real estate sales from multiple listing statistics for November 2014 including Government Camp, Welches, Rhododendron and Brightwood

Skiers came out to purchase five properties in November including three condos and two single family residential properties in Government Camp. 

Mt. Hood Real Estate sales for November 2014

Mt. Hood Real Estate Sales for November 2014

Mt. Hood Real estate sales for November 2014

The next newsletter will have the year end totals for 2014. 

 

 

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