Displaying blog entries 631-640 of 730
Catch up on the local market trends in the Mt. Hood area from Welches and Brightwood to Government Camp. See the 15 real sales in February and get details on the mountain's favorite event, the Bite, coming this month!
This past weekend a series of small earthquakes have been hitting the Government Camp area with up to 30 quakes from a magnitude of .3 to the largest at 2.3 on the Richter scale. Residents have not been able to feel the quakes but scientists are paying attention because this is a new fault that they were not aware of. This fault is now on the Pacific Northwest Seismic Network list of faults to watch. This map is direct from the PNSN website showing the location of the mini-quakes.
The RMLS multiple listing service recent published the total sale numbers for February 2014 and they are rolling in at 15! Considering it's winter time with a mix of crazy freezing weather and recent monsoons, 15 sales is exceptional for this time of year. Pending sales are up 400% compared to February 2013. This should be a great year for mountain sales if we maintain this pace.
The Seven Wonders of Oregon features our local Mt. Hood in one of the new Travel Oregon ad campaigns. Our spot has Timberline Lodge, Trillium Lake, skiing and boarding, and of course the mountain itself.
Visit Travel Oregon to find out all the things to do and see on and around Mt. Hood.
Travel Oregon has kicked off a massive campaign about the seven wonders of Oregon. It's a great clip!
Of course with Mt. Hood being one of the seven wonders we are ready for the barrage of tourists coming to enjoy our area.
If you haven’t noticed there’s a new bus in town. It’s called the Mt. Hood Express and it’s a new and exciting addition to the mountain. Great things are happening in Clackamas County and a recent Federal Lands Access Program grant of $476,000 has expanded the old Mountain Express, which expired in 2013, to an even bigger and better option for residents, workers and tourists to get to Government Camp and Timberline Lodge at a very affordable rate. The collaboration between Sandy, the Mt. Hood National Forest and required private grant match funding with the Resort at the Mountain, Ski Bowl and Timberline make the $2.00 ticket very affordable.
Transportation to the mountain has evolved over the years but it's always been a challenge with a challenging road to Timberline and today's clogged roads and limited parking. Old School transportation was the Skiway. See the video below of the tram. The Skiway tram was built in the 1950's and loaded passengers on a tram bus that cabled up to Timberline Lodge starting at today's Thunderhead Lodge.
New School
Mt. Hood Express Bus Schedule download here
How did the bus system evolve and where did the grant come from?
Sales are in from January 2014 for the mountain area. Good news on the higher priced end with four sales in the $300,000 range. More great news is that they were all in the Welches and Rhododendron area vs. Government Camp. This bodes well for this pricing point to start off the new year. Last year around 26% of sales were over $300,000 on the mountain with the majority of the higher end sales in Government Camp.
Mountain sales hit the entire spectrum last month from subdivisions including the Resort at the Mountain, Timberline Rim, Zig Zag Village and one Condo at Fairway Estates. Only one forest service cabin closed.
Despite sub-freezing temperatures at the beginning of February and our resent monsoon rains, this President's weekend brought a huge crew up to the mountain to take advantage of the new snow. Better late than never! This week should be an exceptional one for skiers and boarders!
Sales are out for January on the mountain. Considering we had tons of sun and accessibility was good, closed sales continued into January after an exceptional fourth quarter for 2013! Our pending sales are holding steady and up from last January. The total market time is still showing a high number of days reflecting that we are still working on older inventory that is moving.
News stories abound on lack of inventory but the mountain still has plenty to choose from and we expect a robust year with new listings coming on the market as we head towards spring. Continued low rates make purchasing right now an exceptional time to buy a home. Most expert predict we will see a full percentage point increase by this time 2015. This could easily increase a payment by $200 per month!
A fantastic year for real estate on Mt. Hood brought a strong finish for December with fifteen sales last month. Four forest service cabins closed and a couple with unbelievable prices under $60,000! Three manufactured homes changed hands, two condos-both in Fairway Estates at the Resort at the Mountain, and two Government Camp properties.
Calls are coming in from sellers now gearing up for the 2014 selling season. It should prove to be another great year on the mountain with lots of bargains to be had and continued low interest rates. All predictions are that by the end of the year rates will be up an entire percent as the Feds continue to "TAPER" the pumping up of the economy. Now is the time to buy.
December sales rounded off the year with 15 closings for the month! This brought the mountain sales totals for 2013 up to 156 sales. We are happy to see these numbers after climbing out of the slow recovery on the mountain since the bubble times.
You can tell by December's numbers with pending sales up 180% from a year ago that things are improving in our area. Last December was a bit bleak compared to this year. Don't be deceived by the average sales price change of 13.7% for the mountain. Due to some higher end sales, mostly in Government Camp, this number is eschewed to make things a bit rosier than they are for Welches, Rhododendron and Brightwood. The lagging Government Camp market has seen some life in the embers and it's reflected in this chart.
January looks as promising as December. Despite the lack of snow, accessibility for showing homes is exceptionally good for this time of year and many buyers are out to make their purchase now before interest rates climb and purchasing power will be affected. Acting now before rates go up, which are predicted to be nearly a whole point by the 4th quarter would be a good move!
Displaying blog entries 631-640 of 730
