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November 2013 Sales for Mt. Hood Skyrocket this Fall

Saturday, December 14, 2013
by Liz Warren

November closings for 2013 continue to ROCK on the mountain with eighteen closed sales for the month! Government Camp sales really pushed numbers up with three Collins Lake Condos closing. Plus, three single family residential home sales at the higher end of the pricing point. Two of the three were in the Alpenglade subdivision hovering at the $700,000 mark and one was new construction in the subdivision on the Ski Bowl side of the hiway 26 called Tyrolean Meadows. This new construction home, built by the developer of Tyrolean Meadows closed at $630,000.

Three forest service cabins closed. Two of these cabins were under $50,000! These are unheard of prices that we haven't seen in decades. I'm not kidding. We haven't seen a cabin sell in this price since the 1980's.

Three distressed properties, foreclosures or short sales, also sold in November. To complete the total, two land sales also closed!

Here is a complete list of the sales. If you have any questions about the market or these specific sales, let me know and I would be pleased to provide additional information.

 

Mt. Hood Real Estate SAles for November 2013

mt. hood real estate sales for November 2013

Mt. Hood Real Estate Sales for November 2013

   

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Big Number for Real Estate Sales for October 2013

Sunday, November 17, 2013
by Liz Warren

This fall continues with record numbers of sales totaling nineteen for October 2013! This has been a spectacular number of closings and the most we've seen in five plus years.

Three of these sales were distressed either foreclosure or short sales. Five sales for Government Camp this month including two condos! After a complete drought of Condo sales for Government Camp over the past three to four years with low prices and lots of distressed sales there's finally some serious movement in this market!

Mt. Hood Real Estate Sales October 2013

Mt. Hood Real Estate Sales for October 2013

Mt. Hood Real Estate Sales for October 2013

Mt. Hood Real Estate Sales for October 2013 

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Numbers are out for October 2013 Real Estate Sales on Mt. Hood

Saturday, November 16, 2013
by Liz Warren

RMLS has released the sale info for October 2013 for Mt. Hood and we're still rocking with nineteen closed properties in that month! You can tell some of the lingering inventory has finally gone away with many short sales finally coming to fruition. A whopping average of 242 days on market for these 19 sales! That is a long marketing time. The government shut down for two weeks put many buyers on hold as things were sorted out so it caused quite a dent in the pending sales department down a total of 40% from last year at this time. Now is the time to take advantage of these still super low interest rates!

Mt. Hood Real Estate Sales for October 2013

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Portland Metro Area Distressed Property Numbers from RMLS

Tuesday, October 22, 2013
by Liz Warren

Distressed properties for Portland Metro 3rd Quarter

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First Time Home Buyers

Monday, October 21, 2013
by Liz Warren

If you are a first time home buyer or a buyer with minimum down payment pay attention to recent news concerning Fannie Mae. Currently you can get a mortgage with 3% down. Many buyers have applied for a conventional loan with 3% down vs. an FHA loan due to the high upfront PMI (Private Mortgage Insurance) required by FHA.  FHA loans have been losing out to Fannie Mae conventional loans due to PMI.

This November Fannie Mae will be increasing their down payment requirement to 5% instead of 3%. If you get your approval now and close by March 15th you can still get the 3%.

The mortgage insurance on Fannie Mae loans tends to be lower than the FHA insurance but that is dependent upon your credit scores.

So, the bottom line is if you are buying and want to get the best deal for a 3% down payment, you need to act NOW. See your mortgage professional for addition details.

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Fourteen September Sales on Mt. Hood

Saturday, October 19, 2013
by Liz Warren

Today's buying opportunities can't be beat! Recreation lovers are snapping up Government Camp condos like never before. A total of five Government Camp condos sold in September with the luxury Grand Lodges  hitting a record number with three sales in one month. Three of the fourteen sales were short sales. There's been a record number of short sales on the mountain this year with more to come. Our equities have not been rising at the same rate as Portland Metro area with around 12.5% over the past year. We hope the increase in Portland's home equities will eventually come to the mountain to help boost our sales too!

           September Sales on Mt. Hood for 2013

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Fall Sales on Mt. Hood Are Solid

Saturday, October 19, 2013
by Liz Warren

Fall real estate sales for the Mt. Hood area have been consistent with the rest of the year. Although the RMLS reports a total of 11 sales in Welches, Government Camp, Brightwood and Rhododendron, the real number is 14 for the month.

        Mt. Hood Real Estate sales for September

Take a look at the total market time for the month! 340 days average. Where did that number come from? Well, with three out of the 11 sales being short sales with over 300 and 400 days on the market, it really skews the statistics in a negative way. So don't take this as a true number for all recent September sales.

There's no doubt it, there's plenty of inventory out there with 146 properties for sale. Even more came on the market in September with 26 new listings. Sellers coming to the market based on the good news that things are picking up and the real estate market is stabilizing. October saw a major stall out with the government shut down and the anxiety of the debt ceiling left many buyers on the side lines. Now that the drama is over for the time being I expect inventory to stay strong through the fall.

 

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Government Camp Real Estate For Sale

Friday, October 18, 2013
by Liz Warren

It's that time of the year when many buyers start thinking about  ski season and that trek up to Government Camp in the winter. Welches is covered in yellow and red leaves, the Hood River fruit loop is in full swing and skiers are thinking about first snow. Timing could be perfect if you get your home or Condo on Mt. Hood before the snow flies. Whether you're on Blossom Trail or Mossytree Lane, Government Camp is the place to be in winter when the snow flies!

Check out what's for sale today!

Government Camp Condos with thirteen available units

Homes and Cabins Under $300,000 including National Forest cabins near Government Camp

Build your own chalet-there's still land available!

All properties in Government Camp

 

 

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Mt. Hood Home Buyers

Saturday, October 5, 2013
by Liz Warren

If you're currently in a transaction in the Mt. Hood area, or starting one, and are getting an FHA, VA, USDA or conventional loan, you might be wondering what the current government shut down is doing to your loan and transaction. Read about NAR's summary of the delays for each loan and the impact it will have on your purchase. Which government services are having an impact on your loan?  The IRS and social security divisions are needed for many types of loans so this "might" cause delays. USDA loans are dead in the water. Current processing times for USDA are already three weeks out so this could cause even more of these loans to have long delayed closings!

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August Sales Surge in the Mt. Hood Area

Thursday, September 19, 2013
by Liz Warren

Summer buyers came out to take advantage of our high inventory of Mt. Hood homes and cabins for sale this year. Many second homes buyers realize that now is the time to buy that Mt. Hood getaway while interest rates are incredible and choices are many! Check out the stats for August from multiple listing service below:

      Mt. Hood Sales for August 2013

Pending sales during this month were up 50% from 2012 and a whopping 20 properties closed in August! That's definitely a record breaking month over the past five years. Now that the kids are back in school and skiers are thinking about snow the next surge of buyers should be flocking in. There's lots of inventory to choose from in all pricing points.

Skiers, get your Government Camp condo now before they area all gone!

Do your search here to see current inventory.

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Displaying blog entries 631-640 of 847

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