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Displaying blog entries 701-710 of 1935
Mt. Hood Rents Skyrocket
The rental situation in the Mt. Hood area is bleak. Demand far outstrips supply. The problem is, there is no supply. May sellers who made it through the recession and bubble bust have now decided to sell reducing rental inventory even further.
We see renters in our office nearly every day looking for a place to land. I don't recall even seeing a for rent sign in two years. The massive migration over the past five years to Portland has increased our population substantially. Just drive through Portland and see the multi-level units popping up on every other block. Where will all these people park?
Higher rents in PDX has pushed many more folks to the mountain which is a little more affordable for purchasing but try to find a rental.....good luck! We wonder how this will maintain this pace. If a buyer can buy in the long run, it's almost the only way to go!
Mt. Hood March Sales for 2018
Low inventory has reduced our monthly sales for March. With only 44 homes and condos currently available for sale as active there is not a lot of choices for buyers in this market. Many buyers are frustrated with the current status of the process with multiple offers on nearly every high demand home that hits the market. It's frustrating, but active buyers in this market are up against the odds. We have only 2.7 months of inventory for sale which is a total seller's market. Only eleven sales closed in March. See below.
Mt. Hood Seller's Market!!!!
The lowest inventory in years has produced one of the greatest seller's market we've seen in decades! When looking at every pricing point in our area, there is only a 2.7 month of inventory for sale. There couldn't be a better time to have your home for sale than today.
Bear Creek Chalet on Half Acre
You'll love this charming cabin on a half acre on Bear Creek in Rhododendron! Your own private forest with one bedroom and loft home. High vaulted ceilings in living room kitchen area. Cozy bed corner and loft over living room for sleeping.
Tucked away on nearly a dead end road, it's fairly private with a wooded lot. Easy to get onto Hiway 26 to hit the slopes of Mt. Hood only 15 minutes away! Forget paying rent! $237,500
Mt. Hood Market Stats for March 2018
Mt. Hood Sales numbers for March have been released from RMLS. March sales hit a total of eleven. Average sales price of $360,800 for the month of March! This reflects the lack of inventory we have on the market. New listings are starting to emerge but not many on the lower end of the pricing scale. The break down of active single family homes falls this way:
A third of homes are under $300,000
A third of homes are $300,000-$400,000
A third of homes are over $400,000
There's ten Condo units currently for sale with the majority up in Government Camp.
Sandy Riverfront Custom Home in Timberline Rim
Custom built Sandy River home located in the riverfront community of Timberline Rim. Three bedrooms and two and a half baths with vaulted living room ceiling, natural light and an open floor plan.
Lots of bells and whistles at this home from the wood windows, multiple skylights, big riverside deck, two walk in closets and an oversized utility room. The roof is only two years old!
Low HOA fees of $264 per year. Amenities include pool, tennis court, basketball court and lodge.
Close to all Mt. Hood recreational activities from mountain biking to skiing and hiking. Only one hour to Portland! Perfect location for full time living or vacation home. $410,000
Zig Zag Riverfront Cabin in the Mt. Hood National Forest
Zig Zag Riverfront Mt. Hood National forest service cabin located near Rhododendron! This is a great ski cabin with an open floor plan with a soaring river rock fireplace and a wall of windows to look out on the forested setting. Hard wood floors and a cozy toe warming wood stove that warms you up after a day on the Mt. Hood ski slopes!
Only 15 minutes to premium Mt. Hood skiing. The pristine setting of the mountain forest is hard to find and with such a quick drive from Portland it’s worlds away from the hustle and bustle of the city, loud noises and traffic. You’ll love summers on the mountain for cooling off on mountain trails and taking a bike ride in the nearby Sandy Ridge Mountain Biking Park.
Forget those hours in the car over the weekends to hit the ski slopes and battle parking. This cuts your trips to the slopes down to minutes! $279,950
Thinking of Selling Your Mt. Hood Property?
There hasn't been a better time to sell with inventory levels at the lowest we've ever seen on the mountain! Only 41 properties are currently for sale. Here's how the national inventory looks.
Displaying blog entries 701-710 of 1935
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