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Oregon Trail School District Needs A New High School Desperately!

by Liz Warren

The Oregon Trail School District has formed a Task Force who has been working very hard on the high school issues at hand. They are recommending a November 2008 bond election to build a new 1,600 student high school and improve safety, security, and deterioration issues at other district facilities.

To read about the bottom line and outline of what is needed you can download this pdf file of information.    

click here

If you have ever visited Sandy High School, you will understand why this is an urgent need not only for area children but this will help maintain a more stable and desirable community for the entire area from Sandy and Boring to Welches and Government Camp.

 

Cumulative Days On Market

by Liz Warren

Gone are the days when agents would reenter a listing as new to draw attention to a property or to market it as "new" in the eyes of the public. The latest statistic for real estate agents straight from multiple listing is the "cumulative days on market" field.

Cumulative Days on Market  really tells the true story vs "days on market" since the property didn't sell the first time, this is the true marketing time. The true time from start to finish with a sale, with price adjustments, new agents or companies entering the picture: it's the whole enchilada.

Today's statistics show the inventory for Government Camp, Welches, Rhododendron, and Brightwood at around 87 properties for sale. We have a current 17 month supply of homes! Average days on market: 78 but cumulative days on market: 101. That's a 22% difference in perception.

Rather than going through the math at a painful pace through the history section, this simplifies the process.

Mt. Hood Area Real Estate Appreciation Numbers!

by Liz Warren

 

The numbers are in for 2006. Take a look at the mountain's appreciation over the past thirteen years. National news doesn't sound good for the real estate markets but with steady numbers like these the Mt. Hood market is maintaining fairly well.

Naturally there are market segments which can be taken out of these figures to give a more realistic picture of true appreciation but on the whole, we are maintaining very well compared to other areas rampant with foreclosures and pricing pressures bringinig values down.

What kind of a Market does the Mountain have?

by Liz Warren

There's a lot of talk of doom and gloom out in the media of massive foreclosure rates, mortgage fraud, over saturated markets and other issues.. Recently the National Association of Reatlors is seeing stabilization in the national market with some areas still trying to absorb the excess inventory.  Let's face it, real estate is a "local" market and can't be dictated by sweeping "national trends". Take a look at current statistics for area "153" the mountain market straight from the Multiple Listing Service. This area serves statistics  from Cherryville Hill (half way between Brightwood and Sandy) to Government Camp.

The market has a general two month supply of homes. Naturally, many sellers take their homes off the market in winter thinking there are few buyers but recent listings with multiple offer situations prove that there are many active buyers waiting for any new listing to hit the market. Rates are fantastic and with predictions of nearly 7% fixed rates by the end of 2007, NOW is a GREAT time to BUY or SELL!

 

Mt. Hood Top Five Requests For Purchasers

by Liz Warren

What are the top five characteristics of properties requested by buyers on Mt. Hood?

1. Waterfront of any kind. Some buyers prefer the larger rivers but others with kids are more pleased with creeks. Pick your waterfront just to mention a few: Salmon River, Sandy River, ZigZag River, Still Creek, Clear Creek, Henry Creek, Boulder Creek, Rockway Creek and more!

2. View properties. Mt. Hood views are few and far between and only available up the LoLo Pass area. The surrounding hills of Hunchback mountain, Zig Zag Mountain and Sugarloaf are popular too.

3. Acreage. Any property with over an acre of land is high on buyer's lists. Most parcels over three acres are located off of Country Club, Barlow Trail and LoLo Pass Road. Due to surrounding Mt. Hood National Forest, BLM land and timber parcels, existing acreage for sale is difficult to find.

4. Seclusion. Yikes! Very difficult to find. If passing through on Hwy 26 you would think you were out in the woods when reaching the Hoodland Corridor. A community group is active in looking for a name change to be called the Villages at Mt. Hood. http://www.villagesmthood.us/ It's deceptive when driving by but once you get off the beaten path you will find a plethora of many dirt and gravel roads that take you to hidden homes and cabins. On deeded lands in tall stands of firs the typical mountain lot will be less than a quarter of an acre. In Government Camp lots are mostly 50 X 100. Many prefer the leased land cabins (560) in the Mt. Hood National Forest spread out along many creeks and rivers giving a feel of more seclusion and isolation.

5. Fireplaces, Knotty Pine, and Log: Yes, it's back to the old days of and the roots of Mt. Hood. in the 20's 30's and 40's! When families would treck to the mountain for their summer stays in their family cabins which usualy had a riverrock fireplace and lots of knotty pine. Steiner Log cabins were always at the top of any buyer's list too. There are even Steiner Log Home tours offered through the Government Camp Museum. This link will take you to a new web site for Steiner Log Homes with photos: http://steinerlogcabins.com/index.php?name=coppermine

What ever type of property you're looking for I have been working with buyers for 22 years and am well aquainted with what is available. Be sure and send me an email and I can help you find your  dream home or cabin. [email protected]

Market Forcast

by Liz Warren

November 3, 2006

 

MARKET CONDITIONS

 

THE NATIONAL ASSOCIATION OF REALTORS

REPORTED THAT RESALE PRICES SLIPPED TO

$220,000 ON MEDIAN HOME SALES.    THIS SLIDE

IS 14.2% LOWER THAN A YEAR EARLIER.

 

NATIONAL HOUSING MARKET OUTLOOK

 

Fixed mortgage rates

6.3% to 6.4% for the rest of 2006

6.7% by the end of 2007

6.8% by the end of 2008

 

SALES OF EXISTING HOUSES

Down 9% for 2006 over 2005

Down 8% for 2007

 

SALES OF NEW HOUSES

Down 18% for 2006 over 2005

Down 8% for 2007

 

Appreciation of existing houses 2.5% for 2006

Source: Mortgage Bankers Assoc., Oct. 24 forecast

Displaying blog entries 731-737 of 737

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Liz Warren
Merit Properties Group - Keller Williams Realty PDX Central
Box 131
Welches OR 97067
Direct: 503-705-3090