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Mt. Hood Buyer Alert

Saturday, August 22, 2009
by Liz Warren

Ok, now is the time to make your move to purchase on Mt. Hood. In the past week we have seen 22price reductions alone on Mt. Hood inventory from Government Camp, Welches, Brightwood and Rhododendron! Sellers are getting even more motivated to get their property sold, sooner, than later! The rush is on for first time home buyers to use that $8,000 tax credit which is about to expire.

Interest rates are the lowest we've seen in the past three months.  So, is this the time to jump in and take advantage of the incredible inventory, low interest rates, and super home buyer credits from the Feds? You bet it is!

 

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Mt. Hood Area Sales For July 2009

Saturday, August 15, 2009
by Liz Warren

July Mt. Hood property sales followed the trend of the past six months with five sales closing in July. These sales were in Brightwood, Rhododendron, Government Camp and Welches.

Here are the numbers straight out of the Market Update distributed by the Portland multiple listing service.

Although there were only five sales closing in July, there was a definitive market change with buyers as we saw the middle of July and into the beginning of August. You can see this reflected in the pending sales, listed at 20. August closed sales should see the greatest number of the year. There has also been a boost in the inventory with 30 new properties to hit the market in July.

Below are the five sales in July. These are somewhat all over the place with one Condo, a manufactured home, two vacation properties and one foreclosure on the Sandy River. Two years ago that forecloser had sold for $300,000 plus but as a foreclosure it is sellilng at $180,000. There were multiple offers on this property.

Numbers for August sales should skyrocket with the number of pendings. Continued low interest rates and a huge inventory of homes make this a premium time to get that Mt. Hood property.

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Government Camp Ski Cabin SLASHED $20,000!

Wednesday, July 22, 2009
by Liz Warren

Government Camp Ski Cabin>>>>>price slash of $20,000. Asking price is now $380,000!!! Turn Key Ready for SKIING!!!

See the inside!!!!

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Mt. Hood Increased Pending Sales

Tuesday, July 21, 2009
by Liz Warren

Ok, I'm seeing some life in the embers! Just over the past week there appears to be more activity with buyers possibly getting "off the fence" a bit. Interest rates went down again, the stock market puffed up a bit, and the weather is fabulous, piles of homes to choose from, does this mean the dam has a crack in it? Mt. Hood homes and land have the highest inventory we've ever seen so if you've ever thought about buying on the mountain, opportunity is knocking!

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Mt. Hood Foreclosures

Sunday, June 14, 2009
by Liz Warren

We are reading daily about the increasing numbers of foreclosures hitting the market. Take a look at the Mt. Hood area sales since January 1, 2009 for Rhododendron, Government Camp, Welches and Brightwood. There have been 31 total sales and I uncover 2 foreclosure sales and 3 third party approvals or "shortsales". That's about 16% of sales for the Mt. Hood area so far this year. In comparing our area to others our foreclosures and shortsales are substantially lower.

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What about Sandy Oregon Sales?

Saturday, June 13, 2009
by Liz Warren

Nationally 50% of home buyers in the first quarter of 2009 were first time home buyers and nearly half of sales were foreclosures and short sales. Take a look at Sandy Oregon's sales for the past six months. You'll find of the 103 total sales for residential properties 83 were under $250,000. If this isn't affordability, I am not sure what is! The $8,000 tax credit is helping a lot of buyers get into their homes.

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What sold on Mt. Hood in May 2009

Saturday, June 13, 2009
by Liz Warren

Cash is king. Of the seven sales in May, four were cash transactions, two were seller held contracts and one was a conventional loan. The banks are a necessary evil in completing most primary home transactions but when it comes to second homes, which the majority of our transactions have been in May, cash is king.

Three Mt Hood National Forest cabins changed hands. Two of those sales were owner contracts since conventional financing is not possible on leased land. I expect we will see more seller held contracts for forest cabins in the future.

One Collins Lake Condo changed hands, which is amazing since the entire project is shut down for major reconstruction after the law suit was settled!

Here are the details:

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Mt. Hood 2009 May Sales Numbers

Saturday, June 13, 2009
by Liz Warren

The recent market action from multiple listing service is out and here are the numbers:

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Looking for Mt. Hood Foreclosures?

Wednesday, June 10, 2009
by Liz Warren

Here are current offerings as of 6/10/09

Call or email for details

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When to Buy a Home on Mt. Hood

Wednesday, May 27, 2009
by Liz Warren

When is the perfect time to purchase on Mt. Hood? Well opportunity is knocking on your door RIGHT NOW! Check out today's market cycle. Many people purchased in 2005 and 2006 at the top of the cycle but now we are in the low risk segment. We have plenty of properties to choose from, interest rates that are the lowest in decades, and anxious sellers. The combinations couldn't be better to make that investment now!

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Displaying blog entries 751-760 of 793

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