Displaying blog entries 781-790 of 836
The Portland Metro RMLS has just released the market stats for October 2009. Our area from Rhododendron, Government Camp, Brightwood and Welches saw a total of nine sales close this month. This brings total mountain sales up to a total of 77!
October sales were a mixed bag of sales. Two foreclosures closed and two forest service cabins on leased land. A big surprise were the upper end properties which closed this month. After a major drought and tightening of financing over the past year a few came to fruition. One of these properties had been for sale nearly FOUR years.
Government Camp totaled three sales as folks were gearing up for this winter of skiing! The number of second homes selling this month show improving economic conditions!
Here are the sales for October
Here are the latest numbers out today for the Case-Shiller Home Price Indices:
Bottom line: nationally, we are around a 30% decline from the peak of the market.
If you are a buyer looking for mountain properties, take note on the following information and why this is a great time to purchase.
*The economy is improving so super low prices may be coming to an end.
*Federal bail out and tax credits are coming to an end.
*Inventory is slowly getting absorbed with less choices for buyers.
*Affordable homes are the most competitive price range
*Interest rates are still low but if they go up you will loose purchasing power.
The Clackamas County Tax Assessor's Town Hall Meeting will be Novemeber 7. 2009 at 1:30 to 3:00 PM. to answer your questions about property taxes. The meeting will be held at the Hoodland Community Center at 25400 E. Salmon River Road, Welches.
Put your seatbelts on. The property tax bills are coming. Welches, Brightwood, Government Camp and Rhododendron and all Oregon Trail School District property owners are putting funds towards the long overdue high school which has been sorely needed for over fifteen years. Before your head hits the floor and the smelling salts are out you may want to read this Clackamas County Press Release for an explanation of why the taxes are going up substantially.
It's too bad by delaying the inevitable need for so many years the costs have increased substantially for the new high school project.
Read about the bond funds for the school district.
July and August pending sales proved to be substantial for the year with the biggest number of closings to date in September. It's been over a year since we have seen a monthly total of fifteen sales! Although there were none in the over $400.000 range, there were a few in the $300,000 area. Only one forest service cabin closed after the August flurry of sales. On a very positive note, only two of the fifteen sales were bank foreclosures.
Media reports indicate the third quarter of 2009 saw the greatest number of foreclousre filings yet. We are fortunate that the numbers of foreclosures have not hit levels in other states from 50 to 80% of their entire sales numbers.
Here are September's sales:
The multiple listing service has recently published their September sales statistics. Here are the numbers for the mountain:
Daylight is burning!!!!
Looking for that first home? Time is running out to take advantage of the $8,000 tax credit. Many sales are taking six to eight weeks to close. In order to get the credit by the dead line, you need your home to close by November 31, 2009!
Selection is great and you can't beat today's interest rates!
Here is more information on the first time buyer tax credit.
August Sales were WAY UP compared to any other month this year! A total of 14 sales for the month, seems like the number is almost normal for a typcial August on the mountain. Mt Hood National Forest cabins saw the largest segment of sales with five for the month! Four properties were under $100,000 in price. A couple were taking advantage of the first time home buyer plan with the $8,000 credit. September numbers look pretty good too with seventeen properties pending from Government Camp, Rhododendron, Welches and Brightwood.
Displaying blog entries 781-790 of 836
