Which real estate market has seen a surge in 2014? I would have to say it's the Government Camp Condo market so far this year. Since January, Government Camp has led the way in the majority of sales over $300,000 on up for the Mt. Hood area real estate market. Out of the 23 sales so far this year over $300,000, thirteen of those sales have been in Government Camp and the majority of those are condo sales.
Leading the pack is Collins Lake of course. Equities have risen steadily with the improved market putting many sellers who purchased during the bubble back in the black so they can sell if they wish.
There were even two Grand Lodges sales so far this year with prices coming in at $495,000 and $569,000. The financing woes are over as comparable sales are plenty and the anxiety of getting condos to "comp out" for financing is gone.
Back in 2009 Government Camp only had eleven sales for the entire year! As skiers and boarders arrive for summer, and they seem to be here early with lack of snow in many areas of the country, we expect the summer market to pick up even more so we are gearing up for a big summer of sales. I expect this year to be the most sales we have seen since 2007.
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