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Portland Metro Price Trends from NAR Impact Mt. Hood Second Home Market
The Portland metro price trends impact the majority of our second home market for many reasons. Primary home equities are a main source of down payments for second homes in our area. As this chart shows, the metro area has lost a lot of that buying power and this has caused pricing pressures on the mountain inventory.
Hood to Coast This Weekend!
Locals and Mt. Hood visitors, get ready for Friday and the huge invasion of Hood to Coast runners (thousands) and vans as they head up to Timberline Lodge in Government Camp, the official start of the 31st, Mother of All Relay Races, Hood to Coast Relay. This is the biggest relay race in the world with people coming from all over the country and the world to participate. From Government Camp the runners meander through Rhododendron, Welches and Brightwood.
Here is the route from Timberline to Seaside! Enjoy the show!
Mt. Hood Real Estate Sales for July 2012
July 2012 was keeping pace with the rest of this year with twelve closed sales for the month. Number of sales are still high and rolling through this inventory at a good clip. Once this large amount of inventory is gone pricing will finally stabilize and appreciation may some day return to the mountain! Four of the sales were distressed meaning foreclosure or short sale. Nationally distressed sales are down to about 25% of inventory.
Mt. Hood Inspiration
Hit the coffee below for some Mt. Hood Inspiration.
Camp Creek Cabin, Just Reduced
Charming three bedroom, one bath cabin with updated kitchen and an open style great room is great for family and friends. Nice stone fireplace with woodstove insert and a brand new oil heater too! Sit on your deck and watch the creek. Just reduced to $147,500!
Morning Coffee
Hit the coffee below for some Mt. Hood inspiration.
Displaying blog entries 1-8 of 8
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