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November Sales Number 18 - Record Breaker for 2012!

Sunday, December 16, 2012
by Liz Warren

Market statistics have just been released by multiple listing for the month of November.  We’ve had the highest number of sales since the beginning of the year and nearly double last months numbers! With eighteen Mt. Hood sales, this is a record breaker! The average sales price for the month is $156,300 showing a lot of sub $200,000 homes have sold during the month.  As far as the numbers go, we are nearly up 20% over 2011.

Sales for November 2012

 

 

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Consistent Numbers of Mountain Sales for Fall 2012!

Wednesday, November 28, 2012
by Liz Warren

It's been an active fall for sales in the Mt. Hood area. Here are the market action stats for this past October. As November is quickly coming to a close we expect current trends to continue in a postive manner. 

RMLS market action shows that pending sales are up 66% for the month of October. There are 25 pending sales currently in RMLS . Part of this high number of pending sales are short sales waiting for approval from lenders and they carry over for months. This could definitely give a false sense of a realistic view of the market.  The good news is that by the end of October we have as many sales as we had in 2011. We will likely see an increase of 20% in number of sales over last year by the end of this year.

The eleven sales show average marketing days as 315! Plenty of inventory shows we have not come close to a buyers market yet. The monthly cost to purchase today is incredibly low historically. If you are looking to purchase on the mountain today's inventory has a lot to choose from! Check out the stats below!

October 2012 chart of sales year to date

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Mt. Hood Area Distressed Sales

Tuesday, October 30, 2012
by Liz Warren

How are mountain properties shaping up in the distressed property department?

96 residential sales as of 10/30/2012

23 Bank Owned

6 Short Sales

30% are Distressed sales on the mountain

Here is an info chart for distressed sales in the Portland metro area.

Portland Metro distressed properties

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September Mt. Hood Sales Slightly Down

Tuesday, October 16, 2012
by Liz Warren

This year has seen a huge increase in sales so far! The nine closed sales for September are listed below. The majority of these purchases were for second homes. Buyers are taking advantage of these lowest ever interest rates and getting their mountain getaway. Sales included two forest service cabins and two Government Camp rec homes!

Mt. Hood real estate sales for September 2012

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September Mountain Sales Were Slightly Down

Monday, October 15, 2012
by Liz Warren

Mt. Hood Sales for September 2012

Here are the numbers straight from multiple listing service of sales for September 2012. Although slightly down with eleven closed sales, this had been a banner year for the highest "number of sales" in nearly 5 years! After sales increase in numbers we will eventually have some price stabilization.

It's still a buyer's market for the mountain with all residence, including condos and manufactured homes hitting a 13.4 months worth of inventory. It's the perfect time to get that second home in the Cascades!

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Mt. Hood Area Sales in August 2012 top 11

Monday, September 17, 2012
by Liz Warren

Good news for mountain real estate. August numbers are consistent with most of the year monthly numbers with eleven sales for the month. From Government Camp to Brightwood, the numbers are good. Here's what sold for the month of August. Three forest service cabins closed this month, a record number for the year. 

Mt. Hood Real Estate Sales for August 2012

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Mt. Hood Real Estate Sales for July 2012

Tuesday, August 21, 2012
by Liz Warren

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. 

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Camp Creek Cabin, Just Reduced

Monday, August 13, 2012
by Liz Warren

Camp Creek Cabin

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!

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Mt. Hood's May Market Action Numbers for Sales

Sunday, June 24, 2012
by Liz Warren

The market action provided by RMLS brings May active, pending and sold statistics for the Mt. Hood area. The past month brought a huge number of properties to the market, nearly 25% of inventory came on this month and June will likely tell a similar story. Many sellers waiting for the market to improve have come to the dance floor. Ten closed sales for the month shows a continuing trend for sales numbers to beat out 2011 but prices have still not gone up due to the amount of inventory currently for sale. Number of days on market is up to 261.

Mt. Hood May Market Action for Real Estate Sales in 2012

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Mt. Hood Area Real Estate Sales for May 2012

Sunday, June 17, 2012
by Liz Warren

May real estate sales on the mountain are consistent with the past several months. Ten sales of  properties have now given a total of 46 sales since the first of the year. Numbers of sales each month have been fairly consistent giving an average of nine sales each month! Plenty of inventory to choose from and with unbelievable 3.75% interest, this is the Primo time to buy in history!

Lets take a look at May's sales. Four of the ten were either bank owner or short sales. Good news in that two sales were over $300,000. There's been more interest in the higher price ranges. Since we are quickly approaching our premium selling summer season I expect the next several months to produce even higher numbers of sales baring any negative economic news.

Mt. Hood Area Real Estate Sales for May 2012

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Displaying blog entries 201-210 of 353

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