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Displaying blog entries 211-220 of 353

Mt. Hood Area Inventory Levels

Monday, May 21, 2012
by Liz Warren

The Portland Metro area inventory is at a five year low according to the multiple listing service. Month supply of home for April was 4.7 months. This is the buzz about "listing inventory" shortage in Portland.  Take a look at Grant and Wallowa County though with over three years of inventory to sell. Yikes! 

Mt. Hood Area inventory of residential homes are at a 13 month level. Lots of inventory to choose from and to take advantage of these historically low interest rates!

Oregon county inventories

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Market Action for Mt. Hood Area April 2012

Thursday, May 17, 2012
by Liz Warren

The recent Market Action from the Portland metro real estate service has shown that the number of sales for the year is holding steady. For the third month in a row sales are in double digits for the mountain! April saw 10 total sales for the month. The biggest surprise is that half of these sales were condos. 

Mt. Hood April 2012 real estate sales

 

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Mt. Hood Shadow Inventory

Thursday, May 3, 2012
by Liz Warren

Every wonder about how much "shadow inventory" is on our mountain? Realty Trac, who tracts foreclosures nationally, says Oregon has 19 months of bank owned inventory that has not hit the market. Nationally the number is closer to 16 months. A recent article on Oregon Live, the Oregonian paper on line, presents an interactive map of the greater Portland area by zip code with numbers of foreclosures.

Interactive map of foreclosures by zip code. Check out 97049, 97028 and 97067.

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Collins Lake Condo Sales for Government Camp

Thursday, April 19, 2012
by Liz Warren

Two recent Condo sales in Government Camp's Collins Lake are showing prices may be stabilizing a bit. Recent foreclosure sales dipped as low as $158,000 over the past year but two recent sales this past couple of week show there's demand. The last foreclosure listed received multiple offers (final price was $225,000)  for the interior end unit. Both were financed with conventional loans with sales prices of $225,000 and $280,000!

 

Collins Lake Condo sales

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Camp Creek Cabin Just Reduced

Monday, April 16, 2012
by Liz Warren

Stunning setting sitting right on Camp Creek has just been reduced $10,000! Located in the Mt. Hood National Forest on leased land, this Mt. Hood gem has one of the top locations on Camp Creek and only steps to the water. Large knotty pine living room, cozy built in eating area, loft upstairs for sleeping and a bonus bedroom too. Relax on your deck and listen to the river! Reduced to $145,000!

Take the Camp Creek Cabin Tour

Play VisualTour

 

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Market Statistics for Mt. Hood Real Estate Sales March 2012

Sunday, April 15, 2012
by Liz Warren

Numbers are out from the Regional Multiple Listing Service for the Mt. Hood Area. March 2012 statistics are listed in this chart: New listings are coming on the market fairly quickly as we foresee a very competitive summer coming up this year. Pending sales are way up from a year ago likely reflecting the investors and second home buyers scooping up great homes with incredible prices. Market times are still quite long with 182 day averages for current month sales. With Mt. Hood foreclosures making up 50% of sales this month, the impact on pricing will be downward with more foreclosures hitting the market this year. Oregon has 12.5 months of shadow inventory to get through. (see below RMLS chart)

Market Snapshot for Mt. Hood real estate sales March 2012

 

Oregon Months of Shadow Inventory

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March Sales Numbers are in for the Mountain Area

Thursday, April 12, 2012
by Liz Warren

Market statistics are in from multiple listing service for area 153 which covers Government Camp, Welches, Rhdodendron and Brightwood. March was a very active month for closed sales totaling 12 sales. Fifty percent of those sales were foreclosures. Take a look at the numbers from NAR. In February the national percentage of distressed sales was hovering at 34%. As the backlog of foreclosures enter the market this year it's likely the national number will go back up towards 40%. Mountain sales for the month are listed below this graph.

Distressed sales Nationally

Twelve sales. Five were cash and two purchases were USDA loans. This would be homes for primary home use and income limits to qualify for this type of loan. 

Mt. Hood Area Real Estate sales for March 2012

 

 

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Mt. Hood Cabin Sales

Monday, March 19, 2012
by Liz Warren

Mt. Hood National Forest Cabin sales hit a total of five over the past four months. Despite the colder weather of winter we saw buyers ready to purchase, mostly with cash, in todays Mt. Hood real estate market.  Many of these national forest cabins had been for sale over a year so the pricing points were finally hitting the area where buyers were ready to take action. Mt. Hood cabins are located on leased land and are not available for traditional bank financing. Tightening of credit had pinched off some alternative sources of cash for buyers of these charming cabins. Although prices for sellers have taken a big hit like all real estate, a Mt. Hood cabin is a wonderful choice for a second home on Mt. Hood. The pristine settings on Zig Zag River, Camp Creek or Still Creek in Rhododendron and the Government Camp area make for a wonderful natural setting for a getaway.

More information on Mt. Hood Cabins in the Mt. Hood National Forest

Here are the sales:

Mt. Hood Cabin sales

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Market Statistics for Mt. Hood Real Estate Sales in February 2012

Saturday, March 17, 2012
by Liz Warren

The local multiple listing service has just released statistics for sales in the Mt. Hood area covering Government Camp, Welches, Rhododendron and Brightwood. This sales chart gives cumulative information from this year compared to last at the same time. It also shows how many listings are on the market and how many sales occurred this month, days on market and other information. 

Mt. Hood Real Estate Sales Chart For February 2012

​Great news in that the number of pending sales are up 240%! 

 

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Mt. Hood Real Estate Sales for February 2012

Friday, March 16, 2012
by Liz Warren

The multiple listing service has just released the Mt. Hood real estate sales information for the month of February 2012. This sales area covers Government Camp, Welches, Brightwood and Rhododendron. A huge improvement over January's numbers brought a total of ten sales for the month!

​Sales included three foreclosures, two forest service cabins, and one Government Camp home.

Here are the ten properties to close:

Mt. Hood real estate sales for February 2012

Sales are increasing in numbers and this should bode well for sellers this year. Prices in our area have not stabilized nor increased.

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Displaying blog entries 211-220 of 353

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