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Mt. Hood Real Estate Sales for January 2012

by Liz Warren

The multiple listing service has just released the year to date chart for Mt. Hood home sales for January 2012. A recent Mt. Hood blog post showed a total of four sales for the month. From this same time last year pending sales are down around 16.7%. Don't be deceived by the average sale price for home sales in the Mt.Hood area, the data makes this an unusually high number in my opinion.

Mt. Hood Real estate sales for January 2012

Mt. Hood Real Estate Sales for January 2012

by Liz Warren

January 2012 numbers for the Mt. Hood real estate sales have just come in. After a booming fourth quarter in 2011 it looks like we've dropped down substantially in number of closed sales. The first two listed sales are Mt. Hood foreclosures. The third sale located in Brightwood on the Salmon River closed at $195,000 with an original listed price of $275,000 in 11/2010. This cabin had a premium location with a full view of the river. The last property listed was new construction in Government Camp. Anyone who has tried to obtain a new construction loan knows how difficult that process is to get through. Although marketed as a spec home in Government Camp, this property was custom finished to the buyer's tastes.

The majority of the homes in the $500,000 plus price range in Government Camp are not brand new but 10-20 years old. See the current selection of Government Camp homes for sale. foreclosures make up nearly a third of currently pending sales in the Mt. Hood area. Investors are swooping in to purchase in Government Camp-mostly Collins Lake condos, Welches and Rhododendron.

Mt. Hood January 2012 real estate sales

 

The numbers are in for Mt. Hood sales for December 2011. A rousing 12 total sales for the month making the fourth quarter of 2011 (33 sales!) one of the largest in number of sales for many years. Lets take a look at what sold in December.

BIGGEST NEWS is that Condo sales ruled the roost. Five units closed in December! Four of these condos were foreclosures giving big savings to buyers in the market. Two condos at the Fairway Estates at the Resort at the Mountain in Welches closed.

Government Camp had some serious action this month with one partial ownership (the first property listed below) sale, one Collins Lake condo at the lowest price we've seen yet  at $159,500. There was an unbelievable foreclosure price of $319,000 at the the luxury Grand Lodges complex.

Mt. Hood area real estate sales for the month of December 2011

Mt. Hood Area 2011 Real Estate Sales Information

by Liz Warren

Real estate agents are optimistic with the number of recent sales for the fourth quarter of 2011 bringing a total of 33 sales! The entire year produced 105 sales on the mountain stretching from Government Camp all the way down to Brightwood. Twenty eight percent of sales this year were distressed. The average sales price has decreased by 7.2% from 2010.

2011 Market Action end of year numbers for Mt. Hood Area

Our multiple listing service has recently produced the statistics on the sales for Government Camp, Welches, Brightwood and Rhododendron for the month of November. Published monthly: here is how the numbers fell:

Mt. Hood Sales for November 2011 by multiple listing service

 

Compared to 2010 the pending sales were up 33% in 2011! There's currently 17 pending sales today that may get pushed into 2012. No doubt about it the second half of 2011 came on strong compared to the minimal sales at the beginning of the year. 

Looking for the number of Mt. Hood real estate sales for November 2011? The latest numbers are in for the month. Although not as strong as the last two months, there are still many pending sales in the pipeline. Pending sales are meeting many challenges from difficult financing to low appraisals. Here are the November sales:

Mt. Hood Real Estate sales for November 2011

Home Sales Chart Comparing Years

by Liz Warren

Home sales chart from NAR showing year 2005 to 2011

Mt. Hood Market Stats from RMLS for Mt. Hood Area October 2011

by Liz Warren

 

Mt. Hood market stats from RMLS for October 2011

Mt. Hood Real Estate Sales for October 2011

by Liz Warren

Here are the sales for October on the mountain from Government Camp, Welches, Brightwood and Rhododendron. A total of 13 sales for the month brought an excellent month of activity. Believe it or not, FIVE Mt Hood National Forest cabins sold this month, the most for the entire year. Only one foreclosure in the bunch, although more are coming on the market! The balance of the properties were spread out over all four areas including one sale in Government Camp and one in Timberline Rim. I suspect November numbers will be comparable. Activity and historically record breaking interest rates present THE BEST buying opportunity in our lifetime! Make this the ultimate time to make your Mt. Hood real estate purchase!

 

Mt. Hood Real estate Sales for October 2011

Mt. Hood area September Sales for 2011- Nine Sales Closed!

by Liz Warren

September produced a bumper crop of sales. Although four of these properties were foreclosures, the rest were scattered throughout the area. Several were USDA loans for full time resident homes. This is a government loan like FHA except there are income restrictions and area restrictions. Our entire area qualifies for this program. Four sales were cash purchases.

Mt. Hood area sales for September 2011

Displaying blog entries 221-230 of 353

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