Displaying blog entries 231-240 of 353
Real estate sales for Mt. Hood were excellent in September with nine closings for the month. These sales were likely put together in July and August for a September closing. Here are the numbers from the multiple listing service showing year to date results for Government Camp, Welches, Brightwood, and Rhododendron.
One of the more popular Condo projects in Government Camp are the Collins Lake condo units near the heart of downtown Government Camp. Many owners love the ease of driving up to the mountain on a snowy day and pulling in to their garage, walking upstairs, and relaxing in front of the fireplace for a low maintenance, easy winter getaway at the base of Mt. Hood.
Two Collins Lake condo units have sold over the past month and a half. One was a foreclosure and the second was bank financed. Here are the details. Sales prices $168,000 for the foreclosure and $208,500 for the non-distressed sale.
Ever wonder about what percentage of total sales are foreclosures or short sales in Welches, Government Camp, Rhododendron and Brightwood? As of today there have been 69 sales on the mountain. Twenty five of those sales were REO/bank owned properties and four were completed short sales. That's a total figure of 42% of total sales.
Foreclosures and Bank Owned Properties on Mt. Hood
How does the Portland Metro area compare to our area? Here are numbers for the first two quarters.
Timberline Rim, located in Brightwood and Rhododendron, is one of the largest and more popular subdivisions in the Mt. Hood area for real estate. It sits along the Sandy River and has many amenities including a pool, which is open in the summer, tennis courts, an office, and a lodge for meetings and parties. There are even movie nights for kids and community parades. Low association fees ($175/yr.) make Timberline Rim an attractive place to live.
Looking over the past six months of mountain sales, seven properties closed in Timberline Rim. The selection of homes for sale in this subdivision is good at this time.
Market Action from RMLS provides real estate market statistics for the Mt. Hood Real Estate area market including Welches, Government Camp, Rhododendron and Brightwood for August 2011.
We have good news and bad news. The good news is for the month of August pending sales were up 133% compared to August of 2010. The bad news is the marketing time for the sales in August was 275 days. Year to date our average sales price change is down nearly 14%. That is nearly two times the Portland metro median price decline average compared to 2010.
This chart shows current numbers for Median Sales prices in Oregon for Portland/Vancouver/Beaverton area. Nationally the prices have slipped -2.8% and "the West" down -3.1% but the Portland metro area prices hit -7.5%. the Northeast is the only section of the country with higher median prices.
Inventory is up in the Government Camp area. Sixteen condos and thirteen detached single family homes are currently for sale. Skiers have a multitude of choices for this season! Here are the most recent sales in the area over the past four months including two lot sales:
Here is a recent chart of activity comparing last year to this year in our Mt. Hood real estate area from Government Camp, Welches, Brightwood, and Rhododendron. This is direct from RMLS reflecting activity in July 2011.
Comparing 2010 to 2011 pending sales are down 45%. Our average sale price, year to date, is down 11.1%. This figure doesn't give much of an indicator though due to so little data. Closed sales by the end of July for the mountain hit 49. This is really surprising considering the incredible interest rates available. Now is the time to buy on the mountain with plenty of inventory and excellent rates for great affordability.
Displaying blog entries 231-240 of 353
