Median Price and one year Price Growth for Portland Metro Area-2nd Quarter
Wednesday, September 28, 2011
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Foreclosures and Short Sales on Mt. Hood
Tuesday, September 27, 2011
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 Recent Home Sales for Mt. Hood
Saturday, September 17, 2011
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.
Mt. Hood Real Estate Market Statistics for August 2011
Thursday, September 15, 2011
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.
Oregon Median Sales Price Vs. National Average
Thursday, September 15, 2011
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.
Government Camp Real Estate Sales
Monday, August 29, 2011
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:
Mt. Hood Real Estate Sales from Market Action-RMLS
Tuesday, August 16, 2011
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.
Mt. Hood Sales Numbers for July 2011
Sunday, August 14, 2011
Sales numbers are in for the Mt. Hood real estate sales for July 2011. A flurry of activity is occurring in August so sales numbers should be up into September and October as pending sales get to closing. The late summer weather may have compressed activity into a short time frame. Time will tell.
Eleven sales in Government Camp, Welches, Brightwood and Rhododendron for the month of July brought in the greatest numbers of this year.
The break down in numbers:
Six foreclosures or short sales
Five creek or riverfront sales
NAR reports on Sales for 2011 compared to 2010 for Portland Vancouver areas
Saturday, August 6, 2011
This graphic comes from NAR, the National Association of Realtors. It shows how the Portland-Vancouver metro area compares to last year at this time. You can see the number of listings available has declined nearly 30% compared to 2010. Could this mean sellers are waiting out this market?
This is not true for the Mt. Hood area market in Brightwood, Welches, Rhododendron, and Government Camp. This market is flush with homes, cabins and condos and a buyer's dream. Rates have never been this low coupled with a fantastic selection of properties, it's a perfect time to purchase!
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