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Government Camp Condo Sales

Saturday, January 31, 2009
by Liz Warren

Many condos have hit the market in Government Camp with a total of twenty one currently for sale. This is a lavish amount of inventory to choose from! The majority offered are in the Collins Lake complex. This was the flagship project that spurred the Government Camp revitalization project into orbit and offered a massive amount of pent up demand for Government Camp affordable and "easy to use" units. Prior to this project there was few single family homes for sale and minimal condos on the market in Barlow Pass West, Edelweiss, Golden Poles, Thunderhead and Sno Bird Village. These were all small scale units compared to the newer Collins Lake project.

Multiple listing service of Portland shows one sale over the past three months for Condo units. This one was in Edelweiss in the heart of Government Camp and sold for $310,000.

If a condo is on your to do list this year, it's an excellent time to take advantage of low interest rates!

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Government Camp Alpenglade Home

Monday, January 26, 2009
by Liz Warren

Opportunity knocks in this ski mecca of Government Camp. An Alpenglade home just hit the market! Located in one of the most sought after subdivisions in Government Camp, this is a rare opportunity to purchase in the heart of ski country ony 75 minutes from Portland!

This is a great home with a super floor plan for a vacation home. There's three bedrooms, two baths, and a huge family room downstairs. High vaulted ceilings are in the main living room area with an open living room, dining room and kitchen. A huge woodstove sits in a tiled hearth to warm the toes after a big day skiing.

A laundry room sits off the kitchen and the master is on the main floor! Walk upstairs for two additional bedrooms and a bath. The slider off the main living area takes you to a massive deck for summertime barbeques. What a location! The back side of the property borders Mt. Hood National Forest and the South side of the lot has common area with a creek. Across the street is more common area too.

Fully plowed in the winter time, the roads are easy to navigate and there are parking areas for your guests. The home has an attached oversized single car garage too.

There are three major ski areas close to Government Camp. Forget that weekend drive back and forth from Portland. This is the perfect landing spot for year round recreation!

$460,000

Take a tour here

 

 

 

 

 

 

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Hackett Creek Cabin

Sunday, January 18, 2009
by Liz Warren

Here is a little gem in the woods on Hackett Creek! Originally built in 1928 it has been refurbished and now is a nightly vacation rental. Warm wood walls and floors with vaulted ceilings make this a big favorite because of it's mountain charm and its wonderful location on Hackett Creek.

Sit on your private deck and watch the fish swim by or enjoy the tall firs and cedars from your windows. The fireplace has a toe warming propane insert. Pull up your chair and bring out your favorite weekend book!

Two bedrooms are upstairs plus a mini kids loft off of one bedroom. A full equiped kitchen complete with a built in bench for eating is a great bonus.

I love the french doors that open up to the deck! The bathroom is large for a cabin of this age. It even has a washer and dryer. The cabin sits on a third of an acre and has a shared well with the neighbor and is on septic.

Take a tour of the cabin here.

The location is in Rhododendron. It's only one hour from Portland and 20 minutes to the nearest ski areas. If you love to hike, you have the entire Mt. Hood National Forest near by.

 

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2008 Numbers

Saturday, January 17, 2009
by Liz Warren

The chart below tells the story of the 2008 sales numbers compared to 2007. These numbers tell the story of sales from Government Camp, Rhododendron, Welches and Brightwood.

Pending sales for the year were down 21% from the year before and total sales declined 10.5% from 2007. Total residential sales closed hit 117 and land sales totaled 8 for the year. There were 358 new listings last year. Doing the rough math a seller had a 33% chance of selling their property last year in general but there were definate segments of the market that did better than others. The median sales price was $234,000.

As job losses mount and prices keep declining, approximately 20% in major metro markets, 2009 will be an interesting year.

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Timberline Rim Home Sales

Monday, January 12, 2009
by Liz Warren

There are currently sixteen homes for sale in the Timberline Rim subdivision near Brighwood and Rhododendron. The lower end starts at $183,000 and the high end sits at $322,000.

The past six months has seen a total of nine sales. All are $240,000 and under. Several were foreclosures. Here are the sales over the past six months:

Timberline Rim is one of the most populated and popular subdivisions on the mountain. It's a great place to live with low association fees and many amenities. It's located right along the Sandy River with access to trails, picnic areas, a swimming pool, tennis courts plus a recently updated lodge and business office.

Originally developed in the late 60's it is nearly completely built to full capacity. Paved roads with sewer and water make this a low maintenance living location. Homes range anywhere between $180,000 to over $500,000.

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Mt. Hood Foreclosures and Short Sales

Monday, January 12, 2009
by Liz Warren

What are predictions for the 2009 market on Mt. Hood? Well, it isn’t easy to come up with a steadfast answer on this one. Nationally many experts are predicting things will turn around in the second half of the year.

The Case-Shiller pricing index tells us that in at least 20 metro areas prices are currently at March 2004 levels- down about 18%. More foreclosures than 2008 will hit the market due to adjusting adjustable mortgages. We are seeing a few foreclosures and short sales hit our mountain market.

Here is a short sale that popped up today. Five acres of land, which typically can’t be found for under $200,000 with a large home for less than $500,000

 

The greatest percentage of sales in our local market is the second home sales. As discretionary income for this purchase, folks have the option to wait and buy at their leisure. Considering the limited amount of land the mountain has to offer for ownership, there couldn’t be a better time to take advantage of this inventory with future population impacts coming to the Portland metro area.

Historically we usually don’t see the unique combination of low home prices and low interest rates so this is an exceptional time to invest in the mountain. Typically interest rates are higher when home prices are low and some buyers are recognizing this fact.

Keep checking back to see how this year unfolds!

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How Are Land Sales on Mt. Hood?

Sunday, January 11, 2009
by Liz Warren

How were land sales on Mt. Hood over the 2008 year? Well, slowing to a snail's pace for the second half of the year! Sales totaled eight from Government Camp to Brightwood. Two sales closed in Government Camp with a high of $258,000 and the other at $186,900. As the economy went into a slump starting in July, there has been only one land sale for the second half of 2008.

There is only one pending sale for land in area 153. This is a Summit Meadows lot listed at $75,000 and well covered by tons of snow at the moment.

There are 43 parcels and lots currently offered for sale in our area! There are motivated sellers out there and deals to be had. Take advantage of today's opportunities and get your lot before they are all gone. With Portland's increasing population coming, there won't be any land left to purchase so now is the time to make your investment!

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November Mt. Hood Sales

Saturday, December 13, 2008
by Liz Warren

The numbers are in for sales in the Mt. Hood area from Government Camp, Welches, Brightwood and Rhododendron.

 

 

As you can see, as the stock market crunched downward this fall, the number of sales are reflected in November sales totaling five.

Lots of investors across the country have pulled money out of the stock market and are investing their cash in real estate. We are not seeing as much of that trend here locally but it is happening in other parts of the country. Baby boomers are helping their kids get their first homes and vacation homes are also in the mix.

We are looking forward to this trend to hit our area soon!

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Residential Sales For October on Mt. Hood

Monday, November 3, 2008
by Liz Warren

Are we glad October is over? What a wacky month! Between the fluctuating stock market and election news I am more than ready for November!  The weekend rain has done a good job of knocking another third of the leaves down for yard clean up. I am having my ususal fall back transition issues  and getting my internal clock adjusted. What the hec  am I'm doing up this early? I don't know.

So, here are the numbers! These are the sales for October for Government Camp, Welches, Rhododendron, and Brightwood:

The good news is that Government Camp had another sale over $500,000! This market has been hard hit with few sales of single family homes in the upper price range.

One forest service cabin closed this month. This segment also has lots to choose from and less buyers making it quite competitive. New lease fees are coming up this January so we will see what the increase does to inventory at that time.

Ok, it's on to November and election night is tomorrow. Hopefully once this is settled things will loosen up a bit.

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Forest Service Cabin Inventory Is Up

Wednesday, October 29, 2008
by Liz Warren

The hidden jewels in the Mt. Hood National Forest are these forest service cabins. Scattered along rivers and creeks in the pristine Mt. Hood forest you can find these special cabins. Many were built in the 1920's and 30's as summer cabins for Portland residents.

Here is the current inventory right now. These cabins are mainly in the areas of Government Camp and Rhododendron. For additional details, send an email or call me.

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Displaying blog entries 331-340 of 353

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