Winter Real Estate Market on Mt. Hood
Sunday, November 22, 2020
Add Comment
Real Estate Information Archive
Blog
Pages:
Displaying blog entries 411-420 of 820
Get Your Christmans Tree On Mt. Hood and Enjoy the Outdoors!
Sunday, November 22, 2020
Here's a great opportunity to get an affordable Christmas tree in the Mt. Hood National Forest. The forests are open and all you need is a permit. You may purchase a permit for up to five trees per household! Permits are only $5.00 per tree!!!!!!
Here are the locations where your permit can be purchased direct from the Mt. Hood National Forest website:
Tygh Valley General Store, 57715 Tygh Valley Road, Tygh Valley, OR. 541-483-2324
Open Monday-Friday 7:00 a.m. to 6:00 p.m., Saturday & Sunday 8:00 a.m. to 6:00 p.m.
Kramers Market, 121 Main Street, Dufur, OR. 541-467-2455
Open Monday-Saturday 7:00 a.m. to 7:00 p.m., Sunday 8:00 a.m. to 7:00 p.m.
Wamic Market and Supply, 57016 Wamic Market Rd. Wamic, Or, 97063. 541-544-2333
Open 7 days a week – 8:00 a.m. - 6:00 p.m.
Tum-A-Lum Lumber, 408 Hwy 35, Hood River, OR. 541-386-1001
Open Monday-Friday, 7:00 a.m. to 6:30 p.m., Saturday 8:00 a.m. to 5:00 p.m., Sunday 8:00 a.m. to 4:00 p.m.
Estacada Tackle Shop, 210 SE Hwy 224, Estacada, OR. 503-630-7424
Open 7 days a week 6:00 a.m. to 10:00 p.m.
Estacada True Value Hardware, 310 SE Main St, Estacada, OR. 503-630-3769
Open Monday-Saturday 8 a.m. to 7 p.m., Sun 9a.m. to 5p.m.
ACE Heritage Hardware, 39181 Pioneer Boulevard, Sandy, OR. 503-668-8731
Open Monday-Saturday 8:00 a.m. to 6:00 p.m., Sunday 9:00 a.m. to 5:00 p.m.
Hoodland Thriftway, 68280 Highway 26, Welches, OR. 503-622-3244
Open Daily: 7:00 a.m. to 11:00 p.m.
Mt. Hood Village Market, 73265 Highway 26, Rhododendron, OR 97049. 503-622-4652. Open Daily: 6:00 a.m. to 10:00 p.m.
Welches Mountain Building Supply, 67250 Highway 26, Welches, OR 97067. 503-622-3000. Open Daily: 8:00 a.m. - 6:00 p.m.
Sportsman’s Warehouse, 9401 SE 82nd Ave, Portland, OR. 503-777-8700
Open Monday-Saturday 9:00 a.m.-9:00 p.m., Sunday 10:00 a.m. - 6:00 p.m.
How to Prepare for a Bidding War for Your Mt. Hood Property Purchase
Sunday, November 15, 2020
What's becoming common place in the Mt. Hood real estate market? It's a bidding war and it's happening on nearly every property that hits the market. Demand has far outstripped supply from Brightwood to Government Camp. There's only 18 properties for sale in the Mt. Hood area. If you are a buyer in today's market, you need to be prepared. Here are a few tips!
Building Equity Wealth on Mt. Hood
Sunday, November 15, 2020
Homeownership Is a Key to Building Wealth
For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner:
“…a primary home accounts for 90% of the total wealth of a family in the U.S.”
How do homeowners gain wealth?
Most large purchases, like cars and appliances, depreciate in value as they age, so it’s understandable to question how owning a home can increase wealth over time. In a simple equation, the National Association of Realtors (NAR) explains how the combination of paying your mortgage and home price appreciation grow overall wealth:
Principal Payments + Price Appreciation Gains = Housing Wealth Gain
As home values increase and you make payments toward your home loan, you’ll gain wealth through equity. The same article from NAR also addresses how wealth gains tend to play out over time:
“Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation. And while home prices can fall, home prices tend to recover and go up over the longer term. As of September 2020, the median sales price of existing home sales was $311,800, a 35% gain since July 2006 when prices peaked at $230,000.”
Taking a look at how equity has grown for the typical homeowner, it’s clear to see how real estate is a sound long-term investment. NAR notes:
“Nationally, a person who purchased a typical home 30 years ago would have typically gained about $283,000 as of the second quarter of 2020.” (See graph below):
This has become easily demonstrated from recent sales in the Mt. Hood area. This is demonstrated with a 9% increase year over year for the median sales prices locally. One home that sold for $350,000 in 2019 has just resold for $425,000 this year. ! That is a lot of equity gain in only one year's time. That was a radical increase but it's happening all over the mountain!
Bottom Line
Whether you’re a current homeowner planning to put your equity toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth and overall wealth. Owning a home is truly an investment in your financial future.
Economic Impact of Buying a Home on Mt. Hood
Friday, November 13, 2020
Mt. Hood's latest year to date sales have the average price up 8.9% according to the multiple listing service. That means appreciation is coming to all Mt. Hood property owners!
Bidding Wars in the Mt. Hood Real Estate Market
Friday, October 16, 2020
How to Prepare for a Bidding War on Mt. Hood
![How to Prepare for a Bidding War [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2020/10/15140756/20201016-MEM-1046x2827.png)
Some Highlights
- With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.
- From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home.
- Let’s connect today to be sure you have the guidance you need as the competition for homes heats up this season.
Updated Info on Mt. Hood Short Term Vacation Rentals
Thursday, October 15, 2020
Yesterday the Board of County Commissioners approved a schedule for public hearings and meetings on proposed code changes to allow for and regulate short-term/vacation rentals. The public will have a chance to comment either in writing or at any of the hearings, all of which will be held on Zoom.
· Public meetings on establishing a registration program and regulations in the County Code for short-term rentals:
- 10 a.m., Thursday, Nov. 5: Board of Commissioners business meeting -- first reading; public comments welcome
- 10 a.m., Thursday, Nov. 19: Board of Commissioners business meeting -- second reading; public comments welcome
· Public hearings on permitting short-term rentals in unincorporated Clackamas County by amending the county’s Zoning & Development Ordinance (ZDO)
- 6:30 p.m., Monday, Nov. 23: Planning Commission meeting and public hearing; public testimony welcome
- 9:30 a.m., Wednesday, Dec. 9: Board of Commissioners Land Use Hearing; public testimony welcome
· 10 a.m., Thursday, Dec. 17: Board scheduled to take action on the proposed ZDO amendments at its regular business meeting
People who have comments but are not able to attend a hearing are welcome to submit their comments by email or US Mail, before the hearing, to Principal Planner Martha Fritzie at [email protected] or Planning & Zoning, Development Services Building, 150 Beavercreek Road, Oregon City, OR 97045.
You can see the Oct. 13 Board policy session here and read the staff report here.
The draft regulations and details of upcoming public hearings are available at www.clackamas.us/planning/str. Information on how to connect to meetings and hearings on Zoom will be posted one week before each event.
We’ll keep you posted about any additional or changed information on this process. Thank you.
Ellen Rogalin, Community Relations Specialist
Clackamas County Public & Government Affairs
Transportation & Development | Business & Community Services
503-742-4274 | 150 Beavercreek Road, Oregon City, OR 97045
Office hours: 9 am – 6 pm, Monday-Friday
Proposed Regulations for Short Term/vacation Rentals in Unincorporated Clackamas County
Saturday, October 10, 2020
Here is the latest update on vacation rental study by Clackamas County:
Good afternoon,
After months of delay because of the COVID-19 pandemic and the wildfires, the Clackamas County Board of Commissioners has scheduled a policy session on short-term rental regulations for 3 p.m., Tuesday, Oct. 13, to review the major points of the draft regulations and set public hearings. The tentative plan is to hold public hearings and have the Board take action before the end of 2020, with any new regulations going into effect on July 1, 2021.
More details are in the staff report for the meeting. You can connect to the Zoom meeting to observe and see the staff report athttps://www.clackamas.us/meetings/bcc/presentation/2020-10-13-1.
As you may remember, the draft regulations were first created in 2019 at the request of the Board of Commissioners, in response to the increasing number of residents who use their homes for short-term or vacation rentals. The regulations include provisions for short-term rental owners to register with the county and pay a fee, and for enforcement of the regulations to be carried out by either the Sheriff’s Office or Code Enforcement, depending on the issue.
Clackamas County defines a short-term rental, or vacation rental, as a dwelling unit, or portion of a dwelling unit, that is rented to any person or entity for lodging or residential purposes, for a period of up to 30 consecutive nights.
Key components of the proposed regulations include rules regarding maximum occupancy, off-street parking, garbage pick-up, quiet hours, and fire and safety requirements. All short-term rentals would be subject to the same regulations, except that short-term rental properties inside the Portland metropolitan urban growth boundary would be required to be the owner’s primary residence or located on the same tract as the owner's primary residence. (The owner would not be required to be there when the short-term rental was occupied.) Details are available online at www.clackamas.us/planning/str.
For more information, contact Principal Planner Martha Fritzie at [email protected] or 503-742-4529.
You received this email because you have expressed an interest in regulations for short-term rentals in unincorporated Clackamas County. If you no longer wish to receive these emails, please let me know. Thank you.
Ellen Rogalin, Community Relations Specialist
Clackamas County Public & Government Affairs
Transportation & Development | Business & Community Services
503-742-4274 | 150 Beavercreek Road, Oregon City, OR 97045
Office hours: 9 am – 6 pm, Monday-Friday
Pages:
Displaying blog entries 411-420 of 820
Syndication
Categories
- Government Camp Real Estate (749)
- Mt Hood Inspiration-Morning Coffee (256)
- Mt. Hood 1031 Tax Exchanges (74)
- Mt. Hood Economic Conditions (820)
- Mt. Hood Local Events (366)
- Mt. Hood Mortgage and Financing Information (403)
- Mt. Hood National Forest Cabins (507)
- Mt. Hood New Properties on Market (309)
- Mt. Hood Sales Information (356)
