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Collins Lake Condo

Thursday, November 19, 2020
by Liz Warren

The wait is over! New to market, this Collins Lake Condo features two bedrooms, bonus bunk room or den, and two and a half baths with Brazilian cherrywood floors throughout. Completely furnished from top to bottom. Conveniently located so you can walk to restaurants and shopping. Get off the highway and enjoy your weekend of skiing cozied up to the fireplace after a day on the slopes. Private deck with peekaboo view of the top of Mt. Hood. $409,950

Collins Lake Condo Living Room with Firepalce

Mt. Hood Government Camp Condo at Collins Lake

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How to Prepare for a Bidding War for Your Mt. Hood Property Purchase

Sunday, November 15, 2020
by Liz Warren


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!

 

How to prepare for a bidding war on Mt. Hood

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Building Equity Wealth on Mt. Hood

Sunday, November 15, 2020
by Liz Warren

Homeownership Is a Key to Building Wealth

Homeownership Is a Key to Building Wealth | MyKCM
 

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):

Homeownership Is a Key to Building Wealth | MyKCM

 

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.

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Mt. Hood Property Sales for October 2020

Friday, November 13, 2020
by Liz Warren

Check out the latest stats from RMLS for October. There were 19 active listings on the market for the month. Historically, I’ve never seen inventory this low! We are seeing a few new listings hit the market and they sell immediately with multiple offers.  Pending sales sat at 23 for the month and 18 closed for the month.

 

Shrinking marketing time is down to 50 days.  The average sales price is $348,400. This nearly wipes out first time home buyers even though we are seeing historically low interest rates.

 

 

    Mt. Hood Real Estate Sales in October 2020

 

 

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Economic Impact of Buying a Home on Mt. Hood

Friday, November 13, 2020
by Liz Warren

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!

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Mt. Hood National Forest Storm Clean up Scheduled for November 6, 7, and 8

Tuesday, November 3, 2020
by Liz Warren

MHFHA SPONSORED STORM DEBRIS CLEAN UP scheduled for November 6-7-8

 

The Association, with the help of generous cabin owners who have donated to the September Storm Clean up Fund, will hire the equipment necessary to aid cabin owners in disposing of debris from the storm.

 

We will be renting an industrial wood chipper along with hiring an experienced person to run it. We will be renting trailers to pick up and haul debris to a location where the wood chipper will be stationed.

 

Here's what we need you to do should you like to participate:

 

1) Create piles of your storm debris (branches no more than 6" in diameter) from your cabin lot and find a place that is not in or on your cabin road but right next to the road. We will NOT be driving in driveways to pick up debris piles. You can begin creating those piles now.

 

2) Volunteer! We need people with trucks that can pull the rented trailers. We need volunteers to load the piles into the trailers. We need volunteers for a few hours or all day for those 3 days. We will need volunteers to unload the debris at the wood chipping site.

 

3) All cabin roads and all cabins will be included in this project.

 

No material other than natural plant/tree storm debris

 

If you can volunteer - please sign up and tell us your availability (provide a truck with a hitch, man/woman power, what days and hours etc) Please respond to this email and give us your details.

 

We will provide snacks, water and lunch for all workers.

 

If you have yet to donate to the clean up fund - please do so now. September Storm Clean Up Fund

 

To those who have signed up to volunteer - THANK YOU! We will be emailing assignments by Nov 2, 2020. If you would like to volunteer, please email us at [email protected]

 

 

 

​

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What To Avoid When Buying a New Home

Sunday, October 25, 2020
by Liz Warren

           

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Mt. Hood Has Cold Weather Coming In

Tuesday, October 20, 2020
by Liz Warren

Straight From NOAA

Mt. Hood Weather Turning Cooler This Week

Get Your Property Ready for Winter With These Tips From Lowes

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Bidding Wars in the Mt. Hood Real Estate Market

Friday, October 16, 2020
by Liz Warren

How to Prepare for a Bidding War on Mt. Hood

How to Prepare for a Bidding War [INFOGRAPHIC] | MyKCM
 

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.
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Updated Info on Mt. Hood Short Term Vacation Rentals

Thursday, October 15, 2020
by Liz Warren

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

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Displaying blog entries 461-470 of 1876

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