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November Real Estate Sales for Mt. Hood area in 2017

Friday, December 15, 2017
by Liz Warren


Mt. Hood sale numbers have surged this year and the minimal inventory has caused prices to continue to climb. As seen with this November 2017 report from multiple listing, compared to 2016 our prices have climbed nearly 19% over last year. The average sales price has bumped up to $309,400! 

November Real Estate Sales for Mt. Hood Area

Oregon seems to be fairing very well in the scheme of things. Take a look at this map showing price appreciation of the whole state over the past year compared to the rest of the country. There's nearly a 9% difference from last year!

Year over Year appreciation for Oregon

 

Here's another interesting map of home affordability, or should I say unaffordable as compared  to late 1990's. Oregon ranks right up there with California, Hawaii, and Washington DC. This shows how much Oregon's prices have gone up recently. It actually shows that the state was probably at dirt cheap prices in late 1990 but we've really escalated over the past two decades!

Oregon Home Affordability has skyrocketed

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October Mt. Hood Sales Top 26 for the Month

Sunday, November 19, 2017
by Liz Warren

Fall sales are plugging along at a steady pace following the summer of activity. October saw 26 sales closings which likely were a result of August and September's activities. Each new listing that hits the market sees a flurry of activity sometimes resulting in multiple offers. 

Mt. Hood October sales for 2017

Recent RMLS statistics show a decline of nearly 26% comparing October 2016 to October  2017 and a total of a 15% decline year to date. This decline can easily be explained  by a lack of inventory in the market. Less homes to buy, less sales. 

Lets take a look at pricing points available in the November market for single family detached homes for sale. There are 49 available properties. About 25% of our current inventory is under $300,000! This is why people believe the market is slowing but not really, it's because of a lack of inventory. 

<$100,000                        1

$100,000-200,000            4
 
$200,000-$300,000          8
 
$300,000- $400,000         9
 
$400,000-$500,000          8
 
$500,000-$700,000         12
 
>$700,000                         7
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Mt. Hood Summer Sales Boom!

Sunday, September 24, 2017
by Liz Warren

Mt. Hood summer sales boomed with 20 closed sales for the month of August! Believe it or not there were a few sales under $100,000 which is nearly unheard of these days. 

Mt. Hood National forest service cabins dominated the closings with seven sales! One cabin broke all sale records for a price of $337,000! Cabins maintain their popularity on the mountain for their uniqueness and pristine settings which can't be matched by any other properties in the area. 

On another note, Timberline Rim prices are escalating nicely. There's a lack of inventory and with the Rim having a more affordable pricing point, many folks are opting to purchase here for full time living and as a vacation spot. 

Listed below are the 20 sales for August 2017.

Mt. Hood Real estate sales for August 2017 for 97028,97067,97011, and 97049

Mt. Hood Real Estate Sales for August 2017 for Brightwood, Welches, Government Camp and RhododendronMt. Hood Real Estate sales Boon in August 2017Mt. Hood Sales Boom in August 2017 for Welches, Rhododendron, Brightwood and Government CampReal Estate sales boom for Mt. Hood the summer of 2017

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June Sales Showed Average Mt. Hood Real Estate Prices Surges to $343,300

Saturday, July 22, 2017
by Liz Warren

Check out the June sales statistics from RMLS! The average price of the 14 sales reached $343,300 with year to date average sales price hitting $312,200. These numbers tell the tale of less inventory and rising prices on the mountain.

As of today there are 66 properties for sale with 26 of those over $400,000. Twelve properties are under $200,000 with several in parks, which have rental fees or on leased land in the Mt. Hood National Forest. June saw 32 new listings hit the market and for July there's been a steady stream of new listings.

The rainy spring really delayed sellers getting their properties ready for market. With the shortage of contractors, landscapers, and general services on the mountain getting work done has been a real challenge bringing late comers to the summer market. 

 

Mt. Hood Real Estate Sales Statistics for June 2017

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Mt. Hood Real Estate Sales for May 2017

Sunday, June 18, 2017
by Liz Warren

Today's Mt. Hood real estate market has small inventory and rising prices. Here is the info direct from RMLS for the month of May. Only 44 active listings for sale. Some properties are trickling in for the summer season. Only eight homes closed for the month and an escalating average sales price has climbed substantially from the $200,000 range. Entry level homes are nearly impossible to find with multiple offers as soon as they hit the market. Shortened marketing days show the high demand in this seller's market. The sub $300,000 market has been depleted showing the 17% average sales price change in the last row. Keep in mind, these stats are based on a very small market with minimal inventory.

 

      Mt. Hood Sales stats for May 2017

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Mt. Hood Lots Under $100,000

Friday, June 2, 2017
by Liz Warren

Lingering inventory is moving many buyers towards purchasing a lot and building their dream home or vacation home on Mt. Hood. There are many lots on the market that have neither a septic approval nor sewer available. Listed below are lots which have one or the other and with some due diligence could be some of the better choices for building on the market right now under $100,000. Most are located in Rhododendron and Welches. Call me for more details on any of these properties. 

All lots currently for sale in the Mt. Hood area can be found here

 Sign up for any new lots on the same page by saving the search and creating an account.

Mt. Hood lots under $100,000 for 97067,97011,97049

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Saving to Buy a House?

Friday, June 2, 2017
by Liz Warren

Saving to buy a home on Mt. Hood?

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Mt. Hood Sales for April 2017

Wednesday, May 24, 2017
by Liz Warren

Here are April's sales in the Mt. Hood area. We totaled 17 properties closing for the month. Inventory is dwindling. Some new properties should be coming available as we get closer to summer. 

Mt. Hood Real Estate sales for April 2017Mt. Hood Sales for 97067, 97049,97028.97011

Mt. Hood Reall Estate Sales April 2017 for Welches, Brightwood, Brightwood, Sandy

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Pending Sales Plummet Due to Low Inventory on Mt. Hood

Thursday, May 18, 2017
by Liz Warren

Numbers are out for April from RMLS for the Mt. Hood area. Minimal inventory has caused pending sales to plummet compared to last year at this time. Although common for the Portland metro area, many properties that hit the market have multiple offers and bidding wars. Who knows what will happen over the summer. Stats below shows an average 12% price change from year to date. With little inventory this number tends to be skewed compared to other areas but we expect prices to rise due to supply and demand. 

At the time of this report we had 42 active listings but currently on 26 properties are for sale. 

 

April 2017 sales in the Mt. Hood Area

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Clackamas County Commissioners Coming to the Hoodland Fire Station

Thursday, March 30, 2017
by Liz Warren

Clackamas County Commissioners are coming to the Mountain!

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Displaying blog entries 491-500 of 785

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