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Mt. Hood Real Estate Sales for February 2017

Monday, March 27, 2017
by Liz Warren

February sales on the mountain hit 15 with six of those properties in Government Camp. Four of the Government Camp sales were for condos. This amazing ski season has totally revived the Condo market in Government Camp after a drought of poor snow seasons. 

 

Two Mt Hood National Forest cabins closed and the inventory of cabins is still sadly lacking at this time. Perhaps sellers are waiting for summer to roll around after this challenging winter of snow decreasing accessibility.

 

Take away the condo market and we only have 32 single family homes for sale today. Just over a third of those homes are in the Government Camp area which brings about 19 homes available in the higher populated Welches, Rhododendron and Brightwood area. 

 

The pervasive housing crunch in Portland and our area has created a problem for renters and buyers seeking their first home as prices continue to edge upward due to limited supply. 

 

When 22% of your available homes for sale are under $300,000 you know your choices are limited and affordable housing is quickly out the door. 

 

Mt. Hood inventory is under a three month supply creating a sellers market from top to bottom. 

 

Here are February sales:

 

Mt. Hood Real Estate Sales for February 2017Real Estate Sales for Mt. Hood February 2017Government Camp, Welches, Rhododendron, Brightwood sales

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Mt. Hood February Real Estate Sales

Saturday, March 18, 2017
by Liz Warren

Now that we are heading into spring after the pretty harsh winter of snow and storms, limbs are getting picked up, yards are looking better and trees are getting trimmed. The last March snow storm was a surprise for many but the mountain is getting cleaned up! 

February sales that closed were mostly a result of transactions put together in 2016 with a total of 16 residential sales. 

Mt. Hood Real Estate Sales February 2017

Inventory is super low right now. We only have 46 homes currently on the market and 11 of those properties are under $300,000! Price per square foot is inching up to around $200. You can see the pending sales were down 25% compared this month last year. The average sales price is now $313,000 for 2017. This should be an interesting year as we head towards summer!

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January 2017 Mt. Hood Real Estate Sales

Saturday, February 25, 2017
by Liz Warren

January stats show nineteen sales closed for the mountain. The Government Camp market dominated with three Condo sales including Barlow Pass West, Edelweiss and one Collins Lake unit and three single residential units closing from $395,000 to $550,000. No doubt this winter's stellar snow amounts helped drive that market which had been slower in prior years due to poor ski conditions. 

The second largest area of sales were in Timberline Rim. Four homes closed in January. We still have many buyers looking for Timberline Rim homes due to their affordability and amenities. Homes in Timberline Rim range from around $180,000 to $400,000 and is the largest subdivision in the area. Originally offered in the late 1960's it's been a big favorite for vacation home owners and full time residents. Paved roads with sewer and water plus swimming pool in the summer and tennis court make a great neighborhood setting. 

Minimal inventory could slow sales down this year but hopefully as we near spring things will pick up and satisfy the demand. 

Mt. Hood Real Esatte sales 2017 for 97067,07028,97049,97011

January Real Estate Sales for 2017 for areas 97049,97011,97067,97028

97067,97049,97028,97011 sales in January 2017


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January 2017 Mt. Hood Sales

Wednesday, February 22, 2017
by Liz Warren

 

The multiple listing statistics are out for January 2017. Inventory is unbelievably low right now with only 45 active listings. Likely, most of the eighteen sales for the month were cumulative from October, November and December pending sales. You can tell inventory is low with the average sales price climbing to $307,600.

 

 Mt. Hood Sales for January 2017

 

Homes under $300,000 are in highest demand frequently having multiple offers on the table. Buyers are out to find their dream home before interest rates start to move up this year cutting into affordability. Here are the projections from MBA, NAR and Fannie Mae.

Mortgage Rates predicted for 2017

Sellers should consider getting their homes on the market today with minimal competition right now. As we head towards spring, the majority of sellers will place their home on the market in April, May and June creating more competition!

 

 

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Mt. Hood Land Sales for 2016

Friday, February 10, 2017
by Liz Warren

 

The market for lots and acreage in the Mt. Hood area stretching from Government Camp to the East end of Sandy has improved substantially over the past four years. Just four years ago in 2013 the mountain saw only ten lot sales. The past year saw thirty four sales!

Several of our local subdivisions, Timberline Rim, Zig Zag Village and Windtree Loop covered a quarter of those sales. The Timberline Rim and Zig Zag Village lots are easy for building with sewer and water. Windtree Loop, a gated community off of Barlow Trail Road, has water but requires septic installation. Larger lots in a gated community have commanded high prices comparatively. 

Mt. Hood lot sales in subdivisions

Parcels greater than an acre faired well in sales last year  Eight sales over an acre sold between $85,000 to $269,000. Most of those properties had some sort of river or creek front running through the land. Most were four acres or more. 

Government Camp had only one lot sale in Alpine Crest, the subdivision on the South side of Highway 26 near Summit. That price hit $185,000. There are no lots currently available in the Government Camp area but a couple of acreage parcels are for sale near Wapinitia beyond Snow Bunny and Trillium Lake turn offs.

The Mt. Hood National Forest, BLM lands and large timber parcels surrounding most of the private land of the Mt. Hood area. There is limited land available. If you want to build today or in the future, secure your parcel now. 

 

                                    Check out all Mt. Hood land for sale

  

                     Set up your own search criteria for lots, ac acreage or homes!

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Government Camp Real Estate Market 2016

Tuesday, January 31, 2017
by Liz Warren

 

The Government Camp real estate market had 19 sales in 2016. The majority of these sales we're condominiums at Collins Lake totaling nine sales. The average list price was $311,815 and average sale price hit $302,815. The price per square foot was $244 and the cumulative days on market hit 140. 

There were two additional Condo sales. One at Thunderhead Lodge and one at the Edelweiss Condo Complex. Thunderhead Lodge requires all cash transactions due to their ‘condotell” status. Edelweiss units are bank financeable. 

Beyond the condo sales, eight homes sold in Government Camp. At the low end a sales price of $325,000 and at the high end, $699,000. This was the highest priced sale in the Mt. Hood area for our RMLS area 153. 

Mt. Hood sales totaled 211 for residential sales in 2016 so the Government Camp market makes up about 9% of sales. More affordable properties are available in Welches, Rhododendron and Brightwood where home under $300,000 make up 70% of our sales.

Here’s a handy link to check current Government Camp Condos.

Here’s a handy link to Homes for Sale in Government Camp.

You can always bookmark these links or sign  up to receive notification when new properties hit the market on my website. Just start your search and save it with your email address!

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Mt. Hood's Rental Crisis

Saturday, January 28, 2017
by Liz Warren

If you've been "thinking" about buying a home on Mt. Hood, this graph really says it all. We receive countless calls and inquiries from people looking for rentals in our area. Well, there are none. We haven't heard of any in about 8 months. Portland's rental crisis is our crisis too. Nationally, Portland's crisis is getting compared to San Francisco's crisis.

On the mountain many workers for the ski industry have been left out in the cold with few options for living close to work creating longer commute times. Many properties have been scooped up by investors looking for vacation rentals leaving fewer homes available for purchase. We've never seen inventory this low on the mountain. Bad for renters, good for sellers who are seeing escalating prices and bidding wars in many cases. 

Interest rates will be going up this year and are projected to end in the 4.5 to 5% by years end. Avoid contining rising rents and BUY A HOUSE TODAY!


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Mt. Hood Real Estate Sales for December 2016

Saturday, January 28, 2017
by Liz Warren

December sales on Mt. Hood totaled 18. When comparing December 2015 pending statistics, to December 2016, the pending sales for Dec/2016 were down 23% compared to Dec/2015 I know in our area much of that difference could be weather related with less mobility from snow on the mountain but in Portland metro too. The same will likely be true of January this year. 

 Lets take a look at 2016 though and see what a great year it was for mountain sales! The days on market shortened to 54. Year to date pending sales were up nearly 11% from 2015. This year we saw 212 residential sales close plus 34 parcels and lots. Land sales have picked up the most we've seen in years! The average selling price hit $257,300 for 2016. 

RMLS report for December

 

 

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December 2016 Real Estate Sales

Saturday, January 14, 2017
by Liz Warren

End of year Mt. Hood sales totaled eighteen to wrap up the year with a nearly eleven percent increase over 2015. The biggest challenge in 2016, in getting any home closed, were the appraisals. The appraisal shortage has increased closing times for nearly all loans going through financing. What once was a traditionally 30 day closing for a home sale is now frequently a three month process. Stress and frustration levels are at an all time high for buyers and sellers. Escalating costs for appraisals have increased costs for buyers hitting the $900-$2000 just for an appraisal. 

 

December 2016 Sales

Mt. Hood Real Estate Sales November 2016

Mt. Hood Real Estate Sales December 2016

Mt. Hood Real Estate Sales December 2016

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Mt. Hood Real Esate Sales for November 2016

Thursday, December 22, 2016
by Liz Warren

There were 22 sales of homes for November 2016 in the Mt. Hood area. From Government Camp down to Brightwood Oregon sales continue to soar. Record breaking numbers for Mt. Hood sales this year just continues to grow to levels not seen since 2005 and 2006. We don't foresee a slow down for 2017 with continued high demand and minimal supply the area should continue to produce escalating levels of demand. This should cause prices to rise and hopefully we will have a supply to satisfy buyer demand. 

Every pricing point is in a seller's market vs. a buyer's market. Most pricing points have a two month supply which may predict even higher prices coming for 2017!

 

Mt. Hood real estate sales for November 2016



Mt. Hood Real Esatte Sales for November 2016 for zip code 97028


Mt. Hood Real Estate Sales for November 2016 for zip code 97067

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