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Top Ten Cities People Are Moving To

Thursday, June 2, 2016
by Liz Warren

As we all have noticed, lots of people are moving to Oregon from out of state. Here is a recent graphic from Realtor.com showing where people are moving to and the average price of the homes in those cities. 

The Portland median home price is $416,300 which is the highest on this list. We've seen a significant number of out of state buyers moving to the mountain due to affordability. We're also seeing baby boomers who have lived in Portland all their lives heading to the mountain for retirement and some elbow room. Our inventories are down which means rising prices for homes in our area.
Where people are moving right now and the average price in that city

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Investment and Vacation Home Buyers 2016 for Mt. Hood

Saturday, April 30, 2016
by Liz Warren

Investment and Vacation Home Buyers

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Mt. Hood Area Distressed Sales

Monday, April 25, 2016
by Liz Warren

You may think foreclosures and short sales have gone to the wayside in today's active market but surprisingly, although fewer are on the market these days, there are a few here and there. Take a look at the Portland metro market area. Nearly 11% of first quarter closed sales in Portland metro were either bank owned or short sales. 

Distressed Sales for Portland Metro for First Quarter 2016

The Mt. Hood area also has a few short sales and foreclosures in the market. Here is activity for Government Camp, Welches, Rhododendron and Brightwood for the first quarter foreclosures only.

2016 Mt. Hood Foreclosures for sale, pending and closed

Short sales are listed below for the first quarter on the mountain.

Mt. Hood short sales for first quarter 2016

 

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Mt. Hood March Sales!

Sunday, April 24, 2016
by Liz Warren

March sales on the mountain poured in with sixteen properties closing! A huge variety from Government Camp to Brightwood including ski homes, starters, waterfront getaways and permanent homes. Pricing points of under $250,000 are the fastest moving in today's market.

Currently there are 47 residential properties for sale with two thirds of them over $300,000! We haven't seen inventory with this pricing point dominating our market in a very long time.

Here are the March sales for 2016

Mt. Hood March 2016 sales for Government Camp, Brightwood, Rhododendron and Welches

 

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March Mt. Hood Real Estate Sales Are Up!

Sunday, April 17, 2016
by Liz Warren

 

RMLS has just released sales for March of 2016 showing sales surged for the Mt. Hood area. Many buyers are moving to the area plus vacation home purchasers are on the increase as minimal inventory is creating multiple offers on many properties.   

           Mt. Hood Real Estate Sales Statistics for March 2016

Compared to 2015 sales are up nearly 82% for March showing buyers are taking advantage of an improving Oregon economy and still low interest rates! Sixteen sales closed showing a strong first quarter finish. Compared to 2015 the first three months pending sales are up 63%. It's taking just over three months for marketing time as an average over all pricing points. 

Although we are not at the PDX frenzy point yet, many buyers need to be ready to jump right in if they see the property they want because they can go quickly.

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February 2016 Sales on Mt. Hood

Sunday, March 20, 2016
by Liz Warren

 

February saw eight closed sales  for 2016. Two mobile homes at Mt. Hood RV Village, two Government Camp condos at Collins Lake and one Shadow Hawk Condo in Welches rounded out the month. Twenty six sales are pending so I suspect the numbers to increase substantially for March and April. Spring is in the air and sellers are tidying up their properties to bring to market. All indicators are pointing to  a busy year for the Mt. Hood market. 

Real Estate Sales on Mt. Hood for February 2016

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February Market Stats from RMLS o the Mt. Hood Area

Saturday, March 12, 2016
by Liz Warren

Here are the numbers for February 2016 sales and listings recently released from RMLS. Inventory increased by 23 properties for the month and pending sales were up a whopping 77.8% compared to the same time in 2015. This shows buyers are out early this year with minimal properties available and increased demand. The market time is reduced for this past month down to 73 days. Since the start of the year pending sales are up 45% from last year. Homes under $250,000 are seeing bidding wars.

One challenge for today's conventional home sales are getting appraisers to come to our area. Since we are not a cookie cutter community of homes many appraisers find the mountain more work, charge higher fees, and some turn down the jobs completely delaying the process. Getting to the thick of spring and summer hopefully will not delay our closings because of this but it potentially could. 

    Mt. Hood Real estate sales for Februrary 2016

 

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Mt. Hood Real Estate Sales for January 2016

Monday, February 22, 2016
by Liz Warren

January 2016 saw a slight decrease in the record breaking 2015. Thirteen sales closed for the first month of this year. Several condos were sold and two forest service cabins. The balance of the properties were scattered here and there throughout the area. 

 

       Mt. Hood Real Estate sales for January 2016

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Mt. Hood Real Estate Sales Summery for 2015

Thursday, February 4, 2016
by Liz Warren

2015 was a great year for home sales in the Mt. Hood area. Compared to 2014 sales were slightly up. 193 sales in 2014 and in 2015:  204. Here is a brief summary of the comparison of both years:

                            2014                     2015  

 

sales                         193                          204

forest cabins               27                            30

condos                        27                            19

Govy   Condo               23                            10

Welches   condo           4                              9

Govy homes               16                              4

Bank Owned               16                            13

Short Sale                     3                              0

Land                            13                             25

Government Camp really slowed down in 2015 compared to 2014. Over a 50% drop in condo sales and a 75% dip in home sales. That second home market took a big dive but that could have all been snow driven due to a pathetic ski year. 

One big surprise was the increase in land sales nearly doubling last year. Finally some new construction will be in the works and considering there isn’t that much land in our area available this is good news for the market. 

All indicators are that 2016 will be an excellent year again for mountain sales. With Oregon as the hot spot in the United States for the third year in a row we expect more folks to head to Mt. Hood to live full time and to pick up their second homes to get relief from PDX congestion!

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Twenty One Sales In December 2015

Tuesday, January 26, 2016
by Liz Warren

The close of 2015 produced 21 closed sales for the month. Surprisingly, three of those sales were bank owned properties. The mountain had 13 bank owned properties sell in 2015 which was down from 16 for 2014. Three Timberline Rim properties, a popular subdivision along the Sandy River, changed hands. 

Inventory is down in all pricing points right now and many sellers are getting their properties ready for the 2016. State regulations and lender financing requirements make preparation a must to get a property prepared to go on the market. Getting any repairs completed prior to going on the market is a great idea because finding a contractor during summer months is nearly impossible causing delays for closing. 

Here are the 21 sales that closed in December:


Mt. Hood Real Estate Sales for December 2015

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Displaying blog entries 521-530 of 785

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