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September Mountain Sales Were Slightly Down

Monday, October 15, 2012
by Liz Warren

Mt. Hood Sales for September 2012

Here are the numbers straight from multiple listing service of sales for September 2012. Although slightly down with eleven closed sales, this had been a banner year for the highest "number of sales" in nearly 5 years! After sales increase in numbers we will eventually have some price stabilization.

It's still a buyer's market for the mountain with all residence, including condos and manufactured homes hitting a 13.4 months worth of inventory. It's the perfect time to get that second home in the Cascades!

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Villages of Mt. Hood Town Hall Meeting

Wednesday, September 19, 2012
by Liz Warren

Save the Date September 26th for the Mt. Hood Villages Town Hall Meeting!

 

Mt. Hood Villages Town Hall Meeting

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Tight Lending Requirements and Credit Scores

Tuesday, September 18, 2012
by Liz Warren

Now that housing is starting to stand on its wobbly legs after years of uncertainty, Lawrence Yun, chief economist of NAR, the National Association of Realtors, is asking for some loosing up on lending standards to keep this housing recovery on its way. Here is an except from an article from NAR on credit scores and lending practices. You can see that most recent loans only go to buyers with the most stellar credit.  In 2011, around 75% of loans purchased by Fannie Mae and Freddie Mac, had credit scores of 740 or above!

Credit Scores are high for buyers

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Mt. Hood Area Sales in August 2012 top 11

Monday, September 17, 2012
by Liz Warren

Good news for mountain real estate. August numbers are consistent with most of the year monthly numbers with eleven sales for the month. From Government Camp to Brightwood, the numbers are good. Here's what sold for the month of August. Three forest service cabins closed this month, a record number for the year. 

Mt. Hood Real Estate Sales for August 2012

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Resort at the Mountain Inventory Grows

Wednesday, September 5, 2012
by Liz Warren

Looking for a great full time or recreational second home on Mt. Hood? The current inventory around the Resort at the Mountain is exceptional in choices. Some sit off the golf course and some have fairway views. A twenty seven hole golf course gives many opportunities for ownership. Amenities include park areas, Salmon River access, swimming pool and tennis courts. All properties are on sewer and water. Here are todays current choices:

Resort at the Mountain Golf Course Homes

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Housing Update from the Oregon Office of Economic Analysis

Monday, September 3, 2012
by Liz Warren

Here is a brief excerpt from a recent blog article from the  Oregon Office of Economic Analysis

Oregon Housing Market

 

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Portland Metro Price Trends from NAR Impact Mt. Hood Second Home Market

Monday, August 27, 2012
by Liz Warren

The Portland metro price trends impact the majority of our second home market for many reasons. Primary home equities are a main source of down payments for second homes in our area. As this chart shows, the metro area has lost a lot of that buying power and this has caused pricing pressures on the mountain inventory. 

Portland metro pricing chart from NAR

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Mt. Hood's May Market Action Numbers for Sales

Sunday, June 24, 2012
by Liz Warren

The market action provided by RMLS brings May active, pending and sold statistics for the Mt. Hood area. The past month brought a huge number of properties to the market, nearly 25% of inventory came on this month and June will likely tell a similar story. Many sellers waiting for the market to improve have come to the dance floor. Ten closed sales for the month shows a continuing trend for sales numbers to beat out 2011 but prices have still not gone up due to the amount of inventory currently for sale. Number of days on market is up to 261.

Mt. Hood May Market Action for Real Estate Sales in 2012

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Mt. Hood Area Real Estate Sales for May 2012

Sunday, June 17, 2012
by Liz Warren

May real estate sales on the mountain are consistent with the past several months. Ten sales of  properties have now given a total of 46 sales since the first of the year. Numbers of sales each month have been fairly consistent giving an average of nine sales each month! Plenty of inventory to choose from and with unbelievable 3.75% interest, this is the Primo time to buy in history!

Lets take a look at May's sales. Four of the ten were either bank owner or short sales. Good news in that two sales were over $300,000. There's been more interest in the higher price ranges. Since we are quickly approaching our premium selling summer season I expect the next several months to produce even higher numbers of sales baring any negative economic news.

Mt. Hood Area Real Estate Sales for May 2012

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Mt. Hood Area Inventory Levels

Monday, May 21, 2012
by Liz Warren

The Portland Metro area inventory is at a five year low according to the multiple listing service. Month supply of home for April was 4.7 months. This is the buzz about "listing inventory" shortage in Portland.  Take a look at Grant and Wallowa County though with over three years of inventory to sell. Yikes! 

Mt. Hood Area inventory of residential homes are at a 13 month level. Lots of inventory to choose from and to take advantage of these historically low interest rates!

Oregon county inventories

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Displaying blog entries 601-610 of 783

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