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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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Mt. Hood Shadow Inventory

Thursday, May 3, 2012
by Liz Warren

Every wonder about how much "shadow inventory" is on our mountain? Realty Trac, who tracts foreclosures nationally, says Oregon has 19 months of bank owned inventory that has not hit the market. Nationally the number is closer to 16 months. A recent article on Oregon Live, the Oregonian paper on line, presents an interactive map of the greater Portland area by zip code with numbers of foreclosures.

Interactive map of foreclosures by zip code. Check out 97049, 97028 and 97067.

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Who's Buying Real Estate Today?

Thursday, March 29, 2012
by Liz Warren

Who's buying real estate today in the Mt. Hood area and across the US? This recent survey is showing a drop in first time homebuyers and an increase in investors purchasing properties. What are buyers buying? Numbers nationally are reaching nearly 50% of sales as foreclosures and short sales. 

Home Buyers Over the Past Three Months

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Mt. Hood's New Sandy High School!

Friday, February 17, 2012
by Liz Warren

The excitement is building for the opening of the new Oregon Trail School District High School in Sandy scheduled this coming fall. Anyone who knows a student in this district knows the kids are giddy with excitement for this overdue facility to open which nearly doubles the size of the current high school. After traveling to other schools in the metro area, this showplace will boost local pride and will be a major cornerstone to show off the Mt. Hood area drawing more residents who wish to live in an environment that values education and cares about their children and their future. 

​Check out these Oregon Trail High School highlights including a Performing Arts Center, indoor tract, stadium seating for 1800, fully equipped science labs, plus a new library that is three times the size of the current library!

New Oregon Trail High School photos of construction.

The Oregon Trail School system services students from Government Camp, Welches, Brightwood, Rhododendron, Boring and Sandy.

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Mt. Hood Real Estate Sales for January 2012

Thursday, February 16, 2012
by Liz Warren

The multiple listing service has just released the year to date chart for Mt. Hood home sales for January 2012. A recent Mt. Hood blog post showed a total of four sales for the month. From this same time last year pending sales are down around 16.7%. Don't be deceived by the average sale price for home sales in the Mt.Hood area, the data makes this an unusually high number in my opinion.

Mt. Hood Real estate sales for January 2012

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Mt. Hood Real Estate Sales for January 2012

Thursday, February 9, 2012
by Liz Warren

January 2012 numbers for the Mt. Hood real estate sales have just come in. After a booming fourth quarter in 2011 it looks like we've dropped down substantially in number of closed sales. The first two listed sales are Mt. Hood foreclosures. The third sale located in Brightwood on the Salmon River closed at $195,000 with an original listed price of $275,000 in 11/2010. This cabin had a premium location with a full view of the river. The last property listed was new construction in Government Camp. Anyone who has tried to obtain a new construction loan knows how difficult that process is to get through. Although marketed as a spec home in Government Camp, this property was custom finished to the buyer's tastes.

The majority of the homes in the $500,000 plus price range in Government Camp are not brand new but 10-20 years old. See the current selection of Government Camp homes for sale. foreclosures make up nearly a third of currently pending sales in the Mt. Hood area. Investors are swooping in to purchase in Government Camp-mostly Collins Lake condos, Welches and Rhododendron.

Mt. Hood January 2012 real estate sales

 

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Foreclosures on Mt. Hood

Wednesday, January 25, 2012
by Liz Warren

It's a great time to buy a foreclosure with ten opportunities on the market today. Choices are from condos in Welches to Government Camp. Some of the lower end cabins and homes may need cash buyers due to their conditions. Take a look at these choices from Brightwood, Welches, Rhododendron and Government Camp:

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Mt. Hood Area 2011 Real Estate Sales Information

Sunday, January 15, 2012
by Liz Warren

Real estate agents are optimistic with the number of recent sales for the fourth quarter of 2011 bringing a total of 33 sales! The entire year produced 105 sales on the mountain stretching from Government Camp all the way down to Brightwood. Twenty eight percent of sales this year were distressed. The average sales price has decreased by 7.2% from 2010.

2011 Market Action end of year numbers for Mt. Hood Area

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Negative Equity in Oregon

Sunday, January 8, 2012
by

This map shows the negative equity state by state.

Negative Equity State by State

 

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Displaying blog entries 611-620 of 785

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