Displaying blog entries 651-660 of 1876
There hasn't been a better time to sell with inventory levels at the lowest we've ever seen on the mountain! Only 41 properties are currently for sale. Here's how the national inventory looks.
The sales for February 2018 hit thirteen closings. We saw four fixer-uppers, two Timberline Rim homes, two Government Camp condos and one Mt. Hood National Forest cabin close. Inventory under $200,000 sits at five properties at the moment. As we head into spring we are seeing a few new home entering the inventory. Nearly a third of our inventory for sale is over $400,000!
If you're in the Salmon Valley Water district you may or may not be aware of a pending sale of the water system. It looks like Northwest Natural Gas Company has struck a deal with the water company in December 2017. The sale should be completed no sooner than 60 days from their agreement and must be approved by the Public Utility Commission of Oregon. It may have already happened by the time this is posted. Here is a link to their website for additional information.
Recently released stats for February by RMLS show only 43 active listings for sale. Inventory is the word of the day for the mountain. This is the greatest seller's market I've seen in over 10 years. Priced right and in demand properties usually have multiple offers within a day. If you're a seller and on the fence, now is the time to have your property on the market.
Here are details right from the Clackamas County website:
Project Description: Replace the existing one-lane bridge with a new two-lane bridge. The current bridge, built in 1958, is reaching the end of its functional life and is weight-limited. The 18-month construction project includes building a temporary detour bridge, removing the old bridge, building the new bridge and then removing the detour bridge.
Things to be aware of:
Funding:
You may be interested to know:
More details: Visit http://www.clackamas.us/engineering/elkparkbridge.html
A lack of inventory has driven sales prices up over the past year and here are the current numbers for January. Active listings sit at 44. Pending sales comparing this January to last January are up 40%! Of course, that could have been due to the crazy January deep freeze we experienced.
As inventory decreases our median and average pricing points have gone up. Medium price currently sits at $312,000. Last year we sat at $264,800 and in 2016 it was a lowly $235,300.
Once spring hits we'll know how this will play out and if we'll have some homes to sell. Many buyers are making their land purchases for future development with such a low home supply. If we had some new homes to sell they would fly off the shelf.
We have a major need for any and all types of homes and cabins so if you're thinking about it, now is the time to get things going!
Heading into 2018 we are seeing a very low amount of inventory. This is a complete seller's market at this time. Multiple offers are coming in on nearly every new property that hits RMLS. There is fast and furious competition between buyers. I expect this to be the status quo for this year and many sellers are taking advantage of the highest prices we've seen in over a decade!
Here are the thirteen sales for January. There were four closed cabin sales (one is missing from the list as the agent has not placed the sold data in RMLS). Two Government Camp condos closed. One sold at Collins Lake and the other at the Grand Lodges.
Area rentals are super tight and many ski families are purchasing their properties for use during the winter ski season. Many buyers are purchasing land to build since inventory is so low and the average sales price for homes has reached $351,000 for the past month.
This is a great starter, vacation, or investment property. Located in Welches, Oregon in a centralized location within walking distance to post office, shopping and restaurants. Three bedrooms and two and a half baths with an attached garage. Hardwood floors have been refinished! Enjoy a toe warming fireplace in the living room. Open floor plan with slider to take you outside to your deck with fenced yard. Raised garden beds along the driveway. Stainless steel appliances in kitchen.
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MORE INFO ON 68273 E. TWINBERRY LOOP WELCHES OREGON 97067
More than meets the eye! This well maintained home is ready for occupancy. Located in Rhododendron, Oregon the home features three bedroom, bonus loft, brand new septic, garage with shop area, bonus office and storage, your own log cabin, and a covered hot tub area. Mostly fenced in case Fido needs to roam around. Cozy wood stove in your living room to warm your toes after a day on the slopes! New appliances for the kitchen.
Amenities plus in this Mt. Hood home. Mt. Hood National Forest right across the street. A short walk to the Zig Zag River too. Only 15 minutes to premium ski slopes. Walk to restaurants nearby.Mountain bikers paradise with Sandy Basin Park near by. Enjoy a 27 hole golf course five minutes away. $324,900.
Displaying blog entries 651-660 of 1876
