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Mt. Hood Real Estate Sales for May 2011

Sunday, June 5, 2011
by Liz Warren

The numbers are in for the month of May 2011 for all Mt. Hood sales. We had a total of four properties close last month. Two were foreclosures. News sources, and NAR have told us sales were down all across the US in April and May's results too are weak. They are particularly down when compared to last year's spring when the first time home buyer credit was winding down.

Here are the sales. The second and third sales are foreclosures.

Four Sales for Mt. Hood Area in May 2011

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Mt. Hood Foreclosures

Friday, May 27, 2011
by Liz Warren

Foreclosure properties bring a unique opportunity for buyers right now in the Mt. Hood area. Interest rates are the lowest since the beginning of 2011. Choices are many and it's the perfect time to invest in mountain property.

Here is how Oregon stacks up in the first quarter with foreclosure sales compared to Washington, California and the entire US. These numbers are from RealtyTrac.

 

Mt. Hood Foreclosures

 

The pipeline of foreclosures is still building and yesterday's numbers indicated about 2 million more are heading to the market. Here's stats from MBA, Mortgage Banker's Association. 

 

Foreclosure pipleline

 

So, if you want to take advantage of an immediate price break in purchasing a Mt. Hood Second home, cabin, Condo, rental, or future retirement home, this is the time to make your move. Today's inventory of foreclosures in Government Camp, Welches, Rhododendron and Brightwood are listed below.

 

Mt. Hood Foreclosures

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Mt. Hood Market Action for April 2011

Thursday, May 19, 2011
by Liz Warren

The multiple listing service has just come out with the market stats year to date for area 153 comprised of Government Camp, Welches, Rhododendron, and Brightwood. Pending sales were down nearly 50% compared to this same month last year. Year to date we are down just over 25%. Sales might be down due to the artificial stimulus of the first time home buyer credit from last year. This pushed many buyers forward into the year creating a void of buying over the summer months.

Oddly enough I would think buyers would be rushing in to take advantage of these interest rates and the high level of selection currently available on the market.

 

Mt. Hood Market Action for April 2011

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Mt. Hood Real Estate Sales for April 2011

Thursday, May 19, 2011
by Liz Warren

Total sales for April 2011 in the mountain market frorm Government Camp, Rhododendron, Welches, and Brightwood totalled five this past month. These April sales included two foreclosures, two waterfront properties and one Timberline Rim home.

 

Mt. Hood April 2011 Real Estate Sales

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Foreclosures and Shortsales in Today's Market

Thursday, May 5, 2011
by Liz Warren

Tracking distressed sales on the mountain in the area from Government Camp to Brightwood shows that short sales and foreclosures make up 40-50% of our area sales over the past several months on average. Nationally, these numbers match. Here is a chart showing the short sales and foreclosure movement.

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Portland Pricing Chart vs. Other Cities

Tuesday, April 26, 2011
by Liz Warren

Here is the latest chart from Case Shiller showing the 20 city composite comparative over time just released in March 2011. These numbers indicate we are almost on the edge of a double dip. Surprisingly, pirces are off 58% from the peak in Las Vegas and only 6.8% in Dallas. Portland is down 26.4% from the peak of pricing.

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Mt. Hood Real Estate Sales for March 2011

Saturday, April 16, 2011
by Liz Warren

March fell short of the prior two months in total sales on the mountain. Five sales were closed this past month and all were distressed. Two of the sales were FHA financed, two cash and one conventional mortgage.

Mt. Hood March Sales for 2011

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Mt. Hood Market Action for March 2011

Saturday, April 16, 2011
by Liz Warren

The RMLS has just released the "market action" for our mountain area for Government Camp, Welches, Brightwood and Rhododendron listings and sales. This chart compares sales, listings and compares last year from this year at the same benchmark time.

Mt. Hood March Action for 2011

Two numbers jump out at me in the stats. One is the increased marketing time for a sale and secondly the pending sale numbers down nearly 50%. We have historically low interest rates, excellent affordability levels yet buyers are not coming in to swoop up the deals. Some of the biggest names in real estate are saying this is the best time to buy property that we will see in our lifetimes. I'm speaking of Donald Trump, Barbara Corcoran, and John Paulson (who predicted the housing bubble).

Buyers should be jumping in and taking advantage of this time before interest rates creap up. Predictions are that they will hit 5.4-5.7% by the fourth quarter!

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Mt. Hood Area Foreclosures

Friday, April 15, 2011
by Liz Warren

Weekend shoppers will love today's foreclosures in the Mt. Hood area located in Government Camp, Welches, Brightwood, Rhododendron!

Take advantage of 25 to 40% discounts by purchasing a foreclosure!

Mt. Hood Foreclosures april 2011

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Take Action-Mortgage Interest Deduction Under Attack

Monday, April 11, 2011
by Liz Warren

Do you want to pay more taxes? The mortgage interest deduction is under attack in a big way. The NAR, National Association of Realtors, is asking for you to help send a message to your congressmen that you don't want this mortgage deduction to go away.

Here is a link to a quick message expaining what you can do just by sending an email.

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Displaying blog entries 681-690 of 826

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