Displaying blog entries 51-60 of 309
Recently new to the market! Camp Creek two bedroom two bath cabin near Government Camp. Half ownership of this 1935 charmer. Shared expenses and a buyer gets every other week. $150,000
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The wait is over! New to market, this Collins Lake Condo features two bedrooms, bonus bunk room or den, and two and a half baths with Brazilian cherrywood floors throughout. Completely furnished from top to bottom. Conveniently located so you can walk to restaurants and shopping. Get off the highway and enjoy your weekend of skiing cozied up to the fireplace after a day on the slopes. Private deck with peekaboo view of the top of Mt. Hood. $409,950
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Refurbished Panabode log cabin located in Welches Oregon right on the golf course at the Mt. Hood Oregon Resort. Two bedroom, two baths with vaulted ceilings, open floor plan, and fireplace. Radiant zonal heat, upgraded kitchen with granite island and counter tops. Covered deck to enjoy the outdoors! $387,000.
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Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.
Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there just aren’t enough houses for sale to meet that growing need. Sam Khater, Chief Economist at Freddie Mac, explains:
“Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery…These low rates have ignited robust purchase demand activity…However, heading into the fall it will be difficult to sustain the growth momentum in purchases because the lack of supply is already exhibiting a constraint on sales activity.”
According to the National Association of Realtors (NAR), right now, unsold inventory sits at a 3.1-month supply at the current sales pace. To have a balanced market where there are enough homes for sale to meet buyer demand, the market needs inventory for 6 months. Today, we’re nowhere near where that number needs to be. If the trend continues, it will get even harder to find homes to purchase this fall, and that may slow down potential buyers. Danielle Hale, Chief Economist at realtor.com, notes:
“The overall lack of sustained new listings growth could put a dent in fall home sales despite high interest from home shoppers, because new listings are key to home sales.”
The realtor.com Weekly Recovery Report keeps an eye on the number of listings coming into the market (houses available for sale) and the total number of listings staying in the market compared to the previous year (See graph below):
Buyers are clearly scooping up homes faster than they’re being put up for sale. The number of total listings (the orange line) continues to decline even as new listings (the blue line) are coming to the market. Why? Javier Vivas, Director of Economic Research at realtor.com, notes:
“The post-pandemic period has brought a record number of homebuyers back into the market, but it’s also failed to bring a consistent number of sellers back. Homes are selling faster, and sales are still on an upward trend, but rapidly disappearing inventory also means more home shoppers are being priced out. If we don’t see material improvement to supply in the next few weeks, we could see the number of transactions begin to dwindle again even as the lineup of buyers continues to grow.”
Yes. If you’re thinking about selling your house, this fall is a great time to make it happen. There are plenty of buyers looking for homes to purchase because they want to take advantage of low interest rates. Realtors are also reporting an average of 3 offers per house and an increase in bidding wars, meaning the demand is there and the opportunity to sell for the most favorable terms is in your favor as a seller. There are only nineteen properties for sale in Welches, Brightwood, Rhododendron and Government Camp!
If you’re considering selling your house, this is the perfect time to connect so we can talk about how you can benefit from the market trends in our local area.
Here's a very affordable Shadow Hawk Condo in great condition nestled between the Salmon River and The Mt. Hood Oregon Resort golf course. This is an upper unit facing the golf course with open and spacious living room area, a cozy fireplace, tons of windows and a private covered deck just steps off the dining room area. The condo has one bedroom, two baths and lots of storage. Each unit has one carport and there's plenty of guest parking. Enjoy the swimming pool and sauna at the clubhouse. $239,950
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Camp Creek Cabin
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If you're looking for a wonderful mountain getaway to relax from city stresses, this is the place. Only an hour away from Portland but it seems like a world away! One bedroom on the main level and a big loft with bunk beds upstairs gives plenty of room for sleeping. Vaulted ceilings in the living room with a stone fireplace and wood stove insert for heat. It's a quick 10 minute drive to the slopes or mountain biking on the hill. Just listed at $245,000
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Here's a great gem in a secluded location in the Mt. Hood National Forest near Rhododendron Oregon. Open floor plan with everything you need in your getaway. Two bedrooms upstairs and one is a bunk room! The master has its own deck that looks out over the woods. Modern kitchen with a dishwasher too. Laminate flooring. Comfortable covered porch in case there's a sprinkle or two plus a big spacious deck with benches on the back side. Steps to two premium swimming holes on kid and dog friendly Still Creek. Shared gated driveway to the cabin. Mountain bikers will enjoy the trek up to Trillium Lake. Only about 30 minutes to Mt. Hood for the only summer skiing in Oregon! $235,000
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You will love this refurbished 1920's craftsman style cabin on nearly a half acre of land near Brightwood. Vaulted ceilings and wood beams in the great room complete with stone fireplace. Wood floors and updated windows makes for a cozy getaway or for full time living. Master bedroom has it's own sitting porch! Second bedroom is spacious with barn doors and tons of light.
The kitchen has everything you would need. The bathroom is huge with walk in shower and laundry area too.
Completely landscaped with two new patios and fire pit. Seller added an outbuild too. Kids will love the yard and there's plenty of parking too.
Just down the road is the Mt. Hood National Forest and Sandy Ridge Mountain Biking Park. $420,000.
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Displaying blog entries 51-60 of 309
