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Mt. Hood Real Estate Numbers for June 2010

Saturday, July 17, 2010
by Liz Warren

The numbers are in for June 2010 for Mt. Hood area real estate sales straight out of RMLS. The numbers are impressive with a total of 15 sales closing. My estimate is that these sales were put together in March and April and finally closed. We have seen a weakening of pending sales at the moment but hope with the fantastic weather we are having that more buyers will take advantage of the incredible inventory currently on the market. Now is the time to get a hec of a deal on a mountain property!

Mt. Hood real estate sales for June 2010

Market indicators show increasing inventory, fewer pending sales for the month, longer marketing periods but pending sales up nearly 50% year to date from 2009!

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February 2010 Oregon Foreclosures

Thursday, July 15, 2010
by Liz Warren

The numbers are out for the National Association of Realtors statistics for February 2010 in the Salem area foreclosures compared with the United Sates Numbers. Here is a chart of activity:

Foreclosures on Mt. Hood

 

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Oregon Foreclosure Information

Thursday, July 15, 2010
by Liz Warren

The National Association of Realtors has published some interesting information on Oregon foreclosures for 2009. Our state has been in the news recently at number three in the country for foreclosures. Here is the breakdown of home ownership and home foreclosures based on the type of loan the homeowner received. Prime loans are the biggest percentage of foreclosures in 2009 reflecting the high unemployment rate in Oregon.

See Mt. Hood Area Foreclosures here

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Mt. Hood's Swelling Summer Population

Monday, July 12, 2010
by Liz Warren

You know its summer on the mountain when the arty funky buses pull into the Hoodland shopping center filled with kids who swamp local stores. These kids are from all over who visit our area to attend ski and snowboarding camps.

Shawn White, who won Gold in the 2010 Canadian Olympics for half pipe, brought untold publicity to the Mt. Hood area with our year round summer skiing and boarding. This was one of the areas he trained at throughout his career and we garnered great advertising for the Palmer Glacier, Timberline, and all our surrounding burbs of Government Camp, Welches, Rhododendron and Brightwood. We have two re-known camps in our area, Windells, in Brightwood and High Cascade in Government Camp. Shawn attended Windells.

Here is an article in OregonLive that gives more details on our summer treasure. At nearly $1500-$1800 per week for campers to attend, this gives a major shot in the arm economically to local business owners who garner the spending of the kids and often their parents who vacation in our state while their kids are in camp.

Mt. Hood has seen its share of business closures due to tough economic times so this is a welcome reprieve and a shot of cash for many of our smaller businesses!

 

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Lowest Interest Rates Since 1971!

Friday, June 25, 2010
by Liz Warren

That is right. Read the headline! These are the lowest interest rates since 1971! We are talking nearly 40 years.

Average 30-year home loan rates : 4.69 percent

Average 15-year mortgage rates are just 4.15 percent

Buy now or take advantage of a refi. These are unbelieveable rates!

 

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Mt. Hood Seven Sales for May 2010

Wednesday, June 23, 2010
by Liz Warren

Mt. Hood Sales for May 2010

Here are the seven sales for the month of May in 2010 in the Mt. Hood Area. Two of these homes were foreclosures and finally, a forest service cabin sold!

Now that the Fed stimulous is over there is a major rush to close those deals by the end of June. This may have pushed purchasers into the first half of the year for buying and many experts predict a lag in July and August since many buyers took advantage of that tax credit opportunity. Even though this tax credit was extended into 2010, only one fifth of the numbers seen in 2009 took advantage compared to the surge of sales in 2009. Numbers are weak throughout the US for 2010 with new mortgage applications lagging and new construction sales down by 32% according to Reuters today.

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Mt. Hood Real Estate Sales for May 2010

Tuesday, June 22, 2010
by Liz Warren

The Portland Metro RMLS has sent out the latest sales for May 2010. Here are the stats:

Mt Hood real estate sales May 2010

The numbers tell the story. Lots of inventory coming on to the market for summer with 36 new listings in May! Although this chart tells us there were six sales, there were actually seven. Pending sales are up compared to last year at this time with a 50% increase. The majority of these pending sales are foreclosures under $200,000.

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Buying Mt. Hood Foreclosures

Tuesday, June 22, 2010
by Liz Warren

If you are considering purchasing a foreclosure on Mt. Hood from Government Camp, Rhododendron, Welches or Brightwood, you may want to review the "gut check list" here:

Distressed Property Buyer Info

foreclosures demand a different mindset from buyers and they need to be mentally prepared.

View Foreclosures in our area here

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It's Time To Buy

Monday, June 14, 2010
by Liz Warren

Graduations are over and school is out. Now is the time to buy with increased inventory giving lots of opportunities for choices on the mountain! Interest rates are the best we've seen in a long time and sellers are motivated. The rain is over and there's plenty to look at so take advantage of these times.

Your dollars will go farther with low interest rates. If rates increase by 1% you will loose 10% of your buying power. There are many foreclosures and short sales too for bargain hunters and investors!

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Case Shiller's Numbers For Portland

Tuesday, May 25, 2010
by Liz Warren

It's the perfect storm for buyers of Mt. Hood properties. An incredible inventory of choices and some of THE BEST INTEREST RATES we've seen plus MANY motivated sellers!

This chart shows the Case Shiller numbers over the years for cities and how they look during different time frames from the peak of the market. I'm glad I don't live in Vegas! Of course the Mt. Hood area, which is predominately a second home market, will be greater than 21% but to pin that number down is not within my capabilities.

Portland Case Shiller Index for March 2010

 

 

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Displaying blog entries 691-700 of 783

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