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Mt. Hood Pending Sales

Friday, March 11, 2011
by Liz Warren

March snows brought a big dump in Welches, Rhododendron, Brightwood and of course Government Camp. At least 16 inches of snow fell in the Cascades with much of it still on the ground. This cut buyer access for showings down for many days as side streets were nearly impassable if not plowed. Elevations of 2,000 on up are still not easy to get to.

 Here are the current pending sales for our area below. Out of the ten pending sales, five are bank foreclosures. Although nationally we are hearing less foreclosures are coming on the market right now, they are only delayed and will actually slow the housing recovery. Once the paperwork has been righted, these properties will be on the market.

Mt. Hood Pending sales

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Oregon Foreclosures Halted

Monday, March 7, 2011
by Liz Warren

 

Many foreclosures in Oregon have been halted due to recent court actions involving MERS. If you have a loan that was run through MERS it is highly possible your foreclosure has been stopped in Oregon as this gets sorted out in Oregon courts. What is MERS?

Read this article about recent foreclosures events in Oregon.

 

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Home Affordability Numbers

Wednesday, February 23, 2011
by Liz Warren

Did you know that the last quarter of 2010 had the greatest home affordability for the US in the past 20 years when records were started for this index! No misprint! Taking the average income of a family, this is the most affordable time to purchase a home. It looks like 2007 was the least affordable time to purchase a home. Indianpolois-Carmel, Indiana is the most affordable location in the US to buy a home today with 93% of the average income earners in the area able to purchase a home. At the other end of the spectrum, Santa Cruz, California was the least affordable for the average income earner at a 45% rate able to purchase. If you can qualify for a loan, this is the best time to purchase a home!

Mt. Hood Home Affordability chart

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January Multiple Listing Stats for 2011

Wednesday, February 23, 2011
by Liz Warren

The regional multiple listing service has released the numbers for January 2011. The glaring number is the 50% increase in pending sales from this same month last year. This reflects the huge decrease in sales at the end of 2009 that would have been closing in 2010. The days on market is an eye opener at 253 days. This shows it's much better to have your home priced competitively on the market rather than churning up marketing time which will produce a lower price in the long run.

Listing and Sales chart for January 2011

 

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Mt. Hood Sales for January 2011

Wednesday, February 23, 2011
by Liz Warren

The numbers are in for January 2011. Six sales closed this past month. Only one foreclosure in the group. Most sales this month were second home buyers.

Mt. Hood Sales for January 2011

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Government Camp Real Estate-A Buyer's Market

Monday, February 14, 2011
by Liz Warren

The Government Camp real estate market is a total buyer's market. Here are statistics from First American Title for the past week's round up. Extended marketing times of over 400 days for most price ranges indicate a need for movement downward to sell. The most plentiful of choices come at Collin's Lake where condos are offered in the low $200,000 range. Although many of these offerings are bank foreclosures-most are located along Hwy 26 with a level of noise many buyers are not willing to accept. Difficulty in securing financing on Condo units should continue to crowd this market with additional inventory causing prices to dip further.

Government Camp real estate market

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Sales Numbers on Mt. Hood For December 2010

Monday, January 24, 2011
by Liz Warren

Don't forget, real estate is LOCAL. Nationally the news is that sales were up around 12% nationally for the month of December. We can see that is not the case in the Mt. Hood area although activity has picked up for January. Pending sales compared to last year at this time is down 27%. Overall for the year, sales are down nearly 9%.

 

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Collins Lake Condo Foreclosures Dominate Condo Market

Saturday, January 15, 2011
by Liz Warren

Collins Lake foreclosures are dominating the market in Government Camp. Here is a recent new listing that just became available today.

Collins Lake New Foreclosure

Another foreclosure unit went pending today, listed at $240,000

The last two sales closing in Collins Lake were also foreclosures. Once closing at $207,000 and another at $234,000.

 

 

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Mt. Hood Area Sales for December 2010

Saturday, January 15, 2011
by Liz Warren

December 2010 saw six closed sales for the month according to multiple listing service. Here are the six sales:

Mt. Hood Area Sales for December 2010

The first two listed are foreclosures. Two properties were in Government Camp. The majority of homes selling at this time are second homes vs. primary residential properties. Three of these sales were cash and three with conventional loans.

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Interesting Foreclosure Numbers

Saturday, January 15, 2011
by Liz Warren

Here are some interesting foreclosure numbers from RealtyTrac concerning 2010's numbers:

*2.87 million homes received foreclosure filings in 2010

*Foreclosure notices were up 1.67% from 2009

*They were up 23.23% from 2008

*1 in every 45 homes in the United States received a foreclosure filing

*Five states accounted for half of foreclosures: California, Florida, Arizona, Illinois and Michigan

*In California, 1 in every 25 homes received a foreclosure filing

*In Nevada, 1 in every 11 homes received a foreclosure filing

*In the 4th quarter of 2010, foreclosures slowed due to documentation issues

*1 million homes were foreclosed on in 2010

*The documentation delay will push foreclosures into 2011 for a projected 1.2 million foreclosures

*2011 should be the peak of the market downturn

 

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Displaying blog entries 691-700 of 821

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