Mt. Hood Real Estate Sales for August 2011-14 Sales
Friday, September 16, 2011
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Mt. Hood Real Estate Market Statistics for August 2011
Thursday, September 15, 2011
Market Action from RMLS provides real estate market statistics for the Mt. Hood Real Estate area market including Welches, Government Camp, Rhododendron and Brightwood for August 2011.
We have good news and bad news. The good news is for the month of August pending sales were up 133% compared to August of 2010. The bad news is the marketing time for the sales in August was 275 days. Year to date our average sales price change is down nearly 14%. That is nearly two times the Portland metro median price decline average compared to 2010.
Oregon Median Sales Price Vs. National Average
Thursday, September 15, 2011
This chart shows current numbers for Median Sales prices in Oregon for Portland/Vancouver/Beaverton area. Nationally the prices have slipped -2.8% and "the West" down -3.1% but the Portland metro area prices hit -7.5%. the Northeast is the only section of the country with higher median prices.
Mt. Hood Foreclosures-Facing Foreclosure? Read This
Sunday, August 28, 2011
If you are facing a Mt. Hood foreclosure you may want to pay attention to this recent article in the Oregonian concerning a delay of many foreclosures going to court. This could delay your foreclosure for a while and as the court reviews these cases, some of our Oregon laws could make you liable for the difference in what you owe to the lender and what your home actually sells for.
How did this happen? Well, last year Federal judges started blocking foreclosures because the lenders did not follow procedures properly. If your mortgage was sold many times (and most have- through MERS*) the requirement is that each sale of that mortgage is to be recorded in the County that the sale takes place. MERS eliminated that "recording" process and these Federal judges are calling that process invalid because they did not follow the law's requirements.
Call your lender and be sure of the dates for foreclosure because you may be premature in your move out of your home.
*What is MERS and what does it mean to me in an Oregon foreclosure?
Mt. Hood Real Estate Sales from Market Action-RMLS
Tuesday, August 16, 2011
Here is a recent chart of activity comparing last year to this year in our Mt. Hood real estate area from Government Camp, Welches, Brightwood, and Rhododendron. This is direct from RMLS reflecting activity in July 2011.
Comparing 2010 to 2011 pending sales are down 45%. Our average sale price, year to date, is down 11.1%. This figure doesn't give much of an indicator though due to so little data. Closed sales by the end of July for the mountain hit 49. This is really surprising considering the incredible interest rates available. Now is the time to buy on the mountain with plenty of inventory and excellent rates for great affordability.
Mt. Hood Sales Numbers for July 2011
Sunday, August 14, 2011
Sales numbers are in for the Mt. Hood real estate sales for July 2011. A flurry of activity is occurring in August so sales numbers should be up into September and October as pending sales get to closing. The late summer weather may have compressed activity into a short time frame. Time will tell.
Eleven sales in Government Camp, Welches, Brightwood and Rhododendron for the month of July brought in the greatest numbers of this year.
The break down in numbers:
Six foreclosures or short sales
Five creek or riverfront sales
NAR reports on Sales for 2011 compared to 2010 for Portland Vancouver areas
Saturday, August 6, 2011
This graphic comes from NAR, the National Association of Realtors. It shows how the Portland-Vancouver metro area compares to last year at this time. You can see the number of listings available has declined nearly 30% compared to 2010. Could this mean sellers are waiting out this market?
This is not true for the Mt. Hood area market in Brightwood, Welches, Rhododendron, and Government Camp. This market is flush with homes, cabins and condos and a buyer's dream. Rates have never been this low coupled with a fantastic selection of properties, it's a perfect time to purchase!
Mt. Hood Area Sales for June 2011
Tuesday, July 19, 2011
June was pretty amazing compared to the first five months of the year in monthly sales. Government Camp, Welches, Brightwood and Rhododendron hit a whopping eleven sales for June. Residential sales totaled 39 for the year with the addition of these 11. That total is no record breaker of course and here's hoping better weather and more buyers come out and take advantage of this inventory the second half of the year.
Here are the June sales:
1 Condo
1 Timberline Rim home
Mt. Hood Real Estate Multiple Listing Numbers are in for June 2011
Sunday, July 17, 2011
The multiple listing service just came out with the Mt. Hood area statistics for June. This is for sales including Government Camp, Welches, Rhododendron and Brightwood. Number of sales were substantially up to eleven sales! Total sales since the beginning of the year hit 39.
Summer has finally arrived and many sellers have placed their properties on the market for the prime summer season. Incredible deals are available with many motivated sellers. It's the perfect time to purchase while interest rates are low making homes more affordable. This could be a once in a generation opportunity according to CBS Money Watch.
Mt. Hood Foreclosures on the Market for July 2011
Saturday, July 16, 2011
Looking for a foreclosure to purchase in Government Camp, Welches, Brightwood, or Rhododendron? Here are today's offerings on the market:
Three condos are on the market with two in the Government Camp Collins Lake complex and one in the Fairway Estates units at the Resort at the Mountain.
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