Displaying blog entries 731-740 of 880
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.
Market activity for the month of May has been reported to multiple listing service for Government Camp, Welches, Rhododendron and Brightwood. A total of four sales for the month of May.
From the numbers above you can see year to date, pending sales are down nearly 24% from the year before. This makes for a very competitive marketplace for sellers. Buyers can pick and choose to their hearts content. It's the perfect time to buy while rates and down and costs are low for buyers. Even if prices go down further, this is the best time to purchase while the cost of borrowing is low.
Follow OPB's current series on Mt. Hood Inc. This story is about the economic impact of it Mt. Hood disappeared and what would happen to the many jobs in the area. It's called: How Many Jobs Disappear If Mt. Hood Inc. Leaves Oregon? and it covers ski areas, National Forest jobs, resort jobs and more.
If you missed the story on OPB today live at Timberline Lodge you can catch the podcast here. OPB, Oregon Public Broadcasting, is presenting a series called Mt. Hood Inc. This series is to cover the "value" of Mt. Hood, economically and otherwise.
Beginning the week of June 13th the following areas will be covered on OPB:
Business, Jobs, Products, Brand, Costs and Economic Impact
Find more news, photos and details to follow the week's stories check here.
This gives a valuable background of many details about our Mt. Hood area from tourism, to jobs, numbers of visitors, how people feel about the mountain and more. This will be likely the most comprehensive analysis of the mountain area that has been done in a long time.
For example, did you know that 1.7 million dollars of board feet of timber was cut in the Mt. Hood National Forest in 2010?
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.
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.
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.
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.
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.
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.
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.
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.
Displaying blog entries 731-740 of 880
