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Mt. Hood Real Estate Blog

Liz Warren

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Displaying blog entries 501-510 of 1876

Mt. Hood Classic Cabin on the Zig Zag River

by Liz Warren

They don't come along that often but this is a classic original cabin located right along  the Zig Zag River near Government Camp. High vaulted ceilings with beams and a beautiful stone fireplace are highlights of this cabin. Original paned windows let lots of light in. The kitchen and bath are original. One bedroom on the main level has a set of bunks and a bed. A charming loft is over the living room area with the perfect perch for sleeping. A pull down ladder takes you to the tucked away third bedroom. 

Overlooking the Zig Zag River is a spacious deck. The river is just a stone's throw from the deck. The cabin also has a near by outbuilding for wood. The cabin has a gated driveway shared by a neighboring cabin. This one won't last! $299,000!

    Classic cabin on the Zig Zag River            Stone Fireplace in a Government Camp CabinClassic 1930's Cabin on the Zig Zag River

Priicing Your Mt. Hood Property

by Liz Warren

           

Buying or Selling on Mt. Hood?

by Liz Warren

         

Is It Time to Sell your Mt. Hood Vacation Home?

by Liz Warren

                  Is it Time to Sell Your Vacation Home?

     Mt. Hood Vacation Cabin     Mt. Hood Vacation Home
 

The travel industry is one of the major sectors that’s been hit extremely hard by the COVID-19 pandemic. Today, it’s hard to know how long it will take for summer travelers to be back in action and for the industry to fully recover. Homeowners who rent their secondary properties on their own or through programs like Airbnb, which has over 660,000 listings in the U.S. alone, have been impacted in this challenging time. Some of these homeowners are considering selling their vacation homes, and understandably so.

A recent CNN article indicated:

“With global travel screeching to a halt during the pandemic, a number of Airbnb hosts are planning to sell their properties…These desperate moves come as hosts face the possibility of losing thousands of dollars a month in canceled bookings while bills, maintenance costs, and mortgage payments pile up.”

If you’re one of the property owners in this position, you too may be feeling the pain of decreased travel, especially as we prepare for the typical busy summer vacation season. A recent survey notes that 48% of Americans have already canceled summer travel plans due to the current health crisis. In addition, 36% indicated they don’t have vacation plans, and only 16% said they did not cancel their summer travel.

The same survey also asked, “How long will you wait before traveling again?” Not surprisingly, only 29% of respondents are planning to travel within the next 6 months. That means 71% are putting their plans on hold for at least 6 months, or are still unsure about future travel. That can continue to add to the significant income loss that many property renters felt this spring.Is it Time to Sell Your Vacation Home? | MyKCMIf you’re considering selling your rental property, know that there are two key factors indicating that selling your vacation home now may be your best move as a homeowner.

1. Inventory Shortage

The inventory of overall homes for sale is well below the demand from potential buyers, so many eyes may be searching for a home like yours. According to the National Association of Realtors (NAR), total housing inventory, meaning homes available to purchase, is down 19.7% from one year ago (see graph below):Is it Time to Sell Your Vacation Home? | MyKCMInventory across the country continues to be a challenge, with only a 4.1-month supply of listings available at the current sales pace. For a balanced market, where there are enough homes available for interested buyers to purchase, that number would need to bump up to a 6-month supply. This means we don’t have enough inventory for the number of buyers looking for homes, so selling in this scenario is ideal. Buyers are looking now, and some vacation homes make a great primary residence or second home for those eager to escape from more populated urban areas.

2. Home Prices

The lack of inventory is also keeping homes from depreciating in value. Today, prices are holding strong and experts forecast home price appreciation to continue throughout this year. Selling your home while prices are holding steady is a sound business move. You’ll likely have equity you’ve earned working for you as well. If your home has been vacant for the past few months, the forced savings you have built in your equity may help balance out possible rental income loss due to the slowdown in the travel industry.

Bottom Line

We don’t know exactly when heightened summer travel will return or what it will look like when it does. If you’re considering selling your vacation home, let’s connect today to determine your options in the current market.

Listings and Pending Sales in Portland Metro

by Liz Warren

Here are some stats showing COVID impact on new listings for the Portland Metro area for 2020 in RED. Prior two years are in green and blue. The second chart is for Pending sales for 2020.

Summer will be the new spring for sales this year. Listings are starting to fill in on Mt. Hood with twenty nine current properties for sale. This is the lowest inventory on the mountain ever!

Three Years of New Listings in Portland Oregon


Pending Sales for Portland Oregon in April 2020

Virtual Tours

by Liz Warren

                      

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC]

Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC] | MyKCM
 

Some Highlights

  • Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level.
  • Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
  • Let’s connect to determine the best way to position yourself for a move in today’s market.

            

Mt. Hood Short Term Vacation Rentals

by Liz Warren

Here is the latest communication from Clackamas County concerning unincorporated short term vacation rentals:

Yesterday the Board of County Commissioners agreed to delay for six months (until Nov. 17, 2020) any further action on possible regulations for short-term rentals in unincorporated Clackamas County.  The action was taken because of the changed circumstances brought about by the COVID-19 pandemic, including:

  • Almost total loss of revenue for the county’s Tourism Department, which was going to help fund start-up costs for a possible short-term rental registration program
  • Dramatic drop in demand for short-term rentals

 

The status of short-term rentals in the county will continue to be as it has been, with no registration program or specific regulations except for the requirement to pay Transient Lodging Tax to the county's Finance Department (see details herehttps://www.clackamas.us/finance/transient.html) .  On November 17, the Board of Commissioners will again discuss the issue of possibly regulating short-term rentals based on the situation at that time.

 

Regulations as currently drafted will remain on the website at www.clackamas.us/planning/str.  We will notify you when this issue is brought before the Board again or if there are other changes.  For more information, contact Senior Planner Martha Fritzie at [email protected].

 

Thank you for your interest.  Take care.

 

Ellen Rogalin, Community Relations Specialist

Clackamas County Public & Government Affairs

Transportation & Development | Business & Community Services

503-742-4274  | 150 Beavercreek Road, Oregon City, OR 97045

Office hours:  9 am – 6 pm, Monday-Friday

Mt. Hood Three Bedroom in Gaated Arrahwanna Estates

by Liz Warren

Here's a private secluded home on over a half acre of land in the gated community of Arrah Wanna Estates located in Welches, Oregon. This home features three bedrooms and two baths with just under 1800 square feet of living space. Wood floors and vaulted ceilings are features of the living room. An open floor plan opens to the kitchen that features stainless steel appliances. A few steps more and you're into the family room or hobby room for projects. It also might make a great office. 

There's one bedroom on  the main level. Stairs take you up to a spacious master suite with sitting room, closet area and a remodeled bathroom that includes a tub, shower and skylight. A cozy loft bedroom sits over the living room

Outside features include a covered patio area and two different yard areas to use. A pergola is over the barbeque area. There's also multiple outbuildings. Just off the two car carport is an attached shop or storage area. Another outbuilding has storage and what was once a two horse stall with a fenced closed in area. 

The asking price is $425,000.

 

    	25154 E TILLICUM ST. Welches, Or. 97067           Living Room of Tillicum Street three bedroom home on Mt. Hood


    Mt. Hood Three Bedroom Kitchen with Stainless Steel appliances           Welches Oregon yard in ArrahWanna Estates

Displaying blog entries 501-510 of 1876

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