Liz Warren
Displaying blog entries 701-710 of 1880
The Bite of Mt. Hood is one of the premier fund raising events in our Mt. Hood area. Enjoy a great evening of food, entertainment, great items to bid on from art to plants to restaurants. Support this great event!
February sales on the mountain hit 15 with six of those properties in Government Camp. Four of the Government Camp sales were for condos. This amazing ski season has totally revived the Condo market in Government Camp after a drought of poor snow seasons.
Two Mt Hood National Forest cabins closed and the inventory of cabins is still sadly lacking at this time. Perhaps sellers are waiting for summer to roll around after this challenging winter of snow decreasing accessibility.
Take away the condo market and we only have 32 single family homes for sale today. Just over a third of those homes are in the Government Camp area which brings about 19 homes available in the higher populated Welches, Rhododendron and Brightwood area.
The pervasive housing crunch in Portland and our area has created a problem for renters and buyers seeking their first home as prices continue to edge upward due to limited supply.
When 22% of your available homes for sale are under $300,000 you know your choices are limited and affordable housing is quickly out the door.
Mt. Hood inventory is under a three month supply creating a sellers market from top to bottom.
Here are February sales:
Residents and property owners in Welches, Government Camp, Rhododendron and Brightwood may enjoy this local conversational meeting called Coffee with a Cop on March 24 at the Dragonfly Cafe in the Mt. Hood RV Village. Details below
Now that we are heading into spring after the pretty harsh winter of snow and storms, limbs are getting picked up, yards are looking better and trees are getting trimmed. The last March snow storm was a surprise for many but the mountain is getting cleaned up!
February sales that closed were mostly a result of transactions put together in 2016 with a total of 16 residential sales.
Inventory is super low right now. We only have 46 homes currently on the market and 11 of those properties are under $300,000! Price per square foot is inching up to around $200. You can see the pending sales were down 25% compared this month last year. The average sales price is now $313,000 for 2017. This should be an interesting year as we head towards summer!
Resort at the Mountain golf course home located on the 7th fairway of Foxglove. Fantastic full time or vacation home with tons of natural light with sun filled windows and floor to ceiling fireplace in the living room. High vaulted ceilings and steps to your outside deck to watch the golfers go by. Master bedroom on the main with sun room complete with skylights and slider to deck. Two bedrooms upstairs plus a bonus kids room off one of the bedrooms. Second bath upstairs with skylight.
Amenities include common areas with park, nature trails, swimming pool and tennis courts. Only 20 minutes to skiing. Close to the Mt. Hood National Forest for hiking. One hour to PDX. $369950
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In 2011 explorers Brent McGregor, Eduardo Cartaya and Scott Linn began photographing and mapping Mt. Hood’s Glacier Ice Cave. This was the largest glacier cave system in the lower 48 with more than 7,000 feet of passages. News coverage by OPB and the Oregonian brought much interest in the ice caves to the public. Only five years later, the caves are gone and collapsed.
OPB has some stunning photos of what the cave looked like at discovery and after the collapse.
If you've thought about building your Mt. Hood getaway or retirement home, this is a fantastic location for your home. Sewer is in the street for easy hook-up. Level building site with usable property tucked away in a secluded location. Close to all Mt. Hood activities with the Mt. Hood National Forest just down the road and 20 minutes to premium ski slopes of Mt. Hood! Tired of your city density and sitting in traffic all day? Spread out on this land and enjoy a peaceful getaway! $110,000
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January stats show nineteen sales closed for the mountain. The Government Camp market dominated with three Condo sales including Barlow Pass West, Edelweiss and one Collins Lake unit and three single residential units closing from $395,000 to $550,000. No doubt this winter's stellar snow amounts helped drive that market which had been slower in prior years due to poor ski conditions.
The second largest area of sales were in Timberline Rim. Four homes closed in January. We still have many buyers looking for Timberline Rim homes due to their affordability and amenities. Homes in Timberline Rim range from around $180,000 to $400,000 and is the largest subdivision in the area. Originally offered in the late 1960's it's been a big favorite for vacation home owners and full time residents. Paved roads with sewer and water plus swimming pool in the summer and tennis court make a great neighborhood setting.
Minimal inventory could slow sales down this year but hopefully as we near spring things will pick up and satisfy the demand.
The multiple listing statistics are out for January 2017. Inventory is unbelievably low right now with only 45 active listings. Likely, most of the eighteen sales for the month were cumulative from October, November and December pending sales. You can tell inventory is low with the average sales price climbing to $307,600.
Homes under $300,000 are in highest demand frequently having multiple offers on the table. Buyers are out to find their dream home before interest rates start to move up this year cutting into affordability. Here are the projections from MBA, NAR and Fannie Mae.
Sellers should consider getting their homes on the market today with minimal competition right now. As we head towards spring, the majority of sellers will place their home on the market in April, May and June creating more competition!
Displaying blog entries 701-710 of 1880
