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Mt Hood Real Estate Market Snapshot: March 30, 2014

Homes, Cabins & Condominiums: Mt Hood Area (153) per the Regional Multiple Listing Service (RMLS) which includes homes and cabins in Welches, NewMHRElogo_sredhood2Rhododendron , Brightwood, and Government Camp Oregon.

  • 91 Current Active Residential Home Listings which includes Single Family Homes, Cabins, & Condos. This is heading towards a seasonal low for inventory.  The Median List Price is $235,000.  There are 3 Bank Owned Listings, and 2 Short Sale Active listings
  • 24 Pending Home & Cabins are currently under contract.
  • 2 Short Sale Pending Residential Home Listings.
  • 41 Homes and Cabins have closed so far in 2014. Only 1 sale was a bank owned property & 1 a Short Sale.  The median Sale Price to date is $237,500.

Lots and Acreage: Mt Hood Area (153)

  •  44 Active Undeveloped land listings in the Villages of Mt Hood.
  • 1 Pending Undeveloped land property is currently under contract.
  • 2 Undeveloped land properties have sold so far in 2014.

Psst: How is 2014 measuring against 2013? Take a look at the Market Snapshots for March 22, 2013 for an in-depth review of the Mt Hood Real Estate marketplace.

By |March 30th, 2014|Categories: Market Snapshots|0 Comments

Market Snapshot: February 23, 2014

NewMHRElogo_sredhood2Homes, Cabins & Condominiums: Mt Hood Area (153) per the Regional Multiple Listing Service (RMLS) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 85 Current Active Residential Home Listings which includes Single Family Homes, Cabins, & Condos. This is heading towards a seasonal low for inventory.
  • 22 Pending Home & Cabins are currently under contract.
  • 2 Short Sale Pending Residential Home Listings.
  • 20 Homes and Cabins have closed so far in 2014. Only 1 sale was a bank owned property.

Lots and Acreage: Mt Hood Area (153)

  • 45 Active Undeveloped land listings in the Villages of Mt Hood.
  • 1 Pending Undeveloped land property is currently under contract.
  • 2 Undeveloped land properties have sold so far in 2014.

Psst: Take a look at the Market Snapshots for January 2013 & March 2013 for an in-depth review of the Mt Hood Real Estate marketplace.

2013 Market Snapshot for Mt Hood Real Estate

2013VolumebyQuarter

In 2013 there were 158 Closed home sales in the Villages of Mt Hood from Alder Creek on the west to Government Camp to the east and also including the towns of Welches, Brightwood and Rhododendron, Oregon.  2013 closed sales were up from the 140 closed transactions in 2012 or a 13% increase in the number of sales for 2013 . Volume is a more impressive increase for 2013. Total Residential Sales volume for the year was up by approximately 28% over 2012.

Here are some additional Mt Hood Real Estate Market factoids:

  • The Median Sale price rose in 2013 to $201,750.  It was up from $172,000 for the 2012 Median Sale Price for Homes, Cabins and Condos.
  • The total number of Distressed Sales, either a Bank Owned or Short Sale transaction,  in the Villages of Mt Hood fell in 2013 to 14% of the total Number of closed sales or 9% of the total volume.  In 2012,  25% of the transactions were “Distressed” sales.  I predict these distressed sales will continue to dribble into the marketplace creating what is being called a “New Normal”. The new category of Judicial Forecloses for the state of Oregon may impact the marketplace.  Time will tell.
  • Forest Service cabins accounted to approximately 16% of the market in 2013. This is not much of a change from 2012.  The Median Sale price was  $115,000 in 2013 and in 2012 it was $148,500 . This was a 23% DROP in 2013, the only niche Mt Hood Market in 2013 to have experienced a decline. The reason for this decline was a large number of sales at the lower price points due to necessary infrastructure improvements ie. septic system installation that the buyers completed.
  • Waterfront properties account for a significant number of transactions each year in the Villages of Mt Hood. In 2013, 37% of the transactions were on streams, creeks, rivers or lakes.
  • There was an Increase in Government Camp condo volume in 2013 over 2012 by a walloping 101% .  Fewer distressed sales and increase in the High End Luxury condos sales account for the percentage increase.

Happy House Hunting in 2014!

Mt Hood Real Estate’s Market Snapshot: February 5, 2014

NewMHRElogo_sredhood2

Homes, Cabins & Condominiums: Mt Hood Area (153) per the Regional Multiple Listing Service (RMLS) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 86 Current Active Residential Home Listings which includes Single Family Homes, Cabins, & Condos. This is
  • heading towards a seasonal low for inventory. The question now is will there be inventory latter this spring and summer?
  • 22 Pending Home & Cabins are currently under contract.
  • 3 Short Sale Pending Residential Home Listings which is lower than in December 2013.
  • 12 Homes and Cabins have closed so far in 2014 one of which was a REO or Bank Owned property.

Lots and Acreage: Mt Hood Area (153)

  • 42 Active Undeveloped land listings in the Villages of Mt Hood.
  • 2 Pending Undeveloped land properties currently under contract.
  • 1 Undeveloped land property has sold so far in 2014.

Psst: Take a look at the Market Snapshots for January 2013 & March 2013 for an in-depth review of the Mt Hood Real Estate marketplace.

 

Mt Hood Market Snapshot: Dec. 13, 2013

Homes, Cabins & Condominiums: Mt Hood Area (153) which includes homes and cabins in Welches, Rhododendron , Brightwood, and MHRELogoBorderGovernment Camp Oregon.

  • 98 Active Homes and Cabins Currently listed for sale.  This includes Single Family Residences, Condos & Cabins. This number continues in winter downward trend which can mean for those homes on the market less competition.
  • 30 Pending Home Sales which has ticked upward!
  • 5 “Short Sale” Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 144  Homes and cabins have sold to date in 2013 compared to 132 sales in the same time in 2012

14% of the closed sales in 2013 have been “Distressed Sales” which are either Foreclosures or Short Sales. Last year 26% of the sales had been “Distressed”. ***Keep an eye on this Distress Sale number.  There are still a number of homes that are tied up in the Judicial Foreclosure process and may hit the market in 2014.*** Here is a good Article to Read about Third Quarter Foreclosure Stats For The Portland-Metro Area: What Are They Telling Us? written by Phil Querin, Querin Law.  Also, the Median Sale Price has also risen from $169,500 in 2012 to $209,500 in 2013.

Lots and Acreage: Mt Hood Area (153)

  • 52 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 2  Pending Sales
  • 8  Undeveloped Land Properties have sold to date in 2013.

Check out all unique Homes and Cabins in the Mt Hood area by property type:

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By |December 14th, 2013|Categories: Market Snapshots|Tags: , , |0 Comments

Mt Hood Market Snapshot: October 29, 2013

Homes, Cabins & Condominiums: Mt Hood Area (153) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 120 Active Homes and Cabins Currently listed for sale including one Bumpable Home .  This includes Single Family Residences, Condos & Cabins.  This number started to trend down over the past month.
  • 27 Pending Home Sales which is the same as the Sept 15, 2013 Market Snapshot
  • 8 “Short Sale” Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 117  Homes and cabins have sold to date in 2013 compared to 106 sales in the same time in 2012 (This year 9% were Distressed Sales which were either Foreclosures or Short Sales. This percentage has been trending downward all year which marks a much healthier Real Estate Market Place when you compare it to 29% of Distressed Sales during the same time period in 2012.) ***Keep an eye on this Distress Sale number.  I review it monthly just to see the current trends.  There are still a number of homes that are tied up in the Judicial Foreclosure process and may hit the market in 2014.*** Here is a good Article to Read about Third Quarter Foreclosure Stats For The Portland-Metro Area: What Are They Telling Us?

Lots and Acreage: Mt Hood Area (153)

  • 53 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 3  Pending Sales
  • 6  Undeveloped Land Properties have sold to date in 2013.

Check out the Mt Hood Market Snapshot for October of 2012

Check out all unique Homes and Cabins in the Mt Hood area by property type:

Market Snapshot: September 15, 2013

Homes, Cabins & Condominiums: Mt Hood Area (153) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 140 Active Homes and Cabins Currently listed for sale. Includes Single Family Residences, Condos & Cabins. Keep an eye on this number!  There still is a lot of inventory in the Villages of Mt. Hood
  • 27 Pending Sales
  • 11 “Short Sale” Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 96  Homes and cabins have sold to date in 2013. (11% were Distressed Sales which were either Foreclosures or Short Sales. This percentage has been trending downward all year which marks a much healthier Real Estate Market Place when compared to 32% of Distressed Sales for the same time period in 2012.)

Lots and Acreage: Mt Hood Area (153)

  • 53 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 2 Pending Sales
  • 5 Undeveloped Land Properties have sold to date in 2013.

Check the  Market Snapshot: Sept 25, 2012 Link.

Mt Hood Real Estate For Sale  in the Villages of Mt Hood includes:

Market Snapshot is a Periodic Peek at Mt Hood Real Estate Market Conditions provided by Blythe Creek.

By |September 15th, 2013|Categories: Market Snapshots|Tags: , |0 Comments

Market Snapshot: August 21, 2013

Homes, Cabins & Condominiums: Mt Hood Area (153) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 143 Active/Bumpable Homes and Cabins Currently listed for sale. Includes Single Family Residences, Condos & Cabins. Keep an eye on this number!  There still is a lot of inventory in the Villages of Mt. Hood
  • 20 Pending Sales
  • 11 Short Sales Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 84  Homes and cabins sold to date in 2013. (11% were Distressed Sales which were either Foreclosures or Short Sales. This percentage has been trending downward all year which marks a much healthier Real Estate Market place when comparing it to the August 2012 when 35% of the sales were Distressed Sales.)

Lots and Acreage: Mt Hood Area (153)

  • 53 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 2 Pending Sales
  • 4 Sold Undeveloped Land Properties to date in 2013.

Here are the links for the Market Snapshot: August 28, 2012 and the Market Snapshot: 8-16-2011

Mt Hood Real Estate For Sale  in the Villages of Mt Hood includes:

Market Snapshot is a Periodic Peek at Mt Hood Real Estate Market Conditions provided by Blythe Creek.

Market Snapshot: July 28, 2013

Homes, Cabins & Condominiums: Mt Hood Area (153) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 132 Active/Bumpable Homes and Cabins Currently listed for sale. Includes Single Family Residences, Condos & Cabins. Keep an eye on this number!  There still is a lot of inventory in the Villages of Mt. Hood
  • 28 Pending Sales
  • 8 Short Sales Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 66 Homes and cabins sold to date in 2013. (14% were Distressed Sales which were either Foreclosures or Short Sales. This percentage has been trending downward which marks a much healthier Real Estate Market place when comparing it to the July 2012 when 30% of the sales were Distressed Sales.)

Lots and Acreage: Mt Hood Area (153)

  • 51 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 2 Pending Sales
  • 3 Sold Undeveloped Land Properties to date in 2013.

Here are the links for the July 28, 2012 and the Aug 2, 2011 just for fun. Market Snapshot July 28, 2012 and Market Snapshot: August 2, 2011

Mt Hood Real Estate For Sale  in the Villages of Mt Hood includes:

Market Snapshot is a Periodic Peek at Mt Hood Real Estate Market Conditions provided by Blythe Creek.

Market Snapshot: July 7, 2013

Homes, Cabins & Condominiums: Mt Hood Area (153) which includes homes and cabins in Welches, Rhododendron , Brightwood, and Government Camp Oregon.

  • 121 Active/Bumpable Homes and Cabins Currently listed for sale. Includes Single Family Residences, Condos & Cabins. Keep an eye on this number!
  • 31 Pending Sales
  • 8 Short Sales Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 57 Homes and cabins sold to date in 2013. 16% were Distressed Sales, Foreclosures or Short Sales compared to 30% in July of 2012.

Lots and Acreage: Mt Hood Area (153)

  • 48 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 1 Pending Sale
  • 3 Sold Undeveloped Land Properties to date in 2013.

Mt Hood Real Estate For Sale  in the Villages of Mt Hood includes:

Market Snapshot is a Periodic Peek at Mt Hood Real Estate Market Conditions provided by Blythe Creek.