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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: 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.

Market Snapshot: April 16, 2013

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

  • 91 Active homes and Cabins Currently listed for sale. Includes Single Family Residences, Condos & Cabins. Keep an eye on this number!
  • 23 Pending Sales
  • 6 Short Sales Pending Sales  (This is a New Multiple Listing Category starting in 2012)
  • 32 Homes and cabins sold to date in 2013.

Lots and Acreage: Mt Hood Area (153)

  • 44 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 1 Pending Sale
  • 2 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.

Market Snapshot: March 22,2013

Homes, Cabins & Condominiums: Mt Hood Area (153)

  • 86 Active homes and Cabins Currently listed for sale. Includes Single Family Residences, Condos & Cabins. Keep an eye on this number!
  • 21 Pending Sales
  • 8 Short Sales Pending Sales(This is a New Multiple Listing Category starting in 2012)
  • 22 Homes and cabins sold to date in 2013.

Lots and Acreage: Mt Hood Area (153)

  • 40 Active land listings in the Mt Hood Area or Villages of Mt Hood
  • 1 Pending Sale
  • 2 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.

Rental Increases Should Prompt More Home Buying Moves

Rents are still going through the roof, just not as quickly.

Rents were up for the third consecutive year in 2012, when they rose a bit slower than in 2011, but forecasts call for rent increases in 2013 to match 2012’s increases, according to MPF Research.

That puts more pressure on housing consumers to buy and lock in housing costs to beat both the rising cost of rent and the growing costs of owning a home.

Buyers who move now can still enjoy record low interest rates, distressed property bargains and relatively affordable home prices.

However, most renter movement in the apartment sector consists of households opting for one apartment over another.

Loss of renters to the owner-occupied housing market sector is having only a very small impact on apartment sector fundamentals, according to MPF Research.

“While the number of apartment renters opting to buy is rising a little, it remains far below the levels apartment operators were accustomed to prior to the recession,” said Greg Willett, MPF Research vice president.

“Families that have been renting single-family homes, rather than apartments, comprise a big portion of the first wave of homebuyers seen in the cycle. By far the biggest component of the apartment resident base, particularly within large urban areas, consists of young singles living alone or young-couple households. Single-family homes just aren’t the right housing option for many of them, regardless of shifts in the pricing relationship,” Willett added.

MPF Research said apartment rents climbed 3.0 percent in 2012, down from 4.8 percent in 2011, but a bit above the long-term norm of 2.5 percent recorded during the past two decades.

An increase of 3.0 percent is similar to the average results posted during shorter past periods when occupancy was sustained at strong and generally stable levels, according to MPF Research.

Those shorter periods of annual price increases of 3.0 percent came in 2005 through the middle of 2008, and earlier in the middle to late 1990s.

Among large individual metros, top markets include three San Francisco Bay Area markets – San Francisco, San Jose and Oakland – where rents rose 8 percent, 7.7 percent and 7.1 percent, respectively.

Other top rent increases were in the Denver-Boulder area where rents rose 5.9 percent in 2012; 5.1 percent in Nashville and New York; 4.8 percent in Houston; 4.6 percent in Charlotte; 4.4 percent in Portland and 4.3 percent in the Seattle-Tacoma area.

MPF also said property owners and operators didn’t push as hard for higher rents in 2012 as they did a year or more ago. They’d rather hold onto existing tenants.

“Many on the operations side of the apartment industry have focused on sustaining their very tight occupancy levels during a period when job growth and new household formation have been fairly sluggish at the same time that renter movement has begun to inch up from the unusually low levels experienced in the previous few years,” Willet said.

The average apartment occupancy rate of 94.9 percent at the end of 2012, was up a tiny bit from 94.7 percent at the end of 2011. The rate was 92 percent in 2009, when the nation’s apartment occupancy rate bottomed, MPF reported.

MPF says look for 2013’s rental market performance to be similar to the strong 2012 marlet.

“Most places are starved for new product right now, so properties that will complete over the coming year appear likely to do incredibly well, generally without hurting the results for the existing stock,” Willett said.

Written by Broderick Perkins, Realty Times


Wondering What Your Home Is Worth? — Let me show you.

By |February 4th, 2013|Categories: Uncategorized|Tags: , |0 Comments

Shifting from A Buyer’s Market

As the market shifts from a buyer’s market, it’s good to know how to improve your chances to have the seller accept your offer.

Once you decide on a home, don’t waste time; write an offer and submit it as soon as possible. Competing with another buyer happens more frequently than you’d expect. Multiple offers are a seller’s advantage but here are some tips to level the playing field:

  • Realistic offer – don’t give the impression you’re trying to “steal” the property. Submit comparable sales that justify your offer.
  • Pre-approval letter – this satisfies seller’s biggest concern that an unqualified buyer will unnecessarily take the home off the market and the seller will lose other opportunities.
  • More earnest money – it shows you’re serious and makes the seller feel like the contract will actually close.
  • Minimize contingencies – from a seller’s standpoint, each contingency is one more reason why the sale won’t go through. They feel the home is “off the market” and they’re in limbo.
  • Shorten inspection period – your agent can help you set a reasonable date but let the seller know you’re willing to close prior to that if possible.
  • Write a personal letter to the seller telling them why you want their home – this can be the emotional connection to the seller that makes the difference in you getting the home.

A seller wants to feel confident that the offer they accept will actually close so they can plan for their next move. Following tips like these can definitely affect negotiations and help put together an offer that is more likely to be accepted.

By |January 24th, 2013|Categories: Uncategorized|Tags: , |0 Comments

2012 Market Snapshot: A Year In Review

In 2012 there were 140 Home Sales which includes, homes, cabins and condos  in the Mt Hood Area, including Brightwood, Rhododendron, Welches and Government Camp. This is a approximately a 35% increase in the number of sales over 2011! The overall % difference in average sales price compared to 2011 will be published any day from 2012 from RMLS and I will share it at that time.

2012 Volume 2

The Graph on the right shows the volume per quarter in 2012.

The Average Sale Price in 2012 was $138,257 and the Median Sale Price was $172,000. The Average Price went down but the Median ticked slightly up which is a good indicator of where the middle ground is going, hence the health of the local market.

Now some additional statistics:

Mt Hood Real Estate For Sale in the Villages of Mt Hood includes Welches Oregon Real Estate, Brightwood Oregon Real Estate, Government Camp Oregon Real Estate and Rhododendron Oregon Real Estate plus Mt Hood Lots and Land It is an excellent time to buy with interest rates the lowest they have been in close to FIFTY (50) Years!

When looking for Mt Hood Real Estate come to MtHoodRealEstate.net for the latest information.