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.

The Homeowner Flood Insurance Affordability Act, S. 1926 Passes Vote in the Senate!


Mt Hood has many rivers and streams that are susceptible to Flooding and the recent enactment of the Biggert-Waters Act that went into effect last October 1, 2012 has left many not knowing what the future holds. “On January 30, 2014, the US Senate passed S.1926, the Homeowner Flood Insurance Affordability Act, on a vote of 67-32. Support for this bill included several Republican Senators from the coastal states of Louisiana, Mississippi, Georgia and Florida, suggesting that Congress may yet enact additional modifications to the flood insurance program this year. Action in the House is not yet assured, but there are indications that the House will consider a modified version of the Senate proposal.” per the Dentons on-line publication, Kara  Baysinger, Gary L. Goldberg, Mary Pat Lawrence and Sander  Lurie contributors.

Also,  the National Association of Realtors (NAR) released this exerpt, “This legislation will help homeowners nationwide who are experiencing financial hardship as a result of extreme flood insurance rates that are the unintended consequence of the Biggert-Waters reforms to the National Flood Insurance Program” ,  per Jenny Werwa for the NAR.

Kudos to both Senator Jeff Merkley and Senator Ron Wyden of Oregon to their yes votes. On the  House of Representatives where we hope gridlock is not their middle name in 2014!

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
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