Friday, May 30, 2014

Take a Look at Washougal

Sometimes I like to focus on a neighborhood in the area and since I just wrote a piece on Washougal on my "View" blog I figured that would be a nice neighborhood to address today. Washougal is immediately adjacent to Camas and shares with that community many shopping areas and services. The two cities are symbiotic and yet rivals at the same time. Camas has become rather affluent over the last 15 years and prices in that city have gotten out of reach for many middle income people. Washougal however remains a relative value.

A common perception about Washougal is that it is far away. It isn't; and I talk about its proximity in the blog post below. Washougal offers some amazing view properties and a great variety of upscale homes that are generally priced 15-25% less than rival Camas. Washougal also offers a nice selection of vintage homes and smaller starter homes and with prices that remain affordable in this increasingly more expensive housing market.

Washougal is a classic small town that is big enough to offer the daily services of a larger city without losing the charm of rural America. Washougal is also very close in to all the "big-city" services of Vancouver and Portland.

The blog post below was re-posted from my blog, "Enjoy the View" take a look at it below and see that Washougal has much to offer.

Washougal offers some fantastic view properties and some of them are surprisingly affordable. Washougal is also one of those places that some people "think" is far away. The reality of it is this; it isn't. In fact, according to Mapquest, at 10:15am this morning a trip to PDX from downtown Washougal is 17 minutes. The drive is less than 15 miles! How in the world is that, "Far Away"? The answer is; it isn't.

In all fairness Washougal actually covers an enormous area once you get out of "town". There are places up in the mountains with a Washougal address that are easily 20 minutes to town. Even still, any location in the "country" is likely to require a bit of extra driving, it is the price one pays for the seclusion afforded to country living.

There are two Washougals. The city of Washougal which offers up some fantastic Columbia River view properties that rival the much more expensive Prune Hill in Camas. These homes are less than 20 minutes to the airport. Then there is rural Washougal. Here you will find a virtual cornucopia of small acreage properties across a variety of price ranges. many of these properties feature a fantastic view. The views range from Columbia River Gorge, Mount Hood, to Portland city, and across to the Coastal Mountains.

Washougal offers opportunity at many elevations as well. The city properties are typically under 600 feet so the winter conditions are mild. Some of the rural areas approach 2000 feet where Christmas is truly a winter wonderland. It is hard to find an area that offers as much diversity in view property as Washougal.

Washougal and Camas are immediately adjacent to each other. They share a common business corridor along 3rd Street / E Street. Washougal however offers generally lower property taxes and lower housing prices overall. This can spell value for the savvy shopper.

As a note of caution for buyers looking in the area, be sure to pay attention to just how far out a property is. I know I just spent a paragraph explaining that Washougal is not far away, but I also noted that the rural portion of Washougal is very large. If the property is located along Washougal River Road mile marker nine is the approximate point at which you enter Skamania County. It is a fifteen minute ride back into the heart of Washougal from that point. Belle Center Road along SR 14 in the Gorge is about eight minutes out of the center of town (Washougal). Even if you head all the way out to the Mercantile Store at mile marker ten Mapquest says it's 25 miles and 35 minutes to PDX :)

We are so spoiled here in Clark County Washington. Our out of the way destinations are still only half an hour out!

So come out and visit Washougal and when you do, be sure to Enjoy the View.

Friday, May 23, 2014

The Modern Hipsters Dig those Oldies

The hipster movement has become its own antithesis lately. Those counter-culture, thrift store shopping people in our community tend to reject the mainstream view of what is "popular". These people have sophisticated views about the world that often run counter to the force fed ideas of the commercial side of America. That said they have become such of force that some of their ideas have seeped into the mainstream. It is a bit ironic that some of the hipster culture has become the very thing they shun. Hipsters therefore are difficult to gauge. What is trending in that sub-culture now may become too trendy for them to continue their support.

So what do we call the mainstream hipster copycats? BUYERS! Hipsters were running around in places like Williamsburg, New York, San Francisco and yes Portland too, buying up old houses. They found an appeal in homes that were functionally obsolete but offered amazing detail and craftsmanship not seen in mainstream modern homes. These older homes were often bordering on dilapidation, but the hipsters came in and fixed them up.

Now the older homes are beginning to see a turn around in popularity and we have the hipsters to thank for it. I have always enjoyed the charm and attention to detail in pre-war housing. Every home built back in those days was trimmed out by a local carpenter. So no two homes are quite alike. Even homes that were modest in size had detail that rivals expensive mansions of today.

The downside to all this hipstermania is that these older homes are now priced out of reach for most people. Over in Portland prices on the modest older pre-war homes have skyrocketed to more than $300,000. Here in America's Vancouver the same has happened in the Arnada and Shumway neighborhoods of Downtown and Uptown. But fear not buyers, there is still hope. This renovation craze has spilled into neighborhoods that were once in disrepair. These areas are becoming or have become quite nice and remain a value in the marketplace.

One such area locally is Rose Village. Rose Village is filled with pre-war masterpiece homes varying in size from a tiny 600 square feet to larger plans approaching 2000 squares. Rose Village neighborhood is part of the larger Rosemere district. The section now called Rose Village was under a renaissance or sorts in the mid 2000s that stalled out when the market crashed in 2009. Now the revival is back. This neighborhood is an eclectic mix of these fasinating older pre-war homes. I listed a centennial home on 33rd and V street that is spectacular and priced at just $208,000. Don't give up on your dream, it is still out there waiting for you. You just have to widen the horizon a bit :)

Friday, May 16, 2014

Fancy a View? Find a Forever View

Norwood Street, Camas, WA
A view is perhaps the most subjective part of evaluating real estate. What is it worth? In high end real estate a view is not just appreciated, it is often expected. View lots can easily command premiums in the 200% range. The problem with a view is that it may not be a 'forever' view. If one were to pay a handsome price for a property based on a wonderful view; they would be most displeased if that view were eroded years later. Trees can grow up and block a view. A neighbor can build in front of the view.
359th Avenue, Washougal, WA

The value in the view is subject to the person buying the property. I happen to value views very high. I like a good view. Other buyers may not be so inclined. If a view is something highly valued by a buyer, then that buyer should exercise caution to be certain the view will last.

Homes that are perched out on a cliff or bluff are likely to have a lasting view. Homes set on large parcels with allot of space in front of the view will also likely be able to control the fate of the view. Waterfront properties tend to keep the view indefinitely as well.

Ammeter Road, Washougal, WA
Buyers should not pay a large premium for a view that is easily corrupted. If a neighboring property owner has the authority to plant big trees or build a large structure that will block the view, then that view's arbitrary value is greatly reduced.

A view is also subject to its own 'greatness'. Is the view a peek-a-boo view? Is it seasonal only? Is the view out a obscure bathroom window? Or is it a grand panorama placed conveniently in front of a large living room picture window? All of these factor into the value an appraiser might place on the 'view' a property offers. An appraisers opinion of the view's value may not align with the buyer's idea. If the buyer is borrowing money for that home; the appraiser's opinion becomes a Gospel truth.
500 Broadway, Vancouver, WA

Urban views in high rise condos are often fleeting. The city may approve a taller high-rise right in front of an existing high-rise. The view shown here on the relatively low, 5th floor of 500 Broadway, Offers a straight shot right up Broadway. Since it is unlikely the city will ever approve a building in the middle of the street, this view is at least partially protected.

There are many views here in Clark County, Washington that are suspect at best. Yes they offer a beautiful vista across the river into that other state...Oregon. But often there are young trees that will soon grow mature or another subdivision that may go in soon. Buyers willing to pony up big bucks for a view need to be sure the view is going to endure.

Buyers should understand that short of deeded protections in the land in front of a properties "view". There are no guarantees that any view will always be there. Buyers should consider the likelihood that the particular view they are buying is going to be a 'forever' view. The view below looks across four acres that is owned by the view holder. This is a fairly protected view.

Bear Prairie, Washougal, WA