See a visual representation of distressed properties in our market!
Last May, we debuted new infographics to show how distressed properties identified as Short Sales and Bank Owned were represented in the 2010 housing market. Now, we’re pleased to present new infographics on distressed properties for the first two quarters of 2011! When compared with the data from 2010, these stats offer a more comprehensive picture of how the local housing market has changed in the past year and a half.
(Click the image to enlarge.)
The above infographic shows a visual representation of the number of Bank Owned and Short Sales in all areas of the RMLS™ system during the first half of 2011. The top half shows new listings and sales from January through June 2011, while the bottom half shows new listings and sales by quarter. To download or print the infographic, click here.
Below are links to additional infographics for some of our larger areas*:
Portland Metro
Clark County, WA
Lane County, OR
Douglas County, OR
*If you want information on percentages of distressed sales in other areas not represented by our infographics, please contact us at communications@rmls.com.
As can be seen from the above infographic, the percentage of distressed sales in the overall housing market increased for closed sales compared with new listings. However, the amount of short sales decreased as a percentage of closed sales versus new listings, while the amount of bank owned properties greatly increased.
The quarterly trend shows a decrease of new listings that were distressed, when comparing Quarter 1 with Quarter 2. Distressed sales also decreased as a percentage of closed sales in a comparison of Quarter 1 and Quarter 2. This trend remains consistent with the data from Quarters 1 and 2 from 2010.
Here are some additional facts about distressed properties in the first half of 2011:
- In a comparison of the first half of 2010 with the same period in 2011, distressed sales as a percentage of new listings increased by 4.5% (20.9% v. 25.4%).
- In a comparison of the first half of 2010 with the same period in 2011, distressed sales as a percentage of closed sales increased by 9.9% (28.1% v. 38%).
- Short Sales comprised 13.4% of new listings and 10.1% of sales in 2011, up 2.1% and 1.1% from 2010, respectively.
- Bank Owned properties comprised 12.1% of new listings and 27.9% of sales in 2011, up 2.4% and 8.8% from 2010, respectively.
Like the info, however, it would be nice to have the graph available as a pull out that can be printed easily and added to our Listing
Presentation.
Thanks, Janet Johnston
Roseburg
Hi Janet,
Thanks for the feedback! You do have the ability to pull out the graphs in PDF and JPEG format. If you click the image (or link if you are pulling up the specific area graphs), you can save them as a JPEG or “Print” to PDF. Please let me know if you have any questions.
Thanks!
Kelsey Brunson
That link does not seem to go anywhere when I click on Portland.
One possibility is you may have pop-ups blocked. If it’s still not working, here’s the link that you can copy and paste into the address bar in your browser window to get to the Portland infographic: http://www.rmlsweb.com/v2/public2/loadfile.asp?id=6255
Let me know if that works!
Thanks, Kelsey, I’ll try that!
Janet
Great! Thanks!
Thanks for making this available.
My question pertains to the treatment of HUD homes. In the Clark County real estate market my brief review of these types of listings has about 50% tagged as Bank Owned; with the other 50% not tagged with any type of Distressed Property indicator. To me, a HUD home is a distressed property and should be shown as “Bank Owned.”
Thus, how is your report handling this very inconsistent treatment by the HUD listing agents?
Hi John,
Thanks for the very interesting and helpful suggestion. I have brought your feedback to a group of RMLS™ staff and we are discussing ways that we can make this issue less confusing for subscribers – whether it’s a new label or another solution. Rest assured that your suggestion has been heard and is an interesting point that will be discussed in full.
Best wishes,
Kelsey