![Residential Distressed Properties for Third Quarter (July-September) 2012]()
by RMLS Communication Department | Oct 24, 2012
This chart shows the number of bank owned properties and short sales in all areas of the RMLS™ system during the third quarter of 2012.
Below are links to additional charts for some of our larger areas.
• Portland Metro Distressed Properties (3rd Quarter 2012)
• Clark County, WA Distressed Properties (3rd Quarter 2012)
• Lane County, OR Distressed Properties (3rd Quarter 2012)
• Douglas County, OR Distressed Properties (3rd Quarter 2012)
• Coos County, OR Distressed Properties (3rd Quarter 2012)
Here are some additional facts about distressed residential properties in the third quarter of 2012:
All areas when comparing percentage share of the market, third quarter 2012 to second quarter 2012:
• When comparing the third quarter of 2012 to the second quarter, distressed sales as a percentage of new listings decreased by .6% (18.2% v. 18.8%).
• In a comparison of the third quarter of 2012 to the second quarter, distressed sales as a percentage of closed sales decreased by 5.3% (24.8% v. 30.1%).
• Short sales comprised 9.8% of new listings and 12.2% of sales in the third quarter of 2012, down .1% and up .5% from the second quarter of 2012, respectively.
• Bank owned/REO properties comprised 8.4% of new listings and 12.6% of sales in the third quarter of 2012, down .5% and 5.8% from the second quarter of 2012, respectively.
Portland Metro when comparing percentage share of the market, third quarter 2012 to second quarter 2012:
• When comparing the third quarter of 2012 to the second quarter, distressed sales as a percentage of new listings decreased by 1.4% (18.5% v. 19.9%).
• In a comparison of 3Q 2012 to 2Q, distressed sales as a percentage of closed sales decreased by 5.3% (24.2% v. 29.5%).
• Short sales comprised 10.2% of new listings and 12.5% of sales in 3Q 2012, down .3% and up 1.1% from 2Q 2012, respectively.
• Bank owned/REO properties comprised 8.3% of new listings and 11.7% of sales in 3Q 2012, down 1% and 6.4% from 2Q 2012, respectively.
Clark County when comparing percentage share of the market, third quarter 2012 to second quarter 2012:
• When comparing the third quarter of 2012 to the second quarter, distressed sales as a percentage of new listings decreased by .4% (24.6% v. 25.0%).
• In a comparison of 3Q 2012 to 2Q 2012, distressed sales as a percentage of closed sales decreased by 5.3% (29.7% v. 35%).
• Short sales comprised 17.2% of new listings and 20.1% of sales in the third quarter of 2012, down .1% for new listings and down .3% for sales when compared to the second quarter of 2012, respectively.
• Bank owned/REO properties comprised 7.4% of new listings and 9.7% of sales in the third quarter of 2012, down .4% and 4.9% from the second quarter of 2012, respectively.
If you’d like more information or percentages of distressed residential sales in other areas not represented by our charts, please contact us at communications@rmls.com.
![Residential Distressed Properties for Third Quarter (July-September) 2012]()
by RMLS Communication Department | Oct 24, 2012
The spotlight continues to shine on some of our REALTOR® subscribers this week! Meet Tim Sellers, who works with Barb Sellers and Associates Realty in Fairview, Oregon. Tim, who specializes in residential resale, was another one of this year’s Subscriber Satisfaction Survey winners.
How did your real estate career begin?
I’m a third generation real estate agent. I thought I’d just give it a try, and 24 years later I’m still trying.
What do you enjoy most about being a REALTOR®?
I like working with people, no matter who they are, where they’re from, or what their world view is.
Tell me about a particularly interesting property you sold.
Well…it’s more the people than the properties that are interesting, and I probably shouldn’t say any more.
Everyone has a secret talent. What’s yours?
I can make a bubble sound that always makes babies smile. And for the older kids, I made great paper airplanes.
Thanks, Tim!
![Residential Distressed Properties for Third Quarter (July-September) 2012]()
by RMLS Communication Department | Oct 22, 2012
This Week’s Lockbox Activity Decreases
For the week ending on 10/14/12, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Washington and Oregon. Compared to the previous week, activity decreased marginally in both Oregon and Washington, likely due to the recently changing weather.
To see larger versions of these charts, visit our photostream on flickr.
![Residential Distressed Properties for Third Quarter (July-September) 2012]()
by RMLS Communication Department | Oct 18, 2012
RMLS™ subscribers are diverse in their talents and immensely interesting, and we like to spread the word by spotlighting individuals now and again. Adam Sarancik (GRI, ABR) was recently one of our Subscriber Satisfaction Survey winners! Adam works at The Meadows Group, Inc., REALTORS® (Westside office). We asked Adam to tell us a little more about himself:
How did your real estate career begin?
It began 22 years ago with the Lutz Snyder Co. in Tualatin, Oregon. I was very lucky because the office I was in had a branch manager and a group of brokers who were extremely dedicated and talented. They were great role models. I also taught at the Lutz Snyder Training Center for three years.
What do you enjoy most about being a REALTOR®?
I enjoy turning initial realtor-client relationships into lifelong friendships. I have made friends with so many amazing people who are truly inspirational to me.
A particularly interesting property you sold:
Many years ago I was the buyers’ agent for a home in Beaverton. The home was in excellent condition and rightfully so, the seller had an extreme amount of pride in his home. He absolutely refused to allow us to have a home inspection, telling us adamantly that there was absolutely no need for one. After a week or so of very delicate pleading and negotiation, he very reluctantly agreed to allow us to do the home inspection as long as the home was spotless when we were done, that we started exactly at 1:00pm, and we were gone by 3:00pm, when he would promptly return.
Well, about an hour or so into the inspection I smelled something burning, an electrical fire kind of smell. The home had a heat pump, so we shut it down as well as all of the electricity in the home.
When the homeowner returned promptly at 3:00pm, not only were we not gone, there were three fire trucks and the fire chief’s car parked in front—the entire property was surrounded by yellow tape.
Getting that deal to close was one of the best negotiating jobs I have ever done.
Everyone has a secret talent. What’s yours?
Most of my adult life, I have coached youth sports: baseball, basketball, and soccer. I have coached at Jesuit, Canby, and Westside Christian High Schools. I have also written a book, published this year: Coaching Champions for Life: Coaching the Whole Person, Not Just the Athlete.
Thanks, Adam! We will be spotlighting our other two survey winners in the coming weeks.
![Residential Distressed Properties for Third Quarter (July-September) 2012]()
by RMLS Communication Department | Oct 15, 2012
For the week ending on 10/7/12, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Washington and Oregon. Compared to the previous week, activity increased marginally Oregon, while a small decline continues in Washington.
To see larger versions of these charts, visit our photostream on flickr.
This chart shows the number of bank owned properties and short sales in all areas of the RMLS™ system during the third quarter of 2012.