Residential Distressed Properties for January – March 2012

Residential Distressed Properties for January – March 2012

by | May 3, 2012

This chart shows the number of Bank Owned and Short Sales in all areas of the RMLS™ system during the first quarter of 2012. To download or print the chart, click here.

Below are links to additional charts 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 residential sales in other areas not represented by our charts, please contact us at communications@rmls.com.

Here are some additional facts about distressed residential properties in the first quarter of 2012:

All Areas when comparing percentage share of the market 1st quarter of 2011 to 1st quarter of 2012

  • When comparing the first quarter of 2011 to 2012, distressed sales as a percentage of new listings decreased by 0.6% (29.5% v. 28.9%).
  • In a comparison of the first quarter of 2011 with the same period in 2012, distressed sales as a percentage of closed sales decreased by 2.0% (40.9% v. 38.9%).
  • Short Sales comprised 15.0% of new listings and 13.0% of sales in 2012, down 0.2% and up 2.7% from first quarter 2011, respectively.
  • Bank Owned properties comprised 13.9% of new listings and 25.9% of sales in first quarter 2012, down 0.4% and up 4.7% from 1first quarter 2011, respectively.

Portland Metro when comparing percentage share of the market  1st quarter of 2011 to 1st quarter of 2012

  • When comparing the first quarter of 2011 to 20112 distressed sales as a percentage of new listings decreased by 0.5% (31.5% v. 31.0%).
  • In a comparison of the first quarter of 2011 with the same period in 2012, distressed sales as a percentage of closed sales decreased by 2.5% (41.7% v. 39.2%).
  • Short Sales comprised 16.1% of new listings and was down 0.2% from 2011. However, the percentage of sales rose from 9.9%  in 2011 to 13.5%  in 2012, a 3.6% rise.
  • Bank Owned properties comprised 14.9% of new listings and 25.7% of sales in first quarter 2012, down 0.3% and 6.1% from 2011, respectively.

Clark County when comparing percentage share of the market  1st quarter of 2011 to 1st quarter of 2012

  • When comparing the first quarter of 2011 to 2012, distressed sales as a percentage of new listings decreased by 4.6% (39.7% v. 35.1%).
  • In a comparison of the first quarter of 2011 with the same period in 2012, distressed sales as a percentage of closed sales increased by 0.3% (47.8% v. 48.1%).
  • Short Sales comprised 23.8% of new listings and was down 0.6% from 2011. However, the percentage of sales rose from 17.1%  in 2011 to 20.4%  in 2012, a 3.3% rise.
  • Bank Owned properties comprised 11.3% of new listings and 27.7% of sales in 2012, down 4.0% and 3.0% from 2011, respectively.
Residential Distressed Properties for January – March 2012

2011 Distressed Residential Properties

by | Apr 27, 2012

The chart below shows the number of Bank Owned and Short Sales in all areas of the RMLS™ system during 2011. To download or print this chart, click here.

 

 

All Areas when comparing percentage share of the market 2010 to 2011

  • Comparing 2010 to 2011 distressed sales as a percentage of closed sales increased from 29.3% to 33.5%
  • New listings dropped from 78,903 to 61,980 which is a 21.4% decrease
  • Short sales comprised 13.9% of new listings and 10.7% of sold listings in 2011, up 2.1% and 1.8% from 2010 respectively as a percentage of the market.
  • Bank owned properties comprised 13.1% of new listings and 22.8% of sales in 2011, rising slightly from 12.3% and 20.4% respectively in 2010.

Portland Metro when comparing percentage share of the market 2010 to 2011

  • Comparing 2010 to 2011 distressed sales as a percentage of closed sales increased from 29.0% to 33.1%
  • New listings dropped from 45,907 to 33,940 which is a 26.1% decrease
  • Short sales comprised 15.3% of new listings and 10.8% of sold listings in 2011, up 3.0% and 2.5% from 2011 respectively as a percentage of the market.
  • Bank owned properties comprised 13.4% of new listings and 22.3% of sales in 2011, rising slightly from 12.6% and 20.7% respectively in 2010.

Clark County when comparing percentage share of the market 2010 to 2011

  • Comparing 2010 to 2011 distressed sales as a percentage of closed sales increased from 35.2% to 43.2%
  • New listings dropped from 9,774 to 8,643 which is a 11.6% decrease
  • Short sales comprised 21.0% of new listings and 16.4% of sold listings in 2011, down .6% and up .4% from 2010 respectively as a percentage of the market.
  • Bank owned properties comprised 15.9% of new listings and 26.8% of sales in 2011, increasing from 11.7% and 18.4% respectively in 2010.

Below are links to additional charts 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 charts, please contact us at communications@rmls.com.

Smartphones – What to Know Before You Buy

by | Apr 24, 2012

By Nick Church

As a Multiple Listing Service we often get the question: “Which Smartphone is the best for Realtors®?” There’s no easy answer to that question. The predominant phones on the market, which currently have most of the features a Realtor® might need, are:

  • Android (which has many different models)
  • iPhone (which has a couple different versions, 3, 3GS, 4, 4S)
  • Win7 (which also has different models)

The availability of a particular smartphone is completely dependent on your service provider (ex. AT&T, Sprint, T-Mobile or Verizon.) Some sources will try to tell you that as a Realtor®   you need a specific device or operating system to do your business. This just simply isn’t true. It really depends on your preferences and how you want to use your phone for business.

We’ve made RMLSweb available in an abbreviated mobile version, rather than an app, so that it can be used on any smartphone or tablet. It’s important to note that at this time you will not have access to Listing Load on a mobile device.

As for the smartphone and your Supra key service – there are many different options of approved devices and you can you read more here.  All of the phones mentioned above require the purchase of a fob to work with the Supra eKey system.

While RMLS™ cannot recommend a specific phone or carrier over another, our general suggestion is that you go into your local store (when you have no intention to purchase) and simply “try them out.” Many carriers have versions of their devices that you can explore, navigating to the Internet, finding various links, seeing how you’ll type in messages, etc. I think you’ll find being able to experience the device will help you find that “perfect fit.” There isn’t a “best phone for Realtors®.” There’s simply a best phone for you.

If you have questions on how to utilize your new smartphone with our system, feel free to email RMLS™ Training or the RMLS™ Help Desk You can also call Help Desk at 503-872-8002 or 877-256-2169 (toll-free). We’re happy to answer any questions you may have.

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