by RMLS Communication Department | Sep 26, 2011
Activity shows slight decline in WA and a rise in OR
When comparing the week of September 12 – September 18 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 0.1% in Washington and increased 8.1% in Oregon.


Archive
View an archive of the Supra lockbox statistical reports on Flickr.
by RMLS Communication Department | Sep 22, 2011
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.
by RMLS Communication Department | Sep 21, 2011
Guest Post Written by Kelly McKenna, Administrative Assistant at RMLS™!
These are lean and mean times in which we live. REALTORS® face occupational hazards that simply do not exist in most other industries. A recessed market seems to only encourage more bad behavior from those looking to take advantage of real estate professionals and the susceptibilities within their profession. So to celebrate REALTOR® Safety Month, listed below are some of the more prominent safety concerns reported to us over the years including a short list of scams special to the real estate community.
Lockbox Theft: Regardless of price brackets, there has been a surge of lockbox theft all across the state. Vandals have been known to remove an entire doorknob or guardrail just to get to a lock box. Usually, that’s the extent of the damage. The perpetrators cut the shackle with bolt cutters and take it to another location to try the lock’s mechanisms, expecting to come back to the property later. Either they are unsuccessful, or the locks have been changed by then.
Unfortunately, there are other times when they are able to access the property. There have been reports of staged houses getting completely cleaned out, down to the copper wiring. It’s rotten luck, but is a possibility to always consider when listing a vacant house.
In the event of a stolen lockbox, absolutely have your clients change the locks. Consider putting the lockbox in less conspicuous areas around the property to deter the more impulsive vandals. Staging furniture, timed lights and even house-sitters are great solutions to consider if you are worried your listing is susceptible to vandalism and theft.
Squatters: This is an extension of people gaining access to vacant listings unlawfully. Keep checking on your listings from time to time, even if there are no showings for the week. Certainly call the police if ever you get the sense that someone is in the house and never enter it until backup arrives.
Other Theft: Open houses, broker tours and regularly scheduled showings have all served as backdrops for theft, particularly that of prescription drugs. Sometimes working alone or in pairs to serve as a decoy, people will rummage through bathroom drawers and medicine cabinets or wherever they think they might find… something. Unfortunately, theft occurs during private showings, too. This is limited to small items like jewelry or a box of checks. Please advise sellers to lock up everything when their house is being shown in any capacity.
Harassment & Harm: General safety precautions such as the buddy system and alerting people to one’s whereabouts are essential when meeting with new clients. There have been reports ranging from phone or e-mail harassment to REALTORS® cornered or even mugged at showings or worse. Know your surroundings and limit your vulnerabilities as much as possible when alone or meeting someone for the first time.
Craigslist Rental Scams: REALTORS® are increasingly victimized by individuals taking their listings or photos from the internet and posting them on bulletin sites in attempt to secure deposits from prospective renters. Flag these listings whenever you encounter them and, if you like, contact the FTC and FBI’s Internet Crime Center. Find more information at http://www.ic3.gov/default.aspx and http://www.craigslist.org/about/scams.
Large Homes, All Cash, Quick Escrow…: You usually lose nothing but time and gain only frustration with deals that seem too good to be true. A prospective buyer claims to have X amount of money, all cash, and needs a quick closing. Everything is perfect until the time comes to submit earnest money or sign papers. Always go on instinct and trust your judgment.
Leads for FSBO Listings: Someone claims connections with frustrated FSBO’s who need REALTORS® or other listing leads and attempts to sell these names for $10-15 a head. Usually they claim to get their leads through an affiliation with either a reputable brokerage firm or educational institution. The names are either of FSBO’s with no interest in working with an agent, or home owners who are not even in the market to sell. Always approach such offers with extreme caution.
Overseas Transactions: People from overseas purchase property all the time. However, scams originate overseas as often as they do locally. It is always a good policy to enter into transactions with people you can see past an e-mail and with verified funding.
Real Estate Scam for Lawyers: Someone will contact a real estate agent expressing interest in a large property. They will then request a recommendation for an attorney to set up a trust for escrow, sending a cashier’s check to the attorney for an exorbitant amount of money. After the deal is written, the scammer then rescinds and requests a refund back when the original check was no good in the first place.
The nature of the business of real estate requires REALTORS® put themselves in potentially dangerous situations. Meeting strangers in strange places is business as usual. Please be sure to take precautions at every chance for every scenario. It will work out so much better in the long run. For more information, please contact your local and national associations as well as your local MLS.
by RMLS Communication Department | Sep 19, 2011
Activity declines during early September
When comparing the week of September 5 – September 11 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 1.7% in Washington and 1.9% in Oregon.
Washington

Oregon

Archive
View an archive of the Supra lockbox statistical reports on Flickr.
by RMLS Communication Department | Sep 12, 2011
Activity decreases during weekend before Labor Day
When comparing the week of August 29 – September 4 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 8.3% in Washington and 7.1% in Oregon.
Washington

Oregon

Archive
View an archive of the Supra lockbox statistical reports on Flickr.