by RMLS Communication Department | Jul 30, 2015
MLS Insight is a series about how things work at RMLS™.
At their June meeting, the RMLS™ Board of Directors voted to replace the current GeoJet mapping for RMLSweb with a new solution. We will continue to utilize Bing Maps, but will include layers for parcels, zip codes, schools, counties, etc. from Digital Map Products. Neighborhood boundaries will be a new addition.
Our contract with GeoJet ends at the end of this year, so it was an opportune time to review that part of the system. Bottom line pricing for the two solutions is very similar, but we are looking to reap benefits of increased functionality and reliability. Developers will be working on integration of the replacement solution during the later months of this year.
The next post will focus on our Training Department. If you have questions on any RMLS™-related topic that you would like to have answered, I encourage you to post a comment.
by RMLS Communication Department | Jul 27, 2015
This Week’s Lockbox Activity
For the week of July 13-19, 2015, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity in Oregon increased this week, and activity in Washington fell slightly.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
![Residential Distressed Properties for Second Quarter (April-June) 2015]()
by RMLS Communication Department | Jul 23, 2015
This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the second quarter of 2015.
Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (2nd Quarter 2015)
• Clark County, WA Distressed Properties (2nd Quarter 2015)
• Lane County, OR Distressed Properties (2nd Quarter 2015)
• Douglas County, OR Distressed Properties (2nd Quarter 2015)
• Coos County, OR Distressed Properties (2nd Quarter 2015)
Here are some additional facts about distressed residential properties in the second quarter of 2015:
All areas when comparing percentage share of the market, second quarter to first quarter 2015:
• When comparing second quarter to first quarter 2015, distressed sales as a percentage of new listings decreased by 2.6% (6.3 v. 8.9%).
• In a comparison of second quarter to first quarter 2015, distressed sales as a percentage of closed sales decreased by 4.0% (8.3 v. 12.3%).
• Short sales comprised 1.6% of new listings and 2.3% of sales in the second quarter, down 1.3% and 1.1% from the first quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.7% of new listings and 6.0% of sales in the second quarter, down 1.4% and 2.9% from the first quarter of 2015, respectively.
Portland metro when comparing percentage share of the market, second quarter to first quarter 2015:
• When comparing second quarter to first quarter 2015, distressed sales as a percentage of new listings decreased by 2.0% (5.7 v. 7.7%).
• In a comparison of second quarter to first quarter 2015, distressed sales as a percentage of closed sales decreased by 3.4% (6.7 v. 10.1%).
• Short sales comprised 1.6% of new listings and 2.2% of sales in the second quarter, down 1.2% and 0.8% from the first quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.1% of new listings and 4.5% of sales in the second quarter, down 0.8% and 2.6% from the first quarter of 2015, respectively.
Clark County when comparing percentage share of the market, second quarter 2015 to first quarter 2015:
• When comparing second quarter to first quarter 2015, distressed sales as a percentage of new listings decreased by 4.1% (5.2 v. 9.3%).
• In a comparison of second quarter to first quarter 2015, distressed sales as a percentage of closed sales decreased by 5.1% (8.9 v. 14.0%).
• Short sales comprised 2.4% of new listings and 3.3% of sales in the second quarter, down 2.0% for new listings and 1.7% for sales when compared to the first quarter of 2015, respectively.
• Bank owned/REO properties comprised 2.8% of new listings and 5.6% of sales in the second quarter, down 2.1% and 3.4% from the first quarter of 2015, 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 Second Quarter (April-June) 2015]()
by RMLS Communication Department | Jul 21, 2015
RMLS™ is ready to start rolling out the results of this year’s forms change project! On Wednesday, July 29th, subscribers will see a brand new Green/Energy Supplement form, additional options for Showing Instructions, and much more.
These regular changes are the result of hundreds of subscriber suggestions and the hard work of the RMLS™ Forms Committee and RMLSweb development team.
What’s Changing?
A few highlights:
• Green/Energy Supplement Form: The use of sustainable building technology continues to grow, and this year RMLS™ is moving a scattered number of green features into the Green/Energy Supplement form, available for any residential listing. On this form, agents can note details about a home’s green certification and its use of solar energy. Agents also have an opportunity to provide additional remarks about aspects of green building and energy features on a property.
• Text to Show: Prefer to be texted when a buyer’s agent wants to show a property? Showing Instructions will now include options to text the listing agent, tenant, or owner. Not everyone prefers texting though, and another new option will exist to email the listing agent.
• Multiple Tax IDs in One Listing: Subscribers listing large parcels of land that stretch across multiple tax lots now have the option of including up to three total Tax IDs per listing. (If you’ve got more than three Tax IDs, you’ll still need to note those in the legal description or private remarks field.)
• Dual Living: RMLS™ currently lists a separate on-site dwelling unit in multiple places, including Accessibility Features and Additional Structures Supplement. A new field in Advanced Search, Dual Living Y/N, will identify residential listings where any of these dual living setups have been indicated.
Looking for more detail? View a complete summary of forms changes scheduled for July 29, 2015 or preview the contract, input, and supplement listing forms. Fields highlighted in green are new, orange fields have been modified, and blue highlights mean the field has moved.
A Longer Outage Needed for Forms Change
Improvements take time. July’s RMLSweb maintenance outage will take longer than usual to allow for this extra work. Plan now, as RMLSweb will be in maintenance mode (search only) from 10pm Tuesday, July 28th until 6am Wednesday, July 29th.
And Coming Soon…
Expect even more this fall. Other improvements to be released later this year as part of the forms change project include a brand new photo uploader and a new listing status, Pending Lease Option (POP).
RMLSweb continually improves when subscribers talk back to us about the system. We hope subscribers appreciate this work and will continue to share comments and questions! If you have questions about these new features, contact the RMLS™ Help Desk at (503) 872-8002 or (877) 256-2169.
by RMLS Communication Department | Jul 20, 2015
This Week’s Lockbox Activity
For the week of July 5-12, 2015, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Showing activity increased in both states this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
