Residential Distressed Properties for First Quarter (January-March) 2015

Residential Distressed Properties for First Quarter (January-March) 2015

by | Apr 16, 2015

AllAreas1QDistressedSM

This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the first quarter of 2015.

Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (1st Quarter 2015)
• Clark County, WA Distressed Properties (1st Quarter 2015)
• Lane County, OR Distressed Properties (1st Quarter 2015)
• Douglas County, OR Distressed Properties (1st Quarter 2015)
• Coos County, OR Distressed Properties (1st Quarter 2015)

Here are some additional facts about distressed residential properties in the first quarter of 2015:

All areas when comparing percentage share of the market, first quarter 2015 to fourth quarter 2014:
• When comparing the first quarter 2015 to fourth quarter 2014, distressed sales as a percentage of new listings decreased by 3.1% (8.9 v. 12.0%).
• In a comparison of the first quarter 2015 to fourth quarter 2014, distressed sales as a percentage of closed sales increased by 2.8% (12.3 v. 9.5%).
• Short sales comprised 2.9% of new listings and 3.4% of sales in the first quarter of 2015, down 0.6% and up 0.4% from the fourth quarter of 2014, respectively.
• Bank owned/REO properties comprised 6.0% of new listings and 8.9% of sales in the first quarter of 2015, down 2.5% and up 2.4% from the fourth quarter of 2014, respectively.

Portland metro when comparing percentage share of the market, first quarter 2015 to fourth quarter 2014:
• When comparing the first quarter 2015 to fourth quarter 2014, distressed sales as a percentage of new listings decreased by 3.0% (7.7 v. 10.7%).
• In a comparison of first quarter 2015 to fourth quarter 2014, distressed sales as a percentage of closed sales increased by 1.9% (10.1 v. 8.2%).
• Short sales comprised 2.8% of new listings and 3.0% of sales in the first quarter of 2015, down 1.0% and up 0.1% from the fourth quarter of 2014, respectively.
• Bank owned/REO properties comprised 4.9% of new listings and 7.1% of sales in the first quarter of 2015, down 2.0% and up 1.8% from the fourth quarter of 2014, respectively.

Clark County when comparing percentage share of the market, first quarter 2015 to fourth quarter 2014:
• When comparing the first quarter 2015 to fourth quarter 2014, distressed sales as a percentage of new listings decreased by 3.4% (9.3 v. 12.7%).
• In a comparison of first quarter 2015 to fourth quarter 2014, distressed sales as a percentage of closed sales increased by 2.5% (14.0 v. 11.5%).
• Short sales comprised 4.4% of new listings and 5.0% of sales in the first quarter of 2015, staying even for new listings and up 0.7% for sales when compared to the fourth quarter of 2014, respectively.
• Bank owned/REO properties comprised 4.9% of new listings and 9.0% of sales in the first quarter of 2015, down 3.4% and up 1.8% from the fourth quarter of 2014, 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 First Quarter (January-March) 2015

MLS Insight: RMLSweb Development Projects on Tap for 2015

by | Mar 31, 2015

MLS Insight is a series about how things work at RMLS™.

RMLSweb menu barAt their annual leadership retreat last month, the RMLS™ Board of Directors reviewed a list of potential projects and prioritized those they believe will have the best benefit for RMLS™ subscribers in 2015. Following is a brief description of the three projects that will get the attention of our software development team this year, following their completion of their work on reverse prospecting and the forms changes approved in 2014.

RMLSweb Menu Bar: This project will update the blue menu bar on RMLSweb so it always appears at the top of the screen. No matter what page you are on across the website, the menu will be locked and visible, so that you will not need to scroll up to go to a new location.

Prospecting Improvements: This project will include a variety of improvements to prospecting on RMLSweb, including the following examples:
• Options to refine the frequency of the auto-email to your clients, including days of the week and month as well as the number of times per day;
• Copying an existing profile (as a template) and creating a prospect from Advanced MLS search;
• Performing a reverse prospect search in Listing Load and CMA;
• Setting a minimum price change amount that will trigger a notification message to clients; and
• Customizing the subject line in prospect emails.

View Count Enhancements: This project will allow the listing agent to automatically schedule and email the Listing View Counts report to their seller. The plan is also to enhance functionality by allowing searching view counts by date range. Other goals include investigating the possibility of adding additional data to the reports, such as SentriLock showings and the number of active prospects that match the property.

The next post will focus on Data Distribution services at RMLS™. If you have any questions you would like to have answered, I encourage you to post a comment.