Supra Lockbox Activity – Updated Through Week of Aug. 24-30

Supra Lockbox Activity – Updated Through Week of Aug. 24-30

Washington Unchanged, Oregon Down Slightly

In Washington, the number of times RMLS™ subscribers opened Supra lockboxes was unchanged and in Oregon activity was down 1%. These stats reflect a comparison of the week of August 24-30 with the week of August 17-23.


Click the chart for a larger view (Washington, top; Oregon, bottom)

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

Use Your BlackBerry as Your Lockbox Key

Use Your BlackBerry as Your Lockbox Key

eKEY for BlackBerry now available via RMLS™

Good news for all of you BlackBerry fans!

Your BlackBerry smartphone can now be even more versatile as Supra is offering an accessory that will allow you to use it as a lockbox key. You can now purchase Supra’s eKEY BlackBerry Fob at RMLS™ offices and sign-up for eKEY Basic or eKEY Professional Service from Supra.

Since the BlackBerry devices don’t have infrared (which is needed to open Supra iBoxes), Supra created a fob that converts signals from the BlackBerry into infrared signals.

This should be nice for any agents that love their BlackBerry and don’t want to carry an ActiveKEY as well. While the BlackBerry Fob is another piece of equipment that you have to keep handy, it requires little maintenance, as it doesn’t need to be charged.

The BlackBerry Fobs are in-stock at our Portland, Vancouver, Eugene, Salem and Roseburg offices. At all other RMLS™ offices, you can call or visit and we will place an order for you.

For more information on using your BlackBerry as an eKEY, what types of BlackBerry devices are compatible and more, visit Supra’s website.

Update: I heard some folks are wondering what the fob looks like, so here is a photo of it:

The $8K Tax Credit and its Effect on Portland Metro Real Estate

The $8K Tax Credit and its Effect on Portland Metro Real Estate

There’s been some encouraging news lately in the RMLS™ market areas. The number of sales and pending sales are finally outpacing the totals from the same month in 2008.  How much of it might be a result of the $8,000 first-time homebuyer tax credit, though?

I recently put together some statistics for the Oregonian on the Portland metro area, and thought I would share them with you.

There is no question that home sales in the lower-end of the market have seen a big jump this year. In 2007, homes priced between $0 and $249,999 only made up 35% of all sales in the Portland metro area. In 2009 so far, they make up 49.6% of the market. 

As you’d expect, coinciding with the increase in lower-end homes is a drop in high-end homes. Homes priced $500,000 or above have dropped from 13.5% of the market in 2007, to just 8.2% of the market this year.

PDX Home Sales by Price Range

Click on the graph for a larger view

The question is: what will happen when the $8,000 tax credit expires on December 1?

I know the tax credit definitely got me off the fence & I can literally think of 15 of my friends and acquaintances (off the top of my head) who have bought or are actively looking to buy. 

So in my humble opinion, there’s little doubt that the tax credit spurred people to buy. But as the deadline for the credit approaches, it should be interesting to see where sales go.

The $8K Tax Credit and its Effect on Portland Metro Real Estate

July Market Action Released: Reports Show Improvement in Oregon & Southwest Washington Real Estate

We released the latest Market Action reports to RMLS™ subscribers yesterday. Many areas of Oregon and Southwest Washington are showing improvement as far as sales and inventory go – here are a few highlights:

Note how 2009 line is virtually flat compared to 2007 & 2008

Portland Metro Active Listings: Note how the 2009 line is basically flat.

Inventory: Inventory is showing steady improvement in Portland (7.3 months), Clark County (7.3 months), and Lane County (6.2 months). In most circles, 6 months of supply is considered a balanced market. The drop in inventory comes thanks to strong closed sales, but also because the number of active listings is growing at a much slower pace than usual.

Closed sales: The Portland metro area was finally able to post a gain in same-month closed sales for the first time since April 2007. Closed sales were up 8.6% compared to last July. Clark County posted a gain for the second straight month – closed sales were up 23.5% there. Lane County also posted an 11% gain. Baker County, Curry County, Douglas County, and the Mid-Columbia region also saw growth.

Clark Co. Pending Sales: Oh, so close to reaching July 2007 levels.

Clark Co. Pending Sales: Oh, so close to reaching July 2007 levels.

Pending sales: Same-month pending sales in Clark County grew for the fourth month in a row at 30.3%. In fact, Clark County pending sales not only surpassed July 2008 levels, but they came close to hitting July 2007 levels. With the exception of the Mid-Columbia region and Union County, same-month pending sales grew in all of our primary service areas.

A Realtor’s ActiveKEY + Frozen Pizza + Peanut Butter Cup + GEO Metro in the Sun = ?

Short video shows why RMLS™ subscribers should keep their ActiveKEYs out of the heat this week

We’re going to have some serious heat in most of Oregon & Southwest Washington this week. As you try to stay cool in the hot weather, keep in mind this friendly ActiveKEY battery tip from Supra:

“Temperature extremes can affect battery performance. If the ActiveKEY is below 0° C (32° F) or above 40 ° C (104° F), it will not charge. During very cold or hot times of the year, bring your ActiveKEY in from your car at night and between showings.”

Also, watch this short video that poses the question – what happens when you leave an ActiveKEY, a frozen pizza and a frozen peanut butter cup in my 1997 Geo Metro that is parked in direct sunlight?

[youtube=http://www.youtube.com/watch?v=h-fdVTBBiCM]

We filmed this a few weeks ago when it was up to about 94 degrees, so keep in mind that you might see more dramatic results in the next few days. Anyone have any other suggestions for things we should try to melt in my car?

PS:  We really do recommend that you remove your key from your car if it’s going to be parked in the sun for a long time – especially for agents that go to our Portland office – because we currently have a limited supply of ActiveKEYs due to a parts shortage at Supra. If you do need to get a new ActiveKEY, please call ahead at 503-236-7657 to ensure that we have one available for you.