Buying or Selling a House with a Green Street Facility

The Pacific Northwest gets a lot of rain, and stormwater runoff can be challenging to manage. Many cities in the region are starting to build green street facilities in residential areas to reduce the risk of flooding and provide other benefits.

The City of Portland recently released a guide for REALTORS® and homeowners called “Buying or Selling a House with a Green Street Facility.” The guide outlines basic information about these facilities, including how to report a need for maintenance.

Additionally, the caretakers of these facilities remind REALTORS® and homeowners of the following:

• Place “for sale” signs in yards rather than green street facilties or between curbs and sidewalks.
• Inform clients that green streets are publicly owned stormwater management facilities.
• If a green street facility near a property on the market needs maintenance, contact the City of Portland.

Facilities like these exist outside of Portland as well—REALTORS® in other areas may equally benefit from reviewing these materials.




Spotlight: REALTOR® Tim Sellers

The spotlight continues to shine on some of our REALTOR® subscribers this week! Meet Tim Sellers, who works with Barb Sellers and Associates Realty in Fairview, Oregon. Tim, who specializes in residential resale, was another one of this year’s Subscriber Satisfaction Survey winners.

How did your real estate career begin?

I’m a third generation real estate agent. I thought I’d just give it a try, and 24 years later I’m still trying.

What do you enjoy most about being a REALTOR®?

I like working with people, no matter who they are, where they’re from, or what their world view is.

Tell me about a particularly interesting property you sold.

Well…it’s more the people than the properties that are interesting, and I probably shouldn’t say any more.

Everyone has a secret talent. What’s yours?

I can make a bubble sound that always makes babies smile. And for the older kids, I made great paper airplanes.

Thanks, Tim!




Spotlight: REALTOR® Adam Sarancik

RMLS™ subscribers are diverse in their talents and immensely interesting, and we like to spread the word by spotlighting individuals now and again. Adam Sarancik (GRI, ABR) was recently one of our Subscriber Satisfaction Survey winners! Adam works at The Meadows Group, Inc., REALTORS® (Westside office). We asked Adam to tell us a little more about himself:

How did your real estate career begin?

It began 22 years ago with the Lutz Snyder Co. in Tualatin, Oregon. I was very lucky because the office I was in had a branch manager and a group of brokers who were extremely dedicated and talented. They were great role models. I also taught at the Lutz Snyder Training Center for three years.

What do you enjoy most about being a REALTOR®?

I enjoy turning initial realtor-client relationships into lifelong friendships. I have made friends with so many amazing people who are truly inspirational to me.

A particularly interesting property you sold:

Many years ago I was the buyers’ agent for a home in Beaverton. The home was in excellent condition and rightfully so, the seller had an extreme amount of pride in his home. He absolutely refused to allow us to have a home inspection, telling us adamantly that there was absolutely no need for one. After a week or so of very delicate pleading and negotiation, he very reluctantly agreed to allow us to do the home inspection as long as the home was spotless when we were done, that we started exactly at 1:00pm, and we were gone by 3:00pm, when he would promptly return.

Well, about an hour or so into the inspection I smelled something burning, an electrical fire kind of smell. The home had a heat pump, so we shut it down as well as all of the electricity in the home.

When the homeowner returned promptly at 3:00pm, not only were we not gone, there were three fire trucks and the fire chief’s car parked in front—the entire property was surrounded by yellow tape.

Getting that deal to close was one of the best negotiating jobs I have ever done.

Everyone has a secret talent. What’s yours?

Most of my adult life, I have coached youth sports: baseball, basketball, and soccer. I have coached at Jesuit, Canby, and Westside Christian High Schools. I have also written a book, published this year: Coaching Champions for Life: Coaching the Whole Person, Not Just the Athlete.

Thanks, Adam! We will be spotlighting our other two survey winners in the coming weeks.




Supra Lockbox Activity – Updated Through Week of September 21-27

Activity down in Oregon & Washington

When comparing the week of September 21-27 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 1.7% in Washington and 3.1% in Oregon.


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

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




Supra Lockbox Activity – Updated Through Week of September 14-20

Lockbox Activity Down In Washington, Up In Oregon

When comparing the week of September 14-20 with the week prior, the number of times an RMLS subscriber opened a Supra lockbox decreased 1.2% in Washington and increased 1.4% in Oregon.


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

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




HOWNW.com Adds Section on Avoiding Foreclosure and Fraud

PMAR’s public service website, HOWNW.com (Home Ownership Opportunities Northwest) has a new section that offers consumers information from reliable sources such as the National Association of Realtors®, the Federal Trade Commission, Fannie Mae and the Office of the Comptroller of the Currency about how to avoid foreclosure and fraud.

To explore these useful new resources, visit: http://hownw.com/consumer/avoidingforeclosure.asp




Supra Lockbox Activity – Updated Through Week of September 7-13

Lockbox Activity Back Up

The deadline to be able to get the $8,000 first time home buyers credit is coming up. Perhaps this fact spurred the increase in lockbox activity this last week. When comparing the week of September 7-13 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox increased 6.7% in Washington and 3.9% in Oregon.


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

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




August Market Action Results Mixed

Same-month sales improve, but inventory rises in many areas

Pending sales in Clark County surpassed August 2008 & 2007 totals

Pending sales in Clark County surpassed August 2008 & 2007 totals

Sales Activity
Sales activity (pending sales & closed sales) outpaced totals from last August in several areas. Clark County continues to post impressive numbers in this category, as pending sales were up 24.9% and closed sales increased 21.4%. Portland posted a 13% increase in pending sales and 4% in closed sales.

In Southern Oregon, Curry County saw a big jump in pending sales, a 75% increase over last August. Coos County, the Columbia Basin region and Baker County also saw pending and closed sales grow.

Housing Inventory
Inventory, on the other hand, rose in many areas this month. However, most of the increases were modest and inventory remains well below 2008 levels.

Portland saw inventory rise to 7.8 months, up from 7.3 in July, but was still 21% below where inventory was in August 2008. Clark County, similarly, was at 8 months in August, but that was 37% lower than August 2008, when inventory stood at 12.7 months.

Baker, Curry, Douglas & Lane counties and the Mid-Columbia region all saw inventory increase in August, but in all cases, it was still lower than 2008.

Days on Market
You may have noticed that this month we have comparable data for the “Total Market Time” (TMT) statistical category. This is the amount of time that it takes from when a property is listed to when an offer is accepted on that same property. If the property is re-listed within 31 days, TMT continues to accrue; however, it does not include the time that it was off the market.

We started tracking this stat in August 2008, so we finally had comparable data this month. As you may recall, we used to measure “Current Listing Market Time” instead, this measure was less accurate as it only tracked the amount of time that a listing was on the market, it did not track the property address (so if it was re-listed, it would reset).

Overall, it appears that it is taking more time to market properties, all of our market areas saw increases compared to last August, with the exception of the Columbia Basin region and Union County.

In Portland it took 135 days to sell a property, up 11.5% from last August when it took 121 days.




August 2009 Market Action Released

Market Action

The latest edition of Market Action is now available to RMLS™ subscribers on RMLSweb. To view the latest reports, log on to RMLSweb and under the links section on the left side, there is a link that says “Latest Market Action” in red. A new window should open with all of the latest reports.

If you’re not an RMLS™ subscriber, but would like to see the latest Market Action report for your area, feel free to contact a Realtor® who is an RMLS™ subscriber and they can provide you with the report and further insight into local market conditions.

Stay tuned, as we will offer a few market highlights on the blog tomorrow!




Supra Lockbox Activity – Updated Through Week of Aug. 31-Sept. 6

Lockbox Activity Down Over Labor Day Weekend

It appears some house hunters took a break to get in that last camping trip or to prepare their kids for school. In Washington, the number of times RMLS™ subscribers opened Supra lockboxes was down 8% when comparing the week of August 24-30 to the week of August 31-September 6. In Oregon activity was also down 5.5%.


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

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