This Week’s Lockbox Activity
For the week of January 21-27, 2013, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Oregon and Washington. The numbers in Oregon and Washington rose slightly this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
Here’s a quick rundown of upcoming real estate events and education for February in Oregon and Southwest Washington. If you have an event that’s not listed here, let us know in the comments!
February 7: Law and Rule Every broker is required to complete this course, which PMAR will be holding throughout the year. Topics include new licensing and continuing education requirements, new laws, new exemptions, and interactive case studies!
Location: Oregon Medical Association, SW Portland — $30
February 20: Basement and Crawlspace Waterproofing Learn about codes dealing with new construction, methods of waterproofing, proper drainage, existing basements, why they leak, how to repair, existing crawlspaces, water vapors, and more.
Location: Fidelity National Title, 700 NE Multnomah, Portland
February 27: Investing 101: Working with Small Multi-Family Housing Investors Panelists will walk attendees through working with investors purchasing four units or less. Topics include identifying and qualifying investors, appraisal challenges, and financing tips.
Location: Multnomah Athletic Club — $25 (continental breakfast included)
FREE RMLSweb Training
If you are an RMLS™ subscriber, we have many free educational opportunities at a location near you. View the current calendar for your area by clicking the link.
-Brookings
-Coos County
-Eastern Oregon
-Eugene
-Florence
-Gresham
-Hood River
-Portland
-Roseburg
-Salem
-Vancouver
Don’t forget to check out our webinars for training outside these areas, and the Open House hours at the Portland office each Friday (10am-noon) when subscribers may consult with Technical Training staff for individualized attention.
You can also find ongoing education and training classes through a number of different associations in the Portland metro area and beyond. To search for classes in February, classes check out the current event listings at the following associations:
Portland Metropolitan Association of Realtors® (PMAR)
East Metro Association of Realtors® (EMAR)
Clark County Association of Realtors®(CCAR)
This Week’s Lockbox Activity
For the week of January 14-20, 2013, these charts show the number of times RMLS™ subscribers opened Supra lockboxes in Oregon and Washington. The numbers in Oregon and Washington rose slightly this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
Each month, RMLS™ takes RMLSweb offline for a few hours in order to perform system maintenance and make improvements to the system. In January, RMLS™ will be implementing several small features designed to improve the site for subscribers.
Unauthorized Access
RMLS™ is embarking on a project this month designed to eliminate unauthorized access of RMLSweb. We will begin reviewing accounts which have a history of excessive duplicate logins and/or logins from multiple geographic locations (within a short timeframe) and work with those users to ensure the security of RMLSweb.
The program is designed to reduce potential security risks for both RMLS™ and our subscribers and also to improve user experience. We’d like every user to enjoy their RMLSweb sessions the way they were designed to work.
Rules Button
A new button will appear on RMLSweb‘s Agent Full and Data Only reports beginning January 31st that will enable subscribers to more easily submit concerns about a listing’s information to RMLS™ staff. Clicking the “Report an Issue” button below each listing on those reports will produce a pop-up window with a report subscribers can fill out and submit to the RMLS™ Rules and Regulations Department.
School Names
RMLSweb will update school names using proper case (Dundee vs. DUNDEE) and spell out most abbreviations (Falcon Heights vs. FALCON HTS). This will involve updating RMLSweb search fields and saved searches as well.
Increased Prospect Notifications
RMLSweb subscribers may currently receive notification of a prospect match up to three times a day. Starting January 31st, that frequency will be increased significantly, matching REALTORS® with prospective properties up to eight times throughout the day. As is currently the case, until the subscriber logs into RMLSweb to clear the matche(s), additional prospect notifications will not be sent.
SSP As Default on Search
Currently, RMLSweb defaults to including Short Sale Pending (SSP) in default search parameters. The RMLS™ Board of Directors has requested this default be removed. Beginning January 31st, only ACT and BMP will remain as default statuses, and subscribers will need to select SSP if they wish to search those listings.
We hope subscribers find these tweaks to RMLSweb useful. If you have any questions regarding these changes, email Help Desk at helpdesk@rmls.com or call us at (503) 872-8002, or outside the Portland area at (877) 256-2169.
The chart below shows the number of bank owned/REO and short sales in all areas of the RMLS™ system during 2012.
All areas when comparing percentage share of the market 2011 to 2012:
• Comparing 2011 to 2012, distressed sales as a percentage of closed sales decreased from 33.5% to 28.6%.
• New listings dropped from 61,980 to 58,280 which is a 5.9% decrease.
• Short sales comprised 11.3% of new listings and 12.1% of sold listings in 2012, down 2.6% and up 1.4% from 2011 respectively as a percentage of the market.
• Bank owned properties comprised 10.3% of new listings and 16.5% of sales in 2012, decreasing slightly from 13.1% and 22.8% respectively in 2011.
Portland metro when comparing percentage share of the market 2011 to 2012:
• Comparing 2011 to 2012, distressed sales as a percentage of closed sales decreased from 33.1% to 28.2%.
• New listings dropped from 33,940 to 32,011 which is a 5.6% decrease.
• Short sales comprised 12.1% of new listings and 12.3% of sold listings in 2012, down 3.2% and up 1.5% from 2011 respectively as a percentage of the market.
• Bank owned properties comprised 10.4% of new listings and 15.9% of sales in 2012, decreasing slightly from 13.4% and 22.3% respectively in 2011.
Clark County when comparing percentage share of the market 2011 to 2012:
• Comparing 2011 to 2012, distressed sales as a percentage of closed sales decreased from 43.2% to 32.2%.
• New listings dropped from 8,643 to 7,280 which is a 15.7% decrease.
• Short sales comprised 19.1% of new listings and 18.5% of sold listings in 2012, down 1.9% and up 2.1% from 2011 respectively as a percentage of the market.
• Bank owned properties comprised 8.8% of new listings and 13.7% of sales in 2012, decreasing from 15.9% and 26.8% respectively in 2011.
Below are links to additional charts for some of our larger areas:
Portland Metro
Clark County, WA
Lane County, OR
Douglas County, OR
Coos County, OR
If you want information on percentages of distressed sales in other areas not represented by our charts, please contact us at communications@rmls.com.