by RMLS Communication Department | Oct 26, 2009 | Lockbox, Market Trends, Oregon Real Estate, Statistics, Washington Real Estate
Down 5.5% in Washington and Oregon
When comparing the week of October 12 – 18 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 5.5% in Washington and Oregon.

Click the chart for a larger view (Washington, top; Oregon, bottom)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
by RMLS Communication Department | Oct 23, 2009 | Market Trends, Portland, Statistics
Homes below $400k make up 85% of sales in September
I recently read that in Phoenix, 93% of September Home Sales were below $400k. The author says that Phoenix is essentially a “tale of two markets”, one where homes in the lower priced spectrum are selling & where high-end homes are sitting.
We’ve looked at similar numbers before to see how the homebuyer tax credit was effecting the Portland market, so I figured it was time to take a look at these numbers again & see how we compare to the Phoenix sales by price range – here’s what I found:
% of Portland Home Sales by Price Range (September 2009)
|
Sept. 2009 |
% of Sales |
Sept. 2008 |
% of Sales |
| $0-$150k |
190 |
10.4% |
115 |
6.6% |
| $150-$200k |
383 |
20.9% |
235 |
13.6% |
| $200k-$250k |
416 |
22.7% |
420 |
24.3% |
| $250k-$400k |
569 |
31.0% |
633 |
36.6% |
| $400k-$500k |
142 |
7.7% |
170 |
9.8% |
| $500k-$750k |
96 |
5.2% |
114 |
6.6% |
| $750k – $1 million + |
38 |
2.1% |
44 |
2.5% |
|
|
% of Sales by Price Range, Combined (September 2009)
|
Sept. 09 |
Sept. 08 |
| Below $250k |
53.9% |
44.5% |
| Below $400k |
85.0% |
81.1% |
| Above $500k |
7.3% |
9.1% |
As you can see, not quite as high as Phoenix, but still 85% of sales in Portland were below $400k, which is up about 4% from last September.
Also note that sales below $250k are up 9.4% from last September. I suspect a lot of those sales can be attributed to the $8,000 tax credit (although some investors may also be cashing in on some lower priced homes as well).
The tax credit is set to expire on November 30, and the debate rages on in Washington over its extension. It seems to have given the market here a boost, so it will be interesting to see how the market fares if/when it expires.
If the tax credit does indeed expire, it would still take a lot for things to get worse this winter compared to last year. Last January we saw sales activity drag to the lowest total in the Portland metro area that we had seen since RMLS™ began keeping records in 1992.
What do you think? Did the tax credit help? Should it be extended? Leave a comment, we’d love to hear your opinion!
by RMLS Communication Department | Oct 22, 2009 | Market Trends, RMLS Market Action, Statistics
Top 5 Areas with the Lowest Housing Inventory in September, Portland & Clark County
Below are the five MLS areas with the lowest supply of housing inventory for September 2009 for the Clark County and Portland metro areas. Inventory measures how long, in theory, it would take to exhaust the current supply of housing. We arrive at this number by dividing the number active listings by the number of sales for the month.
Clark County
| Area |
Area # |
Actives |
Sales |
Inventory |
| Lincoln/Hazel Dell |
14 |
34 |
10 |
3.4 |
| Five Corners |
25 |
89 |
18 |
4.9 |
| East Orchards |
26 |
90 |
18 |
5.0 |
| Cascade Park |
24 |
105 |
20 |
5.3 |
| Evergreen |
22 |
276 |
51 |
5.4 |
Portland Metro
| Area |
Area # |
Actives |
Sales |
Inventory |
| Beaverton/Aloha |
150 |
1,007 |
204 |
4.9 |
| NE Portland |
142 |
1,016 |
185 |
5.5 |
| North Portland |
141 |
455 |
75 |
6.1 |
| Southeast Portland |
143 |
1,396 |
228 |
6.1 |
| Hillsboro/Forest Grove |
152 |
880 |
142 |
6.2 |
by RMLS Communication Department | Oct 21, 2009 | Realtor Safety, Tips & Tricks
Rid the Neighborhood of Pests and Save the Pets
Nothing puts a damper on a showing like a rat running around the house or a trail of ants marching across the counter. Naturally, as a showing agent you may want to use some form of pest control to remove these unwelcome intruders. But would you use rat poison?
I don’t know how common the practice is, but a concerned subscriber recently wrote in to ask that we post a message discouraging the use of rat poison around the parameter of a home or other building for sale because of the fatal effect it can have on neighborhood pets.
While it’s not my place to take a formal stance on an issue like this, I do have a little black pug named Tater and I know I would be devastated if he died from eating someone else’s pest poison. So I did a little research and I thought I’d pass along the information I found as something to consider.
According to About.com these types of poisons can be especially dangerous because “they are made to be attractive and tasty, even to the curious pet.” This goes for all pest removal baits: rat, slug, snail, mice, and ant. It also means that hiding them in the ivy may not be enough to keep other animals from getting into them.
About.com goes on to say it’s best to “make sure that they are safely out of any pet’s reach (and that the pets aren’t able to chew through something to get at them).” The aforementioned subscriber suggests strategically placing traps or poison inside the for sale structure away from other neighborhood animals.
Thanks for considering the nearby animals and their owners when dealing with pest control issues. For more information on poisonous substances for pets see the ASPCA Animal Poison Control Center.
by RMLS Communication Department | Oct 19, 2009 | Lockbox, Oregon Real Estate, Statistics, Washington Real Estate
Activity Slides in Oregon & Washington
When comparing the week of October 5 – 11 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox decreased 7.7% in Washington and 10.4% 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.