This Week’s Lockbox Activity
For the week of April 13-19, 2015, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity increased in both states this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
Click to enlarge
Ever wonder how distressed properties fare in terms of their cumulative days on market (CDOM) versus traditional listings?
RMLS™ tax data guru Kim Hutchinson has been tracking CDOM on RMLSweb since July 2009 and as a follow-up to last week’s release of the Q1 2015 residential distressed properties infographics, we put his collected monthly records into graph form.
Enjoy!
Old homestead buildings along Haggerty Lane, Sherman County.
RMLS™ recently added Sherman County to its tax database, meaning RMLSweb now boasts complete tax information for the state of Oregon!
What does this mean for RMLS™ subscribers? Listings in Sherman County will auto-populate some public records information in Listing Load, making the listing broker’s job a little easier.
A few facts about Sherman County:
• The county was named for General William Tecumseh Sherman.
• When Wasco County settlers wanted to have their own political process, Sherman County was carved out of the northeast corner of Wasco County.
• Sherman County covers 831 square miles, with an assessed value of $433,693,873.
• Much of Sherman County is prime wheat-growing land, but the county is also known for scenic views and outdoor recreation.
(Source: Oregon Blue Book Online)
We’re happy to have Sherman County in the system. In 2003, RMLSweb only had public records for 10 Oregon counties and Washington’s Clark County. Today, we boast public records for all 36 Oregon counties and seven Washington counties!
This Week’s Lockbox Activity
For the week of April 6-12, 2015, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Washington saw a decrease in activity this week, while Oregon saw activity increase.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
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.