Residential Distressed Properties for Fourth Quarter (October-December) 2016

Residential Distressed Properties for Fourth Quarter (October-December) 2016

This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the fourth quarter of 2016.

Below are links to additional charts for some of our larger areas.
Portland Metro Area Distressed Properties (4th Quarter 2016)
Clark County, WA Distressed Properties (4th Quarter 2016)
Lane County, OR Distressed Properties (4th Quarter 2016)
Douglas County, OR Distressed Properties (4th Quarter 2016)
Coos County, OR Distressed Properties (4th Quarter 2016)

Here are some additional facts about distressed residential properties in the fourth quarter of 2016:

All areas when comparing percentage share of the market, fourth quarter to third quarter 2016:
• When comparing fourth quarter to third quarter 2016, distressed sales as a percentage of new listings increased by 2.0% (5.9 v. 3.9%).
• In a comparison of fourth quarter to third quarter 2016, distressed sales as a percentage of closed sales decreased by 0.4% (4.7 v. 5.1%).
• Short sales comprised 1.0% of new listings and 0.8% of sales in the fourth quarter, up 0.3% and down 0.2% from the third quarter of 2016, respectively.
• Bank owned/REO properties comprised 4.9% of new listings and 3.9% of sales in the fourth quarter, up 1.7% and down 0.2% from the third quarter of 2016, respectively.

Portland metro when comparing percentage share of the market, fourth quarter to third quarter 2016:
• When comparing fourth quarter to third quarter 2016, distressed sales as a percentage of new listings increased by 1.3% (4.2 v. 2.9%).
• In a comparison of fourth quarter to third quarter 2016, distressed sales as a percentage of closed sales decreased by 2.6% (3.8 v. 6.4%).
• Short sales comprised 1.0% of new listings and 0.9% of sales in the fourth quarter, up 0.4% and down 0.8% from the third quarter of 2016, respectively.
• Bank owned/REO properties comprised 3.2% of new listings and 2.9% of sales in the fourth quarter, up 0.9% and down 1.8% from the third quarter of 2016, respectively.

Clark County when comparing percentage share of the market, fourth quarter to third quarter 2016:
• When comparing fourth quarter to third quarter 2016, distressed sales as a percentage of new listings increased by 0.8% (3.6 v. 2.8%).
• In a comparison of fourth quarter to third quarter 2016, distressed sales as a percentage of closed sales decreased by 0.8% (2.7 v. 3.5%).
• Short sales comprised 0.9% of new listings and 1.0% of sales in the fourth quarter, down 0.4% and unchanged for sales when compared to the third quarter of 2016.
• Bank owned/REO properties comprised 2.7% of new listings and 1.7% of sales in the fourth quarter, up 1.2% and down 0.8% from the third quarter of 2016, respectively.

RMLS™ is pausing its quarterly publication of distressed properties information with the closing of 2016. If distressed properties become a larger portion of residential home sales in the future, distribution of this data may begin again.

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.

RMLS™ by the Numbers 2016

It’s that time again! RMLS™ has made it through another year working hard for thousands of subscribers across Oregon and Southwest Washington and we’d like to show just how much RMLS™ has supported real estate activity over the course of a single year. How do we do it? We compile a suite of numbers to quantify the work we do for our REALTOR® members.

Compare the numbers below with the same from the prior three years and see how we’ve grown!

RMLSweb
Number of times subscribers logged in to RMLSweb: 1,785,754
Photos uploaded to listings: 1,688,226
Property searches run: 572,205
Number of new prospect profiles created: 78,319
All residential properties listed for sale: 75,331
All residential properties sold: 59,203
Median sold price of homes listed: $300,000
Total dollar volume of homes sold: $20,243,723,000
Unique tax searches: 111,094
Reports viewed: 9,856,816
Broker tour searches run: 11,744
Open house searches run: 10,534
Statistical searches run: 24,247

RMLS™ Subscribers
RMLS™ subscribers as of December 2016: 13,345
New RMLS™ subscribers (compared to December 2015): 1,132
Increase in subscribers, above: +9.3
Subscribers who attended training: 3,538
Number of calls to the RMLS™ Help Desk: 25,850
Number of Help Desk chats: 4,508
Number of incidents reported using the “Report Issue” button: 6,668
CE hours distributed by RMLS™ at no cost to subscribers: 2,514
Total attendance at RMLS™ training events: 3,538

RMLS.com
Total customer visits to RMLS.com: 3,145,131
Unique visits: 1,141,705
Total listing views: 1,790,588

Social Media
RMLS™ followers on Facebook (December 31st): 3,715
RMLS™ followers on Twitter (December 31st): 2,837

RMLS™ regularly compiles plenty of other numbers as well! In addition to publishing Market Action each month, we have statistical summaries available on RMLSweb with information dating back several years. Since 2012 we’ve also been compiling statistics about residential distressed properties in RMLSweb.

We love numbers here at RMLS™, and hope you find this data as fun and interesting as we do.

RMLS™ by the Numbers 2016

It’s that time again! RMLS™ has made it through another year working hard for thousands of subscribers across Oregon and Southwest Washington and we’d like to show just how much RMLS™ has supported real estate activity over the course of a single year. How do we do it? We compile a suite of numbers to quantify the work we do for our REALTOR® members.

Compare the numbers below with the same from the prior three years and see how we’ve grown!

RMLSweb
Number of times subscribers logged in to RMLSweb: 1,785,754
Photos uploaded to listings: 1,688,226
Property searches run: 572,205
Number of new prospect profiles created: 78,319
All residential properties listed for sale: 75,331
All residential properties sold: 59,203
Median sold price of homes listed: $300,000
Total dollar volume of homes sold: $20,243,723,000
Unique tax searches: 111,094
Reports viewed: 9,856,816
Broker tour searches run: 11,744
Open house searches run: 10,534
Statistical searches run: 24,247

RMLS™ Subscribers
RMLS™ subscribers as of December 2016: 13,345
New RMLS™ subscribers (compared to December 2015): 1,132
Increase in subscribers, above: +9.3
Subscribers who attended training: 3,538
Number of calls to the RMLS™ Help Desk: 25,850
Number of Help Desk chats: 4,508
Number of incidents reported using the “Report Issue” button: 6,668
CE hours distributed by RMLS™ at no cost to subscribers: 2,514
Total attendance at RMLS™ training events: 3,538

RMLS.com
Total customer visits to RMLS.com: 3,145,131
Unique visits: 1,141,705
Total listing views: 1,790,588

Social Media
RMLS™ followers on Facebook (December 31st): 3,715
RMLS™ followers on Twitter (December 31st): 2,837

RMLS™ regularly compiles plenty of other numbers as well! In addition to publishing Market Action each month, we have statistical summaries available on RMLSweb with information dating back several years. Since 2012 we’ve also been compiling statistics about residential distressed properties in RMLSweb.

We love numbers here at RMLS™, and hope you find this data as fun and interesting as we do.