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

by RMLS Communication Department | Feb 2, 2017 | Distressed Properties, Industry News, Market Trends, Statistics

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.

Residential Distressed Properties for Third Quarter (July-September) 2016

by RMLS Communication Department | Oct 27, 2016 | Distressed Properties, Industry News, Market Trends, Statistics

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

Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (3rd Quarter 2016)
• Clark County, WA Distressed Properties (3rd Quarter 2016)
• Lane County, OR Distressed Properties (3rd Quarter 2016)
• Douglas County, OR Distressed Properties (3rd Quarter 2016)
• Coos County, OR Distressed Properties (3rd Quarter 2016)

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

All areas when comparing percentage share of the market, third quarter to second quarter 2016:
• When comparing third quarter to second quarter 2016, distressed sales as a percentage of new listings decreased by 0.2% (3.9 v. 4.1%).
• In a comparison of third quarter to second quarter 2016, distressed sales as a percentage of closed sales decreased by 1.7% (5.1 v. 6.8%).
• Short sales comprised 0.7% of new listings and 1.0% of sales in the third quarter, down 0.1% and 0.3% from the second quarter of 2016, respectively.
• Bank owned/REO properties comprised 3.2% of new listings and 4.1% of sales in the third quarter, down 0.1% and 1.4% from the second quarter of 2016, respectively.

Portland metro when comparing percentage share of the market, third quarter to second quarter 2016:
• When comparing third quarter to second quarter 2016, distressed sales as a percentage of new listings decreased by 0.4% (2.9 v. 3.3%).
• In a comparison of third quarter to second quarter 2016, distressed sales as a percentage of closed sales increased by 0.9% (6.4 v. 5.5%).
• Short sales comprised 0.6% of new listings and 1.7% of sales in the third quarter, down 0.1% and up 0.5% from the second quarter of 2016, respectively.
• Bank owned/REO properties comprised 2.3% of new listings and 4.7% of sales in the third quarter, down 0.3% and up 0.4% from the second quarter of 2016, respectively.

Clark County when comparing percentage share of the market, third quarter to second quarter 2016:
• When comparing third quarter to second quarter 2016, distressed sales as a percentage of new listings decreased by 0.4% (2.8 v. 3.2%).
• In a comparison of third quarter to second quarter 2016, distressed sales as a percentage of closed sales decreased by 1.7% (3.5 v. 5.2%).
• Short sales comprised 1.3% of new listings and 1.0% of sales in the third quarter, unchanged for new listings and down 1.5% when compared to the second quarter of 2016, respectively.
• Bank owned/REO properties comprised 1.5% of new listings and 2.5% of sales in the third quarter, down 0.4% and 0.2% from the second quarter of 2016, 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.