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Portland Metro Area Short Sale Stats

By
Real Estate Agent with RE/MAX Integrity ORREL#200404256

I have some friends that want to buy in Tualitin, Tigard, Sherwood areas. I jumped into RMLS and to my dismass I found SHORT SALES. I searched 230k and under, 3 bedroom 2 bath. Guess how many home I found that were not short sales. If I told you 26 listings came up how many are not short sales? ...

If you guessed 4 you are right. These numbers are staggering. The Portland Market and Portland agents are facing a tough reality. The Salem Market has not experienced the same level of short sales. We see them but it is terrible in Portland especially for buyer's who do not want the hassel of Short Sales.

Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Trevor,

It is interesting to see the varing inventory levels of distressed properties. Some communities seen to have such desirablity that they avoided the problems.

Steve

Feb 18, 2010 02:11 PM
Bill Somerset
Re/Max Realty Group - Dover, NH
ABR, e-PRO - Realtor - NH Real Estate Agent

We are finding a lot of short sales in our market too.  The key is to make sure the agents listing the short sales are educated enough to be listing them!

Feb 18, 2010 11:46 PM
Jared Hokanson
Hokanson Realty & Jared Realty Group - Medford, OR
Your Home Sold, GUARANTEED!*

Those are some staggering short sale numbers.  We definately see pockets here in Southern Oregon where the short sales are dominating the market as well.

Feb 22, 2010 02:22 PM