july 2011 distressed property report

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  • 8/4/2019 July 2011 Distressed Property Report

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    Avg. Sold Price 192,395$

    Avg. Prior 1st Mtg Amt 248,125$Avg. % Sold Price/Prior 1st Mtg. 77.54%

    Avg. Sales Price 125,073$

    Median Sales Price 120,425$

    Average Sales Price 43,154$

    281211

    1st NOD to Trustees Deed (to Bank)

    Trustees Deed to REO Sale

    REO Sales Average Timeline (Days)

    REO Sales

    Short Sales

    Area Activity & Short Sale Report - July 2011

    Marion County

    Auction Sales

    65.6%

    6.70%

    26.79%0.96%

    Sales By Type

    SFR Full Sale (137)

    SFR Short Sales (14)

    SFR REO Sale (56)

    Condo/TwnHm Full Sale (2)

    st - a e

    65.6%

    $81.40

    $71.43

    $61.93 $62.43

    0.00

    10.00

    20.00

    30.00

    40.00

    50.00

    60.00

    70.00

    80.00

    90.00

    SFR Median Price Per SqFt SFR Short Sales Median

    Price Per SqFt

    SFR REO Sale Median Price

    Per SqFt

    Condo/TwnHm Median

    Price Per SqFt

    Median Sold Price Per Sq. Foot

    Median Sold Price Per Sq.

    Foot

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    Area Activity & Short Sale Report - July 2011

    Zipcode City NOD NOT REOAuction

    Purchase

    SFR

    Full

    Sale(137)

    SFR

    Median

    Price PerSqFt

    SFR

    Short

    Sales(14)

    SFR Short

    Sales

    Median

    Price PerSqFt

    SFR

    REO

    Sale(56)

    SFR

    REO

    Sale

    Median

    Price

    PerSqFt

    Condo/

    TwnHm

    FullSale (2)

    Condo/TwnH

    m Median

    Price PerSqFt

    0 0 0 0 0 0 0.00 0 0.00 1 53.76 0 0.00

    97002 AURORA 0 1 0 0 0 0.00 1 58.38 1 181.57 0 0.0097020 DONALD 0 0 0 0 1 71.46 1 91.53 0 0.00 0 0.0097026 GERVAIS 1 0 0 0 2 63.91 1 59.10 1 68.18 0 0.0097032 HUBBARD 4 2 0 0 2 96.24 0 0.00 1 125.63 0 0.00

    97071 WOODBURN 11 17 2 1 10 80.83 0 0.00 8 53.21 1 62.43

    97137 SAINT PAUL 1 0 0 0 0 0.00 1 82.71 0 0.00 0 0.00

    97301 SALEM 17 9 7 1 23 59.48 2 41.57 10 53.64 0 0.0097302 SALEM 6 10 8 0 25 81.40 2 67.70 6 71.15 0 0.0097303 SALEM 14 7 3 2 18 90.14 3 73.11 6 71.26 0 0.0097305 SALEM 14 10 7 0 14 66.74 1 77.81 4 61.12 0 0.0097306 SALEM 10 9 3 0 19 88.60 1 106.74 7 72.31 1 75.8797317 SALEM 6 9 1 0 4 50.59 1 86.48 5 57.52 0 0.0097325 AUMSVILLE 2 1 0 0 0 0.00 0 0.00 1 39.97 0 0.0097342 DETROIT 0 0 0 0 2 121.03 0 0.00 0 0.00 0 0.00. . . .97346 GATES 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00

    97350 IDANHA 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.0097352 JEFFERSON 2 2 0 0 3 101.36 0 0.00 1 75.76 0 0.0097358 LYONS 0 2 0 0 0 0.00 0 0.00 0 0.00 0 0.00

    97360 MILL CITY 2 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00

    97362 MOUNT ANGEL 0 2 1 0 0 0.00 0 0.00 0 0.00 0 0.00

    97373 SAINT BENEDICT 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.0097375 SCOTTS MILLS 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.0097381 SILVERTON 5 1 2 0 8 99.81 0 0.00 4 48.29 0 0.00

    97383 STAYTON 3 5 1 0 3 79.07 0 0.00 0 0.00 0 0.0097384 MEHAMA 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.0097385 SUBLIMITY 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.0097392 TURNER 0 2 0 0 3 82.02 0 0.00 0 0.00 0 0.00

    Total 98 89 35 4 137 81.40 14 71.43 56 61.93 2 62.43

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    Market Summary by ZIP Code- Published monthly by County, the first pages are a summary by ZIP code, by SFR and Condo/Townhomes.# NOD- Count of Notices of Default filed in the period

    # NOT- Count of Notices of Trustee Sale filed in the period# REO- Count of Trustee Deeds that failed to sell at Auction and now Bank REO# Auction Purchase- Cash Sales at bank auction typically to investors

    *Information deemed reliable but not guaranteed

    Short Sale Analysis- Demand for this report originated from Real Estate Professionals working Short Sale Transactions. Many found the short sale

    process varied widely from lender to lender. The principle question asked: "which lenders are opting for a short sale instead of foreclosure". Knowingwhich lender(s) are approving Short Sales, real estate professionals now can focus on working opportunities with lenders which are more likely to approvea short sale and in a reasonable timeframe.REO Sales Analysis- In many markets there are more Bank Owned properties currently not listed for sale, not listed on the MLS or actively marketed.

    While there are several reasons for this, both investors and real estate professionals are seeking to identify which lenders are selling their REO assets

    which represent new sales and investment opportunities.

    Investor Auction Purchases- Our report separates Trustee Deeds conveyed to investors and REO properties going back to the bank. In addition the

    report reveals the ratio between auction sales to investors and the assumption rate for banks taking on REO assets.