Here are some facts about distressed properties recently published by our local multiple listing service (RMLS) for the first half of 2011:
These figures compare the first half of 2010 with the first half of 2011.
- Distressed Listings as a percentage of new listings increased by 4.5% (from 20.9% to 25.4%).
- Distressed Sales as a percentage of closed sales increased by 9.9% (from 28.1% to 38%).
- Short Sale properties comprised 13.4% of new listings and 10.1% of sales in 2011, up 2.1% and 1.1% from 2010, respectively.
- Bank Owned properties comprised 12.1% of new listings and 27.9% of sales in 2011, up 2.4% and 8.8% from 2010, respectively.
Bank-owned (REO) and short sale listings are considered "distressed properties", it doesn't mean the property is in poor shape physically; although it may be!
The West Linn Farmers' Market runs Wednesdays, 5:00pm-8:00pm, from June 22 - August 24
The Molalla Buckeroo runs this Friday July 1st through Monday July 4th.
Details are available online at www.molallabuckeroo.com
Millennium Plaza Park
200 First Street at the corner of First Street and Evergreen Road, downtown Lake Oswego
This is the 11th anniversary of the Lake Oswego Farmers' Market. Details and information are available online at http://www.ci.oswego.or.us/farmersmarket/