I Didn't Know Portland Metro Had a Roller Coaster Ride . . . In Real Estate it Does

By
Real Estate Broker/Owner with BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time Licensed State of Oregon
http://actvra.in/JQW

Roller CoasterSometime ago I would publish a weekly update on the Portland Metro real estate market.  I used the information gleaned from the RMLS, which had a simple graph indicating the frequency, during the prior week, of Supra Lockbox usage.  This was compared to previous weeks. 

EXAMPLE of the posts I used to publish weekly.

From some reason, I stopped the weekly update.  I still receive them every Monday and still review them.  I base buyer traffic with this information.  Most of the time it is very accurate. 

The highs of the "BUYERS ARE OUT VIEWING" is indicated by the upswing in numbers of Supra Lockbox entries recorded. 

The lows of the "BUYERS ARE NOT OUR VIEWING" is also indiated by the down-tick in numbers of Supra Lockbo entries recorded.

The past few weeks the graphs have looked like this Week Ending Sept. 30, 2012:

 This is the chart from a year ago week ending Sept. 25, 2011:

Sept. 30, 2012 - Week Ending Count of the Supra Lockbox : 16,434

Sept. 25, 2011 - Week Ending Count of the Supra Lockbox:  15,675

YES the current tally shows a little dip in the overall percentage of usage . . . BUT there is almost 1,000 MORE times that the Supra Lockbox was used in comparison.

As both graphs show, there is a huge dip in showing activing beginning right about now.

**MY ADVICE TO BUYERS**

What that means for Buyers:  If there is a time to buyers to buy a ticket and get on the ride -- thinking about buying -- the time to shop for a home is when there is LESS COMPETITION out there. 

Less buyers on the Roller Coaster means Buyers might be able to enjoy the ride by getting on NOW . . . and not wait for the (sure to come) upswing.

Roller Coaster rides are fun. 

 

Written for the AR contest: Real Estate Roller Coaster Ride

real estate recovery
Riding the Trillion-Dollar Real Estate Recovery Roller Coaster.

Posted by

Buyer Focused ~ Buyer Results

 

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner

Direct: 503-810-7192 | BuyersAgentPortland.com | Carla@BuyersAgentPortland.com

Buyer Questionnaire

100% Buyer Representation ~ 100% of the Time

Isn't it time you had your own Exclusive Buyers Agent?

 

All Rights Reserved © 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Oregon Washington County
Groups:
Diary of a Realtor
Bartender, Make it a Double
ActiveRain Contests
The Lounge at Active Rain
BananaTude
Tags:
real estate roller coaster ride

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,653,321
Tammy Lankford
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Never really thought of lockbox data as a guide, but I guess it is.... I mean even if an agent is just previewing it must mean they have buyers they are previewing for... not just out spending the day looking for fun.  I don't even know if I can access this data except on my own lockboxes.  One thing I love though (for my own listings) is our MLS shows the number of views for that listing.... through the system (an agent looking) or through IDX... (hopefully a consumer) although every once in a while I do the agent calling through my IDX.

Oct 10, 2012 12:12 PM #1
Ambassador
1,115,458
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9663

Hi Carla, interesting use of lockboxes as an indicator of future trends, have you noticed a consistent relationship between high lockbox usage and sold homes a month or so later?

Glad you are enjoying the Portland Roller Coaster!

Oct 10, 2012 12:24 PM #2
Ambassador
766,154
Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

Hmmm, I don't even know if I can look that up on our MLS...interesting.  Makes sense though to see how much buyer activity there is.  If it's going to be stiff competition, then buyers should know that will most likely drive prices up :)!  Great info Carla!

Oct 10, 2012 12:29 PM #3
Rainmaker
238,721
Peggy Hughes
PHA/Peggy Hughes Associates - Professional Moving Organizer - San Francisco, CA
SF NYC LA

Interesting twist on the roller coaster ride, Carla... good luck with your entry!

Oct 10, 2012 01:05 PM #4
Rainmaker
919,513
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

I would love to be in a market right now where there is less competition for buyers.  Portland buyers should definitely be out there before it's too late.

Oct 10, 2012 05:39 PM #5
Ambassador
795,290
Sharon Paxson
HÔM Sotheby's International Realty, BRE License 01501912 - Newport Beach, CA
Newport Beach Real Estate - HOM Sotheby's Int'l Re

Portland buyers should be out there, and you are the go to professional in Portland.

Oct 10, 2012 07:23 PM #6
Rainmaker
356,756
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

The Lockbox chart is brilliant.  I knew my market was getting really bad/slow/awful when I would list a gorgeous house at a scoop up price and I would just hear CRICKETS.

Oct 11, 2012 04:00 PM #7
Rainmaker
597,735
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Carla-This is another quantitative indicator of market activity. Most pieces of information can be used by a skilled analyst, like you, to both explain what the information means about the past, and to predict to some extent what is likely to happen in the near future.

Oct 11, 2012 06:00 PM #8
Ambassador
812,597
Debb Janes
The Carl Group, LLC - Camas, WA
REALTOR®, EcoBroker Camas, Washington

I like your twist on this contest - creative and different. You have a good mind Carla Muss-Jacobs.

Oct 12, 2012 02:04 PM #9
Post a Comment
Spam prevention
Show All Comments
Rainmaker
1,333,322

Carla Muss-Jacobs, Principal Broker/Owner

Buyer Focused ~ Buyer Results
Planning to Buy a Home? Let's Chat . . .
*
*
*
Spam prevention

Additional Information