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Investors Push Home Sales in Portland Higher in April
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You're Now Reading:
Investors Push Home Sales in Portland Higher in April
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Investors Push Home Sales in Portland Higher in April
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June 12, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area climbed in April as a record percentage of investors scooped up nearly one-third of the homes sold in the area during the month according to real estate information provider DataQuick.

A total of 2,489 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in April. Sales were 4.5 percent higher than in March and 8.4 percent higher than in April of 2011.

Home sales in the region typically increase 2.4 percent between March and April but were 30.6 percent lower than the historical average for the month. It was the tenth consecutive month that home sales in the area improved year-over-year.

Cash buyers accounted for 24.6 percent of the purchases in April, down from 27.3 percent in March and 28.6 percent the previous year. Cash buyers paid a median price of $160,000 for the homes that they purchased during the month which was down from $170,000 in March and down from $171,000 in April of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for a record 31.8 percent of all homes sold in April paying a median price of $192,750. That was up from 26.8 percent of all homes sold in March at a median price of $193,320 and up from 18.9 percent of all homes sold in April of last year at a price of $168,250.

The overall median price paid for new and resale homes and condos in April was $215,000, up 2.4 from March and up 1.4 percent from April of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 39.8 percent of the resale market in April with foreclosure re-sales accounting for 26.0 percent of the distressed sales, unchanged from the previous month, while short sales accounted for 13.8 percent of the distressed sales, also unchanged from March.

Foreclosures fell in April with lenders foreclosing on 333 single-family homes and condos, down 12.1 percent from March and down 6.7 percent from April of 2011.

Tags: DataQuick, existing home sales, Portland, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
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Calculator
Mortgage
Rates

June 12, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area climbed in April as a record percentage of investors scooped up nearly one-third of the homes sold in the area during the month according to real estate information provider DataQuick.

A total of 2,489 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in April. Sales were 4.5 percent higher than in March and 8.4 percent higher than in April of 2011.

Home sales in the region typically increase 2.4 percent between March and April but were 30.6 percent lower than the historical average for the month. It was the tenth consecutive month that home sales in the area improved year-over-year.

Cash buyers accounted for 24.6 percent of the purchases in April, down from 27.3 percent in March and 28.6 percent the previous year. Cash buyers paid a median price of $160,000 for the homes that they purchased during the month which was down from $170,000 in March and down from $171,000 in April of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for a record 31.8 percent of all homes sold in April paying a median price of $192,750. That was up from 26.8 percent of all homes sold in March at a median price of $193,320 and up from 18.9 percent of all homes sold in April of last year at a price of $168,250.

The overall median price paid for new and resale homes and condos in April was $215,000, up 2.4 from March and up 1.4 percent from April of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 39.8 percent of the resale market in April with foreclosure re-sales accounting for 26.0 percent of the distressed sales, unchanged from the previous month, while short sales accounted for 13.8 percent of the distressed sales, also unchanged from March.

Foreclosures fell in April with lenders foreclosing on 333 single-family homes and condos, down 12.1 percent from March and down 6.7 percent from April of 2011.

Tags: DataQuick, existing home sales, Portland, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

June 12, 2012 (Shirley Allen)

Monthly sales of new and existing homes in the Portland area climbed in April as a record percentage of investors scooped up nearly one-third of the homes sold in the area during the month according to real estate information provider DataQuick.

A total of 2,489 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in April. Sales were 4.5 percent higher than in March and 8.4 percent higher than in April of 2011.

Home sales in the region typically increase 2.4 percent between March and April but were 30.6 percent lower than the historical average for the month. It was the tenth consecutive month that home sales in the area improved year-over-year.

Cash buyers accounted for 24.6 percent of the purchases in April, down from 27.3 percent in March and 28.6 percent the previous year. Cash buyers paid a median price of $160,000 for the homes that they purchased during the month which was down from $170,000 in March and down from $171,000 in April of last year.

Absentee buyers, usually investors and vacation home buyer’s, accounted for a record 31.8 percent of all homes sold in April paying a median price of $192,750. That was up from 26.8 percent of all homes sold in March at a median price of $193,320 and up from 18.9 percent of all homes sold in April of last year at a price of $168,250.

The overall median price paid for new and resale homes and condos in April was $215,000, up 2.4 from March and up 1.4 percent from April of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales accounted for 39.8 percent of the resale market in April with foreclosure re-sales accounting for 26.0 percent of the distressed sales, unchanged from the previous month, while short sales accounted for 13.8 percent of the distressed sales, also unchanged from March.

Foreclosures fell in April with lenders foreclosing on 333 single-family homes and condos, down 12.1 percent from March and down 6.7 percent from April of 2011.

Tags: DataQuick, existing home sales, Portland, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.