Area Activity & Short Sale Report - May 2011

Marion County
Short Sales

Sales By Type

Avg. Sold Price

Avg. Prior 1st Mtg Amt
Avg. % Sold Price/Prior 1st Mtg.

1.15% 0.57%

REO Sales

SFR Full Sale (94)

39.08%
54.02%

$ 166,678
$ 198,465
83.98%

SFR Short Sales (9)

Avg. Sales Price

Median Sales Price

SFR REO Sale (68)

Condo/TwnHm Full Sale (2)

$ 121,453
$ 116,550

REO Sales Average Timeline (Days)

Condo/ TwnHm REO Sale (1)

1st NOD to Trustees Deed (to

Trustees Deed to REO Sale

1st NOD-REO Sale

5.17%

Median Sold Price Per Sq. Foot

100.00
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00

79.37

86.21
73.46
60.49
43.79
Median Sold Price Per
Sq. Foot

SFR Median Price

Per SqFt (94)

SFR Short Sales

Median Price Per
SqFt (9)

SFR REO Sale

Median Price Per
SqFt (68)

Condo/TwnHm Condo/ TwnHm REO

Median Price Per Sale Median Price
SqFt (2)
Per SqFt (1)

216
216
425

Marion County Transaction Overview by Type/ZIP

Zipcode

0
97002
97020
97026
97032
97071
97137
97301
97302
97303
97305
97306
97307
97308
97309
97310
97311
97312
97314
97317
97325
97342
97346
97350
97352
97362
97373
97375
97381
97383
97384
97385
97392

City

AURORA
DONALD
GERVAIS
HUBBARD
WOODBURN
SAINT PAUL
SALEM
SALEM
SALEM
SALEM
SALEM
KEIZER
SALEM
SALEM
SALEM
SALEM
SALEM
SALEM
SALEM
AUMSVILLE
DETROIT
GATES
IDANHA
JEFFERSON
MOUNT
ANGEL
SAINT
BENEDICT
SCOTTS
MILLS
SILVERTON
STAYTON
MEHAMA
SUBLIMITY
TURNER
Total

NOD

NOT

REO

Auction
Purchase

SFR
SFR Median
Full Price Per
Sale
SqFt

SFR Short
Sales
SFR
Median
Short Price Per
Sales
SqFt

SFR
REO
Sale

SFR REO
Sale
Median
Price Per
SqFt

Cond
o/Twn Condo/TwnH
Hm
m Median
Full
Price Per
Sale
SqFt

Condo/
TwnHm REO
Condo/
Sale Median
TwnHm REO
Price Per
Sale
SqFt

0
2
0
0
0
10
0
16
9
16
8
7
0
0
0
0
0
0
0
4
4
0
0
0
3

0
1
1
0
0
8
0
15
11
7
7
6
0
0
0
0
0
0
0
0
3
0
0
0
1

0
0
0
4
1
3
0
7
2
4
3
4
0
0
0
0
0
0
0
1
2
0
0
0
0

0
0
0
0
0
0
0
1
0
0
1
2
0
0
0
0
0
0
0
0
0
0
0
0
0

2
0
0
0
1
10
1
12
13
14
8
12
0
0
0
0
0
0
0
8
0
0
0
0
3

58.33
0.00
0.00
0.00
89.99
64.96
132.37
66.88
96.57
80.24
72.05
84.81
0.00
0.00
0.00
0.00
0.00
0.00
0.00
60.19
0.00
0.00
0.00
0.00
84.50

0
0
0
1
0
1
0
2
0
1
0
1
0
0
0
0
0
0
0
2
0
0
0
0
0

0.00
0.00
0.00
67.83
0.00
75.95
0.00
58.95
0.00
87.92
0.00
96.21
0.00
0.00
0.00
0.00
0.00
0.00
0.00
68.77
0.00
0.00
0.00
0.00
0.00

0
1
1
0
0
10
0
16
5
10
11
6
0
0
0
0
0
0
0
3
1
0
0
0
1

0.00
32.63
54.70
0.00
0.00
66.41
0.00
61.03
57.31
52.66
59.72
67.06
0.00
0.00
0.00
0.00
0.00
0.00
0.00
52.84
32.15
0.00
0.00
0.00
81.50

0
0
0
0
0
0
0
0
1
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
89.54
0.00
86.21
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
43.79
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0
2
2
0
0
0

0
2
1
0
0
0

0
2
0
0
1
4

0
0
0
0
0
1

0
2
2
0
3
3

0.00
54.49
44.14
0.00
85.16
79.37

0
1
0
0
0
0

0.00
73.46
0.00
0.00
0.00
0.00

0
1
2
0
0
0

0.00
70.13
47.03
0.00
0.00
0.00

0
0
0
0
0
0

0.00
0.00
0.00
0.00
0.00
0.00

0
0
0
0
0
0

0.00
0.00
0.00
0.00
0.00
0.00

83

64

38

94

79.37

73.46

68

60.49

86.21

43.79

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". Knowing
which lender(s) are approving Short Sales, real estate professionals now can focus on working opportunities with lenders which are more likely to approve
a 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.

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