Market Trends 2012 Update for Current Homes for Sale in Beaverton

What is the Beaverton Real Estate Market Doing?

The graph indicates the CURRENT listings for homes for sale in Beaverton. These include traditional sales, short sales and bank owned property.

The purpose of this chart is to give an overview of the percentages of Beaverton homes that are currently on the market since they have now evolved into distinct segments, here's a good way to look at current activity of homes for sale in Beaverton.

How Are Properties Beaverton Homes for Sale Listed?

• Traditional: A traditional home for sale in Beaverton would mean it is NOT bank owned or being sold as a short sale. There is no third-party approval required. A Beaverton Homes for sale that is a non-distressed sale.

• Short Sale: Homes for Sale in Beaverton that do not have the current market value to pay-off an existing mortgage, or mortgages, may be sold as a "short sale."

• Short Sale Offer Pending: When a buyer and seller have mutually agreed to terms on a short sale listing, the lender, or lenders, must approve the deal. The offer is accepted between buyer and seller but it waiting for bank approval. Homes for Sale in Beaverton that are listed as a short sale, have buyer and seller mutual consent will continue to be marketed as ACTIVE until the bank has approved the short sale.

• Banked Owned aka REO: There are some Beaverton homes for sale that have been foreclosed on. They are bank owned, aka REO properties (real estate owned).

Beaverton Homes for Sale in Numbers

Currently the numbers for homes in Beaverton that are currently for saleare:

• Traditional Listings: 204 (59.3% of current Beaverton homes for sale market)
• Short Sales: 106 (14.83%)
• Short Sale Pending: 55 (15.9%)
• Bank Owned: 34 (9.88%)

With almost 60% of the homes listed for sale in Beaverton are "traditional" sales, nearly 40% of the market is struggling with distressed sales of either a short sale or bank owned. These distressed forms of listings have competed with traditional listings, or vice versa.

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Please see ActiveRain's article Real Estate Recovery or Not?