I ran a search last month in RMLS looking for something very specific: homes for sale that were new but older than 2010. It should have been an easy search. But early a third of the results were either owner or tenant occupied. Realtors clearly weren’t understanding the definition of “new”. It can’t be new if it is lived in. A new car is no longer a new car the second you drive it off the lot. Live in a house and it is no longer new. I emailed back and forth with RMLS and though I expect most of this was in the works, the date description is now required in a listing and they have clearly (re)defined what the descriptions mean:
APPROX: Approximately – Year Built indicates the approximate year in which the home was built.
FIXER: Fixer – Needs Repair.
NEW: New – Construction completed, but home has never been occupied.
PROPOSD: Proposed – Not yet under construction.
REGHIST: Home is on the Register of Historic Homes.
REMOD: Remodeled – Some or all of the home has been remodeled.
RESALE: Resale – Existing home for sale.
RESTORD: Restored – Homes restored to original condition.
UNDERCON: Under Construction – Ground broken and construction actually under way.
UNKNOWN: Unknown due to loss of county records.
I expect that all of the houses that came up in my search will now fall under the RESALE category.
Portland Real Estate |RMLS Year Built Descriptions | Presented by the Turner Realtors Team