Richard E Caplan

Portland Real Estate Market Information

Portland Tri County Real Estate Trends

Posted by Richard E Caplan on October 6, 2011

http://post2web.trendgraphix.com/FactsAndTrends/Post2Web.aspx?FtId=98ebfffa-b907-43ec-b7c9-488ea5d5f8a1

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Latest Home Sales for SW/NW Portland

Posted by Richard E Caplan on March 16, 2009

Portland Home Sales

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The 10 Biggest Mistakes Sellers Make

Posted by Richard E Caplan on January 12, 2009

Try this link for an excellent example of The Ten Biggest Mistakes Sellers Make. Many sellers skip the agents advice and always pay the price. Watch the video and be rewarded with a better price and shorter market time.

http://www.howcast.com/videos/29934-How-To-Avoid-the-10-Biggest-Mistakes-Home-Sellers-Make

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Portland Real Estate Sales

Posted by Richard E Caplan on December 10, 2008

Westside New and Resale Homes 400,000 to 649,000

 

Location : Portland West/Raleigh Hills
Number of Homes For Sale vs. Sold
Price Range: $400,000 – $699,999
SQFT Range: 0 – No Limit
Res Detached – All Property Statuses

 

 

  1 year 15 months
  Nov 07 Nov 08 % Change Sep 07 Nov 08 % Change
For Sale 327 338 3.4% 384 338 -12%
Sold 39 21 -46.2% 46 21 -54.3%
Pended 26 18 -30.8% 49 18 -63.3%

 

Date 9/07 10/07 11/07 12/07 1/08 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08
For Sale 384 358 327 286 282 295 326 341 387 411 439 438 428 395 338
Sold 46 56 39 25 29 38 52 34 63 43 54 51 35 38 21
Mon of Inv. on Sold 8.3 6.4 8.4 11.4 9.7 7.8 6.3 10.0 6.1 9.6 8.1 8.6 12.2 10.4 16.1
Mon of Inv. on Pended 7.8 7.5 12.6 11.4 6.9 6.7 7.4 5.9 9.2 6.4 10.2 11.5 10.7 16.5 18.8
Avg. Act Price 547 549 547 546 546 549 553 551 555 549 553 551 549 548 548
Avg. Sld Price 522 526 538 540 552 527 531 548 541 528 510 528 502 503 545
Avg. Sq. Ft. Price 197.1 198.93 198.49 189.08 196.22 190.04 194.25 210.01 188.16 182.21 188.8 191.33 199.99 179.38 185.39
Sold/List Diff. % 98 97 97 96 96 97 97 98 97 97 96 96 96 97 94
Days On Market 57 49 58 75 86 86 83 66 64 61 49 65 74 65 79
Median Price 515 529 505 545 560 515 525 539 535 505 492 519 485 500 550
All reports presented are based on data supplied by the RMLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


Posted in Buying and Selling Real Estate, buying real estate, Market Stats, oregon Real Estate, Portland Metro Area, Portland, Or, Real Estate, Real Estate Agent Connections | Leave a Comment »

Posted by Richard E Caplan on December 10, 2008

Westside Condos 400,000 to 649,999  New and Resales

 

Location : Portland West/Raleigh Hills
Number of Homes For Sale vs. Sold
Price Range: $400,000 – $699,999
SQFT Range: 0 – No Limit
Condo – All Property Statuses

 

 

  1 year 15 months
  Nov 07 Nov 08 % Change Sep 07 Nov 08 % Change
For Sale 222 255 14.9% 261 255 -2.3%
Sold 23 10 -56.5% 14 10 -28.6%
Pended 23 10 -56.5% 15 10 -33.3%

 

Date 9/07 10/07 11/07 12/07 1/08 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08
For Sale 261 254 222 214 229 284 298 298 302 286 258 269 262 274 255
Sold 14 21 23 31 16 20 16 18 17 43 24 23 14 12 10
Mon of Inv. on Sold 18.6 12.1 9.7 6.9 14.3 14.2 18.6 16.6 17.8 6.7 10.8 11.7 18.7 22.8 25.5
Mon of Inv. on Pended 17.4 12.7 9.7 13.4 12.7 25.8 12.4 14.9 11.6 7.3 11.7 16.8 8.7 30.4 25.5
Avg. Act Price 543 543 549 545 542 538 540 537 539 545 542 539 534 535 533
Avg. Sld Price 528 504 507 518 548 527 497 513 515 498 526 530 510 509 502
Avg. Sq. Ft. Price 376.25 402.33 410.97 404.94 374.55 348.52 351.71 366.7 394.27 375.05 397.44 419.8 388.84 307.78 400.49
Sold/List Diff. % 98 97 99 98 98 97 99 98 97 97 96 97 95 93 96
Days On Market 72 62 57 116 95 140 112 236 145 98 148 154 129 90 198
Median Price 518 509 500 499 568 512 462 496 485 470 528 529 520 517 492
All reports presented are based on data supplied by the RMLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


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The Total Portland Condo Market

Posted by Richard E Caplan on November 17, 2008

The graph shows the combined current market for resale and new construction NW/SW condos. The one caveat is most developers do not list all available units in the RMLS. There are a few sales in new buildings that were presales and therefore also not in the numbers from RMLS.

Number of Homes For Sale vs. Sold
Price Range: $300,000 – No Limit
SQFT Range: 0 – No Limit
Condo – All Property Statuses
Date 8/07 9/07 10/07 11/07 12/07 1/08 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08
For Sale 613 627 616 556 518 575 632 661 686 679 657 631 620 633 643
Sold 100 46 39 62 81 35 60 48 43 45 89 54 51 34 33
Mon of Inv. on Sold 6.1 13.6 15.8 9.0 6.4 16.4 10.5 13.8 16.0 15.1 7.4 11.7 12.2 18.6 19.5
Mon of Inv. on Pended 11.8 17.9 12.6 10.3 12.6 16.9 18.6 10.5 14.6 13.1 7.9 13.7 13.2 10.0 30.6
Avg. Act Price 641 647 657 685 690 689 678 680 665 666 654 660 657 655 657
Avg. Sld Price 485 504 540 597 593 684 704 648 615 504 574 545 592 582 609
Avg. Sq. Ft. Price 416.9 415.56 404.35 425.99 429.7 448.06 448.36 452.5 409.32 392.9 427.3 400.74 430.33 442.05 396.71
Sold/List Diff. % 100 98 96 100 99 98 99 99 94 97 98 96 96 95 95
Days On Market 76 73 83 72 100 103 107 113 161 124 103 112 128 128 145
Median Price 379 378 475 480 490 575 578 422 472 409 458 510 492 435 445
All reports presented are based on data supplied by the RMLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


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Questions All Sellers Should Ask Themselves

Posted by Richard E Caplan on October 13, 2008

The following comments were made by Windermere agent Leanne Finlay. She is in the Kirkland – Yarrow Bay office.  She posted these comments in a blog on the Seattle Post- Intelligencer website.  

“Maybe the time has come to face the facts. Your house/condo isn’t selling, and you don’t really need to sell it, you just sort of thought it would be nice to sell it, the prices have been climbing, and gosh, honey, let’s get a new place. Normally, those are good reasons to want to sell.

Our market is different today than last year, or even six months ago. There has been a national mess not made in heaven, but made in some very big, very important, very stable banks and mortgage companies. They call this mess the “Subprime Mortgage Crisis”. Personally, I don’t understand how it got this big. I can’t quite wrap my mind around the idea that simple ‘greed’ created this national catastrophe, and that the brains behind the scenes at these major companies simply ignored economic reality: prices cannot escalate forever at the intensity of the past few years. A fifth grader should be able to understand this idea, how could so many sophisticated money managers miss this focus on basics?

It really doesn’t matter what I think, or how stupidly the executives behind these banking and mortgage giants behaved. We’ve got a big problem on our hands, Martha, and it isn’t going away easy. Add the high cost of gas/fuel and other uncertainties in our economy, and you’ve got a mixed bag of problems. Our area is strong, but not immune from the economy, and yesterday’s prices are just that: yesterday’s prices.

So, if you just sort of, maybe, kind of, want to sell ‘if you can get your price’ … give it up. Just take your home off the market, and enjoy it. Garden, paint, entertain, have some parties, remodel, maybe watch the kids or grandkids grow, enjoy life. Make more home sweet home memories, they truly are the important things in life!

But, maybe you have a more compelling reason to sell today: you need a bigger home, a smaller home, moving out of area, selling a rental home, handling an estate, can’t stand the yard, really want a yard, whatever the reason, you have decided that you do need to sell, and you need to sell now. Find, interview, and listen to the advice of the best agents you can find. Choose the one you feel will represent you well. After 30 days, reduce that asking price if the property isn’t selling. Did your agent ask you to make improvements, such as new carpet, paint or light fixtures? Clean up the yard? For Pete’s Sake, get those jobs done, and make your property shine.

Ask yourself this: What are the 3 most important words in real estate?
No gold star for you if you said Location, Location, Location.

Today the 3 most important words are often: Drop Your Price.

If there are 5 houses/condos very similar to yours for sale today, you need to be the best priced, best conditioned one to gain a buyer. Best is best, not second best and most certainly not third, or fourth or fifth.

If your home isn’t selling in a timely fashion, think of it this way: The buyers are telling you it is time for you to consider keeping your home, and enjoy it. So, either price your home competitively + and prep it to be the best condition you possibly can, or take it off the market, and enjoy it. Price + condition matter immensely.

The cost to move forward to a new home may be a smart move on your part, or it may be more comfortable for you to take a second look at the home you fell in love with the day you bought it, and plan to stay for awhile longer. Take a look at the market we have today, and analyze your strategy.”

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New Statistics For NW & SW Portland Homes

Posted by Richard E Caplan on October 13, 2008

Published Oct. 2008
Location : Portland West/Raleigh Hills
Number of Homes For Sale vs. Sold
Price Range: $400,000 – No Limit
SQFT Range: 0 – No Limit
Res Detached – Resale

 

 

All reports presented are based on data supplied by the RMLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


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New Statistics For NW & SW Portland Condos

Posted by Richard E Caplan on October 13, 2008

Published Oct. 2008
Location : Portland West/Raleigh Hills
Number of Homes For Sale vs. Sold
Price Range: $300,000 – No Limit
SQFT Range: 0 – No Limit
Condo – All Property Statuses

 

 

All reports presented are based on data supplied by the RMLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.


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New News on Bad Loans

Posted by Richard E Caplan on September 11, 2008

Take a look at the peice from Reuters.  http://www.reuters.com/article/email/idUSN0933494620080911

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