Richard E Caplan

Portland Real Estate Market Information

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.


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: