Richard E Caplan

Portland Real Estate Market Information

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Archive for the ‘Uncategorized’ Category

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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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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Rates have Dropped

Posted by Richard E Caplan on September 9, 2008

Call or email your Loan Officer today. The rates changed for the worse once today. Any Fixed rate under 6% is a great opportunity. Do not be left out this time. For local rates and loan options go to Click here to apply online! You do not have to apply or give any personal information. Just give county, a price and loan amount. Thats it no name or email address. See now what you could be paying and saving.

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Updated Market Facts For August 2008 in Multnomah County

Posted by Richard E Caplan on September 9, 2008

Location : MULTNOMAH COUNTY
Number of Homes For Sale vs. Sold vs. Pended
Price Range: $400,000 – No Limit
SQFT Range: 0 – No Limit
Res Detached – All Property Statuses

 

 

Date 6/07 7/07 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
For Sale 1135 1185 1227 1307 1227 1105 953 978 1024 1082 1169 1234 1286 1307 1259
Sold 238 250 212 132 144 128 113 84 95 138 105 156 168 157 124
Pended 246 195 137 142 160 101 67 113 123 137 156 152 171 137 124
Mon of Inv. on Sold 4.8 4.7 5.8 9.9 8.5 8.6 8.4 11.6 10.8 7.8 11.1 7.9 7.7 8.3 10.2
Mon of Inv. on Pended 4.6 6.1 9.0 9.2 7.7 10.9 14.2 8.7 8.3 7.9 7.5 8.1 7.5 9.5 10.2
Avg. Act Price 742 722 721 700 710 719 739 735 752 735 743 753 745 742 738
Avg. Sld Price 614 597 616 606 648 606 644 622 579 604 574 600 614 616 596
Avg. Sq. Ft. Price 211.08 204.75 208.07 204.23 218.83 201.69 206.32 209.48 192.69 203.88 201.86 199.1 198.07 210.02 197.56
Sold/List Diff. % 98 98 98 97 95 97 96 96 97 96 97 97 97 96 96
Days On Market 48 41 47 54 47 54 65 78 72 71 56 48 58 49 59
Median Price 525 525 546 527 535 508 569 550 508 506 513 535 532 499 522
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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