Richard E Caplan

Portland Real Estate Market Information

  • Portland Real Estae

    Error: Twitter did not respond. Please wait a few minutes and refresh this page.

  • Advertisements

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.

Advertisements

Posted in Uncategorized | Leave a Comment »

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.


Posted in Uncategorized | Leave a Comment »

No Worries Mate

Posted by Richard E Caplan on September 8, 2008

The only ones that need to be concerned about the Freddie Mac Fannie Mae are the stock holders.  Home buyers will still have access to quality loans but the lending standards will hold firm.

Posted in Uncategorized | Leave a Comment »

NY Times report about Foreclosures

Posted by Richard E Caplan on September 5, 2008

Please use the link to read this interesting item. The homeowners that can use the new Fed programs to refinance are slowing the late payments and therefore the foreclosures. There are still a lot homes in the pipeline that need to b4e sold but in many markets they are diminishing.

http://www.nytimes.com/2008/09/06/business/06lend.html?ei=5070&emc=eta1

Posted in Uncategorized | Leave a Comment »

Market adjusts

Posted by Richard E Caplan on September 2, 2008

 

 

The number of new listings is leveling off. This is due to 2 factors. Fewer expired listings are being relisted and the well priced properties are selling. In any market sellers who are not able to get the price they want should take their home off the market.  This is now happening.  Look for inventory to lower and pendings to increase (month to month not year over year) until November when sales nomally decrease.

Posted in Uncategorized | Leave a Comment »

Latest Market Activity for Multnomah County

Posted by Richard E Caplan on August 29, 2008

 This report of activity does not show a specific percentage of value (appreciation) change for our market. The one quoted most often is the Case-Schiller index. The propblem with that index is it uses the exact same home sale. Therefore in the Portland MSA Case-Schiller has a decline in the 2Q as -5.8%.  A seller who bought  a year ago and is now sellinf is more likely to be in dire straights and therefore a distressed sale.  Hence the price decline. The Office of Federal Housing & Enterprise Oversight uses new mortgages and refinances (since they have the appraisals) to better gage appreciation. Their number is -1.08% for the 2Q of 2008 but +61% over 5 years.

 

 

here is the link to calculate your estimated current value. http://www.ofheo.gov/hpi.aspx#

Sellers should remember if they thought they could get $500,000 18 months ago and now only get $495,000 they did not lose $5,00. If you by a stock at 100 in 2004 and in 2007 it was at 150 but now at 125 when you sell you net $25. Your gain was 25% you did not lose $25 because once it was $150. 

Home valuses matter when you want/need to move. Those of us who intend to stay put for a while (one to 4 years) should relax and enjoy our home.

Location : MULTNOMAH COUNTY

Number of Homes For Sale vs. Sold vs. Pended
Price Range: $400,000 – $549,999
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.


Facts and TrendsTM
 
Published Aug. 2008
Location : MULTNOMAH COUNTY
Average Home Sold Price per SQFT
Price Range: $400,000 – $549,999
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.


Posted in Uncategorized | Leave a Comment »

Hello world!

Posted by Richard E Caplan on August 29, 2008

Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!

Posted in Uncategorized | Leave a Comment »