Posted by Randy on December 12, 2004 at 10:25:50:
No I don’t, so I have been making my own.
I’ve set up a simple spread sheet with these fields:
Address,
Asking Price,
Actual Price,
Units,
Price Per Unit,
Gross Rents,
Gross Multiplyer,
Studio,
1Br,
2Br
3Br
Condition
Neighborhood
Cross Streets
Then I’ve gone to Loopnet and entered the data from every apartment building listed in my area (Fresno CA). The buildings under contract get a “C” in the “Actual Price” field. I will check back in a month or two to see what the closing price was. I suppose I should add a field for closing date.
It has given me a much clearer picture of what pricing is real and what is fantasy pricing.