Buying, selling and operating apartments in Portland

Portland Apartment Market Sales By Neighborhood 2006-2011 | 21 March 2012

<<<Portland Apartment Sales History By Neighborhood_1Apr12>>>

RIGHT-CLICK ABOVE LINK (and save target) TO DOWNLOAD COMPLETE REPORT

Attached is a history of Portland apartment sales sorted by neighborhood from 2006 – 2011 of transactions > $450K.

The report covers the following neighborhoods:

Central Portland

East Portland

Beaverton – Hillsboro – West Portland

Vancouver

South Portland Suburbs (Tualatin, Tigard, Milwaukie, Oregon CIty, Wilsonville, Lake Oswego

Suburban East Portland – Gresham

Portland as an apartment sales market – Demand for larger complexes, especially Class A urban seems to be hitting some limits with push-backs on offerings of larger complexes.  However, >100 unit sales have been driving transaction volume in 2010 and 2011 and the recovery of the market.

Another cloud on the horizon will be loan interest rates which may not increase immediately, but seem to have gotten as low as they can go.  An increase in interest rates will drive Cap Rates higher which will put pricing pressure on existing apartment stock.

REMEMBER – Whether you are selling or keeping your apartments, maximizing Net Operating Income (NOI) is paramount.

SVN – Bluestone & Hockley has offered apartment brokerage, analysis, market valuations and property management – For more than 35 years!

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