Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – June 2012 | 15 August 2012

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Above is a table of individual Portland-area sales of apartment complexes greater than $450,000 in June 2012. We’ve included $/unit, $/sqft , unit count, year built and CapRate (as reported) and a comparison to June 2011 averages.  June 2011 had 3 sales that totaled almost $100M which skews the averages.

June 2012 is the second month in a row without any large (>50 units) sales.  A comparison to June 2011 is difficult since there were 3 large sales in Jun 11 and none in Jun 12, however, sales figures seem flat.

However, we look to be about even with what was sold in 2011.  Below are projected numbers for 2011 vs. projected 2012 (based on numbers thru June 2012 annualized):

If you’d like more information on:

– A comparative analysis of your property vs. your neighborhood with specific comp properties for sale and listed and a rent survey, or

– Analyzing your property to maximize your income to see how you can make more money or get a higher sales price, or

– Details/background on individual sales in the report, or

– Free copy of our 80-page book – Buying, Selling and Operating Apartments Using FInancial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com (503) 970-4593