Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – July 2014 | 4 September 2014



Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in July 2014.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to July 2013 averages.

July 2014 (vs. July 2013) show pretty much the same pattern and metrics.    July 13 had ONE large (173 units in Vancouver) sale and June 14 had ONE large sale (>100 units).  The large sales in July 2014 did skew averages up since we use weighed averages for $/unit and $/SqFt.

The issue continues to be a paucity of smaller listings and listings in general with buyers driving pricing thru their demand.  Again, look out for any long-term interest rate increases which will be a damper on pricing.

Clark county continues to show fewer sales than last year.  However, the projected total sales dollars should easily eclipse 2013 sales ($1.06B in 2013 vs. a projection of $1.4B in 2014) while sales in terms of complexes/individual units will drop.  Large sales are skewing total sales volume.


If you’d like more information on:

– Details/background on individual sales in the report or

– A 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  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512

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