Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – August 2014 | 2 October 2014



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

August 2014 (vs. August 2013) shows a big Year over Year bounce.  The total dollar volume was $358M (Aug 14) vs. $23M (Aug 13).   August 13 had ZERO large (>100 units) sales and August 14 had FIVE large sales.  The large sales in August 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 with their demand across the range.  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 no-0bligation in-depth financial analysis of your apartment with income/expense comps to your neighbors and comparable sales/rents 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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