Buying, selling and operating apartments in Portland

Portland-Metro Apartment Sales >$450K in March 2015 | 24 April 2015

<<<Portland Apartment March 15 Sales>>>


Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in March 2015.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to March 2014 averages.

March 15 had a huge increase in sales again.  March 15 had 21 sales for a $127M total vs 13 sales in March 14 for a $53M total.

March 15 had TWO large (>100 units) sales and March 14 had THREE large sales.

Most of the pricing numbers are being driven by large sales (70% of total sales dollars).  However, price increases are across all apartment types due mainly to a lack of inventory for sale (i.e listings.)

Be aware of the current value of your apartment with unsolicited offers.  We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.

If you’d like our 5 year (2009-2014) review of the Portland apartment market history, let me know and I’ll send an copy.  If you’d like last years report (2008-2013), I can send a copy also.

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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