Buying, selling and operating apartments in Portland

Portland Apartment Sales > $450K in April 2015 | 28 May 2015

<<<April15vsApril14_PortlandAptSales>>>

RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in April 2015.

Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to April  2014 averages.

April  15 had a huge increase in sales again.  April  15 had 17 sales for a $143M total vs 18 sales in April  14 for a $104M total.  YTD shows about a 40% increase over 2014 YTD sales in terms of dollar volume.

April 15 had THREE large (>100 units) sales and April 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 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
steve.morris@svn.com  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512