Buying, selling and operating apartments in Portland

Portland Apartment Sales for August 2015 >$450K | 1 October 2015

For detail on individual sales, please download the PDF at:

<<<Portland Apartments Aug15 vs Aug14 Sales>>>

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August 2015 had $168M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties.  This is a 55% decrease from August 2014.

Comments on some key indicators:

• Aug 2015 is the first month in 2015 with lower total monthly sales than the same month in 2014.
• CapRates reported are still in the high 5% range overall similar to 2014.  However, CapRates suffer from reporting bias and are not as objective as other measures.
• $/sqft and $/unit are a more objective measure.  Aug 15 YTD $/unit show a 9.3% increase over Aug 14 YTD.  Aug 15 YTD $/SqFt show a 13.7% increase over Aug 14 YTD.
• Projected FY 2015 sales = $2.15B vs. 2014 sales of $1.6B (previous best ever year)

Interest rate environment – The threatened Sept rate increase failed to materialize due to perceived weakness globally.  However, probabilities favor an increase by the Fed by EOY.  Then again, stop me if you’ve heard this one before.

YOUR PROPERTY – If you’d like a further breakdown on how in-demand your neighborhood is call.  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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512

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