Buying, selling and operating apartments in Portland

Sept 2015 – Apartment Sales in Portland Metro >$450K | 29 October 2015

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


(Right-click link and Save As)

Sept 2015 had $261M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties.  This is a 344% increase from Sept 2014.

It is official, in terms of total sales dollars, 2015 is highest year ever.  Sept 15 YTD at $1.68B easily surpassed 2014 FY sales of $1.6B

Comments on some key indicators:

  • Sept 2015 had $261M in total sales.  Largest month ever.
  • 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.  Sept 15 YTD $/unit shows a 8.5% increase over Sept 14 YTD. Sept 15 YTD $/SqFt show a 12.2% increase over Sept 14 YTD.
  • Projected FY 2015 sales = $2.3B 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.

Portland backlash – City of Portland enacted a 90-day notice rule for rent increases >5%.  Bluestone & Hockley will have a presentation on this (19 Nov) for the public with an invite in their office in SW Portland.  If you’re interested in attending, contact me.

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 |
OR License # 200202054 | WA License # 24512

All Sperry Van Ness®Offices Independently Owned and Operated

For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here. 

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