Buying, selling and operating apartments in Portland

Nov 2015 – Portland Apartment Sales | 4 January 2016

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

<<<Nov15vsNov14Sales>>>

(Right-click link and Save As)

Nov 2015 had $59M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties.  This is a 25% decrease from Nov 2014 ($79M).

In terms of total sales dollars, 2015 is highest year ever. Nov 15 YTD at $2.058B has easily surpassed 2014 FY sales of $1.6B

Highlights:

  • CapRates reported are still in the mid-high 5% compared to 2014 in the low 6% range. 

  • $/unit Nov 15 YTD is a 13% increase over Nov 14 YTD.

  • $/SqFt Nov 15 YTD  is a 17% increase over Nov 14 YTD.

  • Projected FY 2015 sales = $2.25B vs. 2014 sales of $1.6B (previous best ever year)

Interest rate environment – The Fed did make a 0.25% increase in overnight funds rates with a threat of future increases this year (2016).

Landlord/Tenant Changes – City of Portland enacted a 90-day notice rule for rent increases >5%.  Effective 1 January 2016, Oregon has enacted tenant law changes also.  If you’d like a copy of a presentation by Leah Sykes of Bittner-Hahs attorneys, please download it at:

https://portlandapartmentsales.com/2015/11/25/oregon-portland-new-rules-for-apt-owners/

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

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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