Buying, selling and operating apartments in Portland

February 2016 – Portland Apartment Sales | 24 March 2016

To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Feb16vsFeb15_AptSales>>>

Highlights:

  • CapRates reported are still in the mid-high 5% compared to 2015 in the low 6% range. 
  • $/unit Feb 16 YTD is a 1.6% increase over Feb 15 YTD.
  • $/SqFt Feb 16 YTD  is a 1.8% increase over Feb 15 YTD.
  • Feb 2016 YTD sales = $354.0M vs. Feb 2015 YTD sales of $354.1M

Rent/Tenant environment – There are reports of tenant push-back on rent increases and move-ins asking for concessions.   We do continuously monitor, but be aware that rent growth may be flattening.

Apartment pricing –  This will be driven by income growth and interest rates.  However, for units in the right location, buyers are still driving pricing with close-in units pushing the $200K/unit price mark.

2010-2015 Portland Apartment Marker History Report is available for download at:

https://portlandapartmentsales.com/2016/03/10/2010-2015-portland-apartment-summary/

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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