Buying, selling and operating apartments in Portland

Portland Apt Sales – March 2016 | 28 April 2016

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

<<<Portland_Mar16vsMar15_AptSales>>>

Highlights:

  • CapRates reported are still in the mid-high 5% compared to 2015 in the low 6% range. 
  • $/unit March 16 YTD is a 5.3% increase over March 15 YTD.
  • $/SqFt March 16 YTD  is a 5.3% increase over March 15 YTD.
  • March 2016 YTD sales = $546.32M vs. March 2015 YTD sales of $433.0M

Rent/Tenant environment – Class A units in close-in locations (especially new construction) are starting to give concessions.   We 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.  Based on 2015YTD vs. 2016 YTD we are not seeing the same rate of increase as 2014 vs. 2015.

2010-2015 Portland Apartment Market 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 breakdown by neighborhood

– 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. 

Advertisements

Leave a Comment »

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: