Buying, selling and operating apartments in Portland

Sept 16 – Portland Area Apt Sales | 27 October 2016

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

<<<portland_sep16vssep15_aptsales>>>

Highlights:

• CapRates reported are still in the mid 5% compared to 2015 in the high 5% range. 
• $/unit Sept 16 YTD is a 8.8% increase over Sept 15 YTD.
• $/SqFt Sept 16 YTD  is a 7.6% increase over Sept 15 YTD.
• Sept 2016 YTD sales = $1459M vs. Sept 2015 YTD sales of $1784M

We’re still behind 2015 YTD sales numbers.  There will be a noticeable dropoff in gross sales dollars for 2016 vs. 2015.  This is mainly due to a reduction in the >100 unit complex sales.  Here’s a history of ratio of >99 unit / <100 unit sales:

There is a noticeable slow-down in SFR sales in Portland.  We anticipate that multi-units will reflect this with pricing and rent pressure moderating compared to 2016YTD.

Interest rates may show a slight increase by EOY.  This may be one more chilling effect on the market.

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

– A very useful financial analysis of your property, call me.  It includes I&E comparison to similar properties, sales and rent comps.

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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