Buying, selling and operating apartments in Portland

Oct 16 – Portland Apartment Sales | 4 December 2016

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

<<<portland_oct16vsoct15_aptsales>>>

Highlights:

  • CapRates reported are still in the mid 5% compared to 2015 in the high 5% range. 
  • $/unit Oct 16 YTD is a 10.0% increase over Oct 15 YTD.
  • $/SqFt Oct 16 YTD  is a 8.3% increase over Oct 15 YTD.
  • Oct 2016 YTD sales = $1736M vs. Oct 2015 YTD sales of $1998M

We’re still behind 2015 YTD sales numbers, however, we should be about even with 2015 FullYear gross sales due to a couple of large sales in November.

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

Interest rates have jumped.  Depending on the extent, this may put pressure on pricing.  In any case, for underwriting assume (as of today), loan rates in the mid 4% range (up from low 4% range).

If you’d like more information on:

– Details/background on individual sales in the report or a breakdown by neighborhood

Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis

– A very useful financial analysis of your property, call.  It will include I&E comparison to neighboring properties along recent sales and rent comparables.

Please contact me:

Steve Morris | Vice-President
IMG Northwest
1234 SW 18th, Suite 102
Portland, OR 97205
Phone: 503.970.4593 
steve@imgnorthwest.com | www.imgnorthwest.com
OR License # 200202054 | WA License # 24512

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

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