Buying, selling and operating apartments in Portland

Portland Apt Sales – Nov 16 | 29 December 2016

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

<<<portland_nov16_aptsales>>>

Highlights:

  • CapRates reported are still in the mid 5% compared to 2015 in the low 5% range. 
  • $/unit Nov 16 YTD is a 12.7% increase over Nov 15 YTD.
  • $/SqFt Nov 16 YTD  is a 9.5% increase over NOv 15 YTD.
  • Nov 2016 YTD sales = $2254M vs. Nov 2015 YTD sales of $2072M

We should be about 15%-20% over 2015 Full Year gross sales which is much higher than I would’ve projected in Sept 16.

Interest rates have jumped.  My conjecture is there’s a sense of impending rate increases driving a burst of large transactions in Oct-Dec 16.  Nov 16 had $434M in transactions (vs. $60M in Nov 15).

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 with 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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