To download the individual sales report, right-click the link below and “Save As”:
Highlights:
We are 24% over 2015 Full Year gross sales which is much higher than I would’ve projected in Sept 16. 50% of 2016’s gross dollar sales happened in Oct, Nov and Dec 16.
Dec 16 would’ve been a good year not that long ago (in 2010 to be specific.)
I’ll be posting a 5 year (2011-2016) Portland apartment sales history by mid-Feb, but if you’d like an earlier copy, eMail me. I sort sales by:
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. Dec 16 had $668M in transactions (vs. $260M in Dec 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.
Steve Morris - VP with IMG Northwest
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