Buying, selling and operating apartments in Portland

Jan 17 Portland METRO Apt Sales- Jan 17 | 3 March 2017

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

<<<portland_jan17vsjan16_aptsales>>>

Highlights:

  • CapRates reported are still in the low 5% compared to 2016 in the mid 5% range. 
  • $/unit Jan 17 YTD is a 70% increase over Jan 16 YTD.
  • $/SqFt Jan 17 YTD  is a 71% increase over Jan 16 YTD.
  • Jan 17 YTD sales = $72M vs. Jan 16 YTD sales of $158M

 

Jan 17 got off to a slow start, however, it followed a huge month in Dec 16.  The market does seem to be changing with pricing (and rents) giving signs of topping out for the near term.

I’ll be posting a 5 year (2011-2016) Portland apartment sales history by mid-March, but if you’d like an earlier copy, eMail me.  I sort sales by:

  • County
  • Neighborhood
  • Complex Size
  • Decade Built
  • Largest sales per county by total sale, $/SqFt and $/Unit

Interest rates – The threat of small increases remains, however, with lower unemployment we haven’t seen the wage and general inflation that drives increases so far.

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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