Buying, selling and operating apartments in Portland

Portland Apt Sales – March 17 | 28 April 2017

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

<<<Portland_Mar17vsMar16_AptSales>>>

Highlights:

• $/unit March 17 YTD is a 28% increase over March 16 YTD.
• $/SqFt March 17 YTD  is a 27% increase over March 16 YTD.
• March 17 YTD sales = $382M vs. March 16 YTD sales of $571M = -33%

2017 is off to a slow start in terms of gross sales dollars at $376M (vs. $571M 2016 YTD).  The rental market is still relatively strong, but owners are adjusting to the changing political climate and rule changes.

If you have a day, City of Portland gives a very useful annual class.  I’ve included topics, class times and sign-up info here:

https://portlandapartmentsales.com/2017/04/21/city-of-portland-landlord-training-spring-2017/

I’ve posted a 5 year (2011-2016) Portland apartment sales history on this site.  I sort sales by:

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

 

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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