Buying, selling and operating apartments in Portland

Portland Apt Market Sales – April 2017 | 26 May 2017

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

<<<Portland_Apr17vsApr16_AptSales>>>

Highlights:

• $/unit April 17 YTD = $168K is a 22% increase over April 16 YTD = $138K.
• $/SqFt April 17 YTD = $186.76 is a 13% increase over April 16 YTD = $165.72.
• April 17 YTD sales = $405M vs. April 16 YTD sales of $669M = -40%

The rental market is still strong, but owners are adjusting to the changing political climate and rule changes which will put a limiter on the increase in income (i.e. rents).

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.