Buying, selling and operating apartments in Portland

Portland Apartment Sales – Dec 18 | 1 February 2019

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

<<<portland_dec18vsdec17_aptsales>>>

Highlights:

  • Gross sales dollars Dec 18 YTD = $2523M is a 44% INCREASE over Dec 17 YTD = $1750M
  • $/unit Dec 18 YTD = $187K is a 6% INCREASE over Dec 17 YTD = $177K.
  • $/SqFt Dec 18 YTD = $222.37 is a 10% INCREASE over Dec 17 YTD = $201.63
  • CapRate Dec 18 YTD = 5.37% is a 0.2% INCREASE over Dec 17 YTD = 5.36%

Including all sales, we are at a prelim number of $2.5B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016).  Interest rates and strength of the rental market in Portland (especially for new construction) are the biggest threats/motivators.

I should have a 2013-2018 Portland Apartment Market History by mid-Feb 19.  If you’d like more information on 2012-2017 Portland Apartment Market history.  Is posted at:

https://portlandapartmentsales.com/2018/03/22/portland-apt-market-2017-annual-report/

If you like numbers, you’ll find this recap of the market for the past 5 years of interest.  You can eMail me for a copy also.

– Free financial analysis of your property, eMail/call me for a SAMPLE report.  It will be helpful if you’re making decisions about futures or operations and includes I&E comparison to neighboring properties along with recent sales and rent comparables.

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

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