Buying, selling and operating apartments in Portland
Portland Apartment Sales for July 2015 >$450K
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<<<July15vsJuly14Sales>>>
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Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in July 2015.
Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to July 2014 averages.
Not much has changed outside of volume is still picking up.
Well, July 2015 had $221M in sales in the 4-county area. This is a 250% increase over July 2014. Total 2015 sales project to be $2.2B vs. Total 2014 sales of $1.6B
July 15 had 20 sales vs 14 sales in July 14 for a $15.6M total. YTD shows about a 109% increase over 2014 YTD sales in terms of dollar volume. July 15 had SEVEN large (>100 units) sales and July 14 had ONE large sale.
Again, a lot of the pricing and volume is being led by large sales. For July 15, 92% of the total sales dollars were in >100 unit complexes (7 of the total 20 sales). However, <100 unit complexes are achieving record pricing in $/sqft and $/unit – Especially well-located properties.
If you’d like a further breakdown on how in-demand your neighborhood is call. Be aware of the current value of your apartment with unsolicited offers. We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.
If you’d like more information on:
– Details/background on individual sales in the report or
– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
Portland Apartment Sales > $450K in June 2015
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<<<June15vsJune14Sales>>>
RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT
Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in June 2015.
Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to June 2014 averages.
2015 is shaping up to be the reverse of 2009. In 2009, there were no buyers, now in 2015 the sellers have become scarce. In 2009, contrarians (buyers) in most cases have probably doubled their money if they sold today. Will 2015 reward today’s sellers with a long-term peak in pricing? While we don’t anticipate the cataclysm that was 2009, large owners are selling and locking in some very nice gains and atoning for buying at above-market prices prior.
Well, June 2015 would’ve been a good year not that long ago with $354M in sales in the 4-county area. This is a 80% increase over June 2014. Total 2015 sales project to be $2B vs. June 2014 sales of $1.5B
June 15 had a huge increase in sales over June 14. June 15 had 20 sales for a $60M total vs 12 sales in June 14 for a $15.6M total. YTD shows about a 86% increase over 2014 YTD sales in terms of dollar volume. June 15 had SEVEN large (>100 units) sales and June 14 had THREE large sales.
Again, a lot of the pricing and volume is being led by large sales. However, <100 unit complexes are achieving record pricing in $/sqft and $/unit – Especially well-located properties.
If you’d like a further breakdown on how in-demand your neighborhood is call. Be aware of the current value of your apartment with unsolicited offers. We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.
If you’d like more information on:
– Details/background on individual sales in the report or
– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
Portland Apartment Sales > $450K in April 2015
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<<<April15vsApril14_PortlandAptSales>>>
RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT
Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in April 2015.
Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to April 2014 averages.
April 15 had a huge increase in sales again. April 15 had 17 sales for a $143M total vs 18 sales in April 14 for a $104M total. YTD shows about a 40% increase over 2014 YTD sales in terms of dollar volume.
April 15 had THREE large (>100 units) sales and April 14 had THREE large sales.
Most of the pricing numbers are being driven by large sales (70% of total sales dollars). However, price increases are across all apartment types due mainly to a lack of inventory for sale (i.e listings.)
Be aware of the current value of your apartment with unsolicited offers. We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.
If you’d like more information on:
– Details/background on individual sales in the report or
– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
Portland-Metro Apartment Sales >$450K in March 2015
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<<<Portland Apartment March 15 Sales>>>
RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT
Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in March 2015. Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to March 2014 averages.
March 15 had a huge increase in sales again. March 15 had 21 sales for a $127M total vs 13 sales in March 14 for a $53M total.
March 15 had TWO large (>100 units) sales and March 14 had THREE large sales.
Most of the pricing numbers are being driven by large sales (70% of total sales dollars). However, price increases are across all apartment types due mainly to a lack of inventory for sale (i.e listings.)
Be aware of the current value of your apartment with unsolicited offers. We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.
If you’d like our 5 year (2009-2014) review of the Portland apartment market history, let me know and I’ll send an copy. If you’d like last years report (2008-2013), I can send a copy also.
If you’d like more information on:
– Details/background on individual sales in the report or
– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
Feb 2015 – Portland Apartment Sales >$450K
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<<<Feb15vsFeb14_PortlandAptSales>>>
RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT
Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in February 2015. Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Feb 2014 averages.
Feb 15 had a huge increase in sales again. Feb 15 had 25 sales for a $142M total vs 8 sales in Feb 14 for a $48M total.
Feb 15 had TWO large (>100 units) sales and Feb 14 had ONE large sale.
2015 returns will be driven by interest rates and operating dynamics (including vacancy rates in higher end, new construction and expenses growing faster than rents.)
If you’d like our 5 year (2009-2014) review of the Portland apartment market history, let me know and I’ll send an copy. If you’d like last years report (2008-2013), I can send a copy also.
If you’d like more information on:
– Details/background on individual sales in the report or
– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
2009-2014 Portland Apartment Market Sales History
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<<<Portland Apartments Market History_13March15>>>
RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT
We’ve generated our annual 5 year history of the Portland apartment market covering sales >$450K in Clark (WA), Clackamas (OR), Multnomah (OR) and Washington (OR) counties
Topics include:
- Current Market overview
- 2009-2014 Portland market notes
- 2015 Futures/Trends
- 2014 Sales by County (Averages / Largest)
- 2009-2014 Sales by Neighborhood, Complex Size and Decade Built
Any suggestions to make the report more readable are always appreciated.
If you’d like more information on details/background on individual sales in the report or a free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
Tags: History, sales
Apartment Sales > $450K for January 2015 in Portland Metro
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<<<Jan15vsJan14Sales>>>
RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT
Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in January 2015. Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to Dec 2013 averages.
January 2015 and January 2014 showed a new year’s burst of activity.
The total dollar volume was $164M (Jan 15) vs. $108M (Jan 14). Jan 15 had TWO large (>100 units) sales and Jan 14 had TWO large sales.
Here are a few projections/trends for 2015 to consider:
- 2014 Total sales $ is the best year ($1.49B thru 31 Dec 14) ever in the Portland METRO
- The rent market continues to be strong, but new inventory is coming on line fast in the high-end
- CapRate is only reported and may or may not be actual.
There are few listings that are well-priced and a lot of deals are being done “off-market”. If you are thinking of selling in the next two years, ask us for a valuation with comp sales and financial analysis – A seller’s market is the best time to sell.
2015 returns will be driven by interest rates and operating dynamics (including vacancy rates in higher end, new construction and expenses growing faster than rents.)
If you’d like an early notice of our 5 year (2009-2014) review of the Portland apartment market, let me know and I’ll send an early copy – It should be done first part of March 2015. If you’d like last years report (2008-2013), I can send a copy now.
If you’d like more information on:
– Details/background on individual sales in the report or
– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis
Please contact me:
Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com / (503) 970-4593
OR Principal Broker License 2002002054 / WA Managing Broker License 24512
Steve Morris - VP with IMG Northwest
Portland Apartment Sales
Buying, selling and operating apartments in Portland 