Buying, selling and operating apartments in Portland

Portland Apartment Sales – Nov 20

31 December 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Nov20vsNov19_AptSales>>>

 

Highlights:

  • Gross $ Nov 20 YTD = $1267M is a 38% DECREASE from Nov 19 YTD = $2051M

  • $/unit Nov 20 YTD = $206.3K is a 13.8% INCREASE over Nov 19 YTD = $181.3K.

  • $/SqFt Nov 20 YTD = $233.07 is a 12.3% INCREASE over Nov 19 YTD = $207.45

 

Some good news since it looks like Dec 20 will have about $600M in closed sales which is 1/3 of total 2020 sales in one month!

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

 

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – Oct 20

4 December 2020
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Oct20vsOct19_AptSales>>>

 

Highlights:

  • Gross $ Oct 20 YTD = $1185M is a 38% DECREASE from Oct 19 YTD = $1905M

  • $/unit Oct 20 YTD = $206.0K is a 13.0% INCREASE over Oct 19 YTD = $182.4K.

  • $/SqFt Oct 20 YTD = $233.27 is a 11.9% INCREASE over Oct 19 YTD = $208.53

 

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – Sept 20

29 October 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Sept20vsSept19_AptSales>>>

 

Highlights:

  • Gross $ Sept 20 YTD = $1037M is a 40% DECREASE from Sept 19 YTD = $1741M

  • $/unit Sept 20 YTD = $204.3K is a 11.7% INCREASE over Sept 19 YTD = $182.8K.

  • $/SqFt Sept 20 YTD = $226.35 is a 8.1% INCREASE over Sept 19 YTD = $209.30

 

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

 

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – August 20

2 October 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_ApartmentSales_Aug20>>>

 

Highlights:

  • Gross $ Aug 20 YTD = $855M is a 47% DECREASE from Aug 19 YTD = $1602M

  • $/unit Aug 20 YTD = $207.5K is a 12.2% INCREASE over Aug 19 YTD = $184.8K.

  • $/SqFt Aug 20 YTD = $231.72 is a 9.2% INCREASE over Aug 19 YTD = $212.13

 

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

 

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – July 20

28 August 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<portland_july20vsjuly19_aptsales>>>

 

Highlights:

  • Gross $ July 20 YTD = $806M is a 12.9% DECREASE from July 19 YTD = $925M

  • $/unit July 20 YTD = $202.5K is a 12.7% INCREASE over July 19 YTD = $180.1K.

  • $/SqFt July 20 YTD = $231.40 is a 11.9% INCREASE over July 19 YTD = $206.87

 

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

 

 

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – June 20

31 July 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_June20vsJune19_AptSales>>>

 

Highlights:

  • Gross $ June 20 YTD = $775M is a 3.4% DECREASE from June 19 YTD = $802M

  • $/unit June 20 YTD = $206.2K is a 15.6% INCREASE over June 19 YTD = $178.2K.

  • $/SqFt June 20 YTD = $234.48 is a 4.8% INCREASE over June 19 YTD = $207.54

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – May 20

26 June 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_May20vsMay19_AptSales>>>

 

Highlights:

  • Gross $ May 20 YTD = $593M is a 6.7% DECREASE from May 19 YTD = $635M

  • $/unit May 20 YTD = $200.7K is a 11.8% INCREASE over May 19 YTD = $179.3K.

  • $/SqFt May 20 YTD = $227.53 is a 9.6% INCREASE over May 19 YTD = $207.63

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – Apr 20

29 May 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Apr20vsApr19_AptSales >>>

 

Highlights:

  • Gross $ Apr 20 YTD = $528M is a 26.5% INCREASE from Apr 19 YTD = $418M

  • $/unit Apr 20 YTD = $199.4K is a 14.7% INCREASE over Apr 19 YTD = $173.8K.

  • $/SqFt Apr  20 YTD = $237.44 is a 7.5% INCREASE over Apr 19 YTD = $201.85

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


Portland Apartment Sales – Mar 20

1 May 2020
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To download the individual sales report, right-click the link below and “Save As”:

 

<<< Portland_Mar20vsMar19_AptSales>>>

 

Highlights:

  • Gross $ Mar 20 YTD = $493M is a 40.7% INCREASE from Mar 19 YTD = $351M

  • $/unit Mar 20 YTD = $182.8K is a 1.9% INCREASE over Mar 19 YTD = $179.3K.

  • $/SqFt Mar 20 YTD = $214.19 is a 3.8% INCREASE over Mar 19 YTD = $206.44

 

The 2014-2019 Portland Apartment Market History is available on the WEBsite at:

 

 

https://portlandapartmentsales.com/2020/03/12/portland-apartment-market-2014-2019-annual-report/

 

If you need any info about apartment sales in the Portland – METRO, we have sales data over the past 15 years +.  Feel free to contact me – steve@smicre.com.

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 | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593 
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512


IRS – 1031 Extension / 10 Apr 20

10 April 2020
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CHECK WITH YOUR 1031 ACCOMODATOR/QI BEFORE MAKING ANY DECISIONS REGARDING AN EXCHANGE!!!

 

<<<<IRS Notice 2020-23>>>>

(Right-click to download)

 

IRS Notice 2020-23 provides that any 45-day or 180-day deadline that occurs between April 1 and July 15, is automatically extended to July 15, 2020.

 

Therefore, if an Exchanger’s 45-day identification period or 180-day exchange period falls between April 1, 2020 and July 15,2020, the Exchanger will have until July 15 to complete these actions.

 

The extensions are automatic, but not mandatory, and allow the Exchanger to conclude the exchange based on the original deadlines.

 

 

Steve Morris – Principal Broker

SMI Commercial Real Estate, LLC

3625 River Road N Ste 250 Keizer, OR 97303

O 503.390.6060

C 503.970.4593

steve@smicre.com

www.smicre.com

OR Principal Broker License # 200202054

WA Managing Broker License # 24512


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