Portland Apartment Sales – May 19

27 June 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_May19vsMay18_AptSales>>>

Highlights:

Gross sales dollars May 19 YTD = $653.7M is a 13.6% INCREASE over May 18 YTD = $575M
$/unit May 19 YTD = $177K is a 0.3% DECREASE over May 18 YTD = $177K.
$/SqFt May 19 YTD = $203.91 is a 17.6% DECREASE over May 18 YTD = $220.69
CapRate May 19 YTD = 5.47% is a 13.6% INCREASE over May 18 YTD = 5.24%

The 2013-2018 Portland Apartment Market History is available on the WEBsite at:

https://portlandapartmentsales.com/2019/04/11/portland-apartment-market-2013-2018-annual-report/

– 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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, History, investment, location, portland, sales, Washington

Portland Apartment Sales – April 19

31 May 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Apr19vsApr18_AptSales>>>

Highlights:

Gross sales dollars April 19 YTD = $431.4M is a 25% DECREASE over April 18 YTD = $575M
$/unit April 19 YTD = $171K is a 4% DECREASE over April 18 YTD = $177K.
$/SqFt April 19 YTD = $198.01 is a 10% DECREASE over April 18 YTD = $220.69
CapRate April 19 YTD = 5.48% is a 4.6% INCREASE over April 18 YTD = 5.24%

The 2013-2018 Portland Apartment Market History is available on the WEBsite at:

https://portlandapartmentsales.com/2019/04/11/portland-apartment-market-2013-2018-annual-report/

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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues, Salem and Vancouver Apartment Market Issues
Tags: History, portland, sales, Washington

Portland Apartment Sales – March 19

2 May 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Mar19vsMar18_AptSales>>>

Highlights:

Gross sales dollars March 19 YTD = $367.2M is a 29% DECREASE over March 18 YTD = $515M
$/unit March 19 YTD = $178K is a 4% INCREASE over March 18 YTD = $171K.
$/SqFt March 19 YTD = $203.44 is a 13% DECREASE over March 18 YTD = $232.77
CapRate March 19 YTD = 5.56% is a 6.7% INCREASE over March 18 YTD = 5.21%

The big drop in $/unit and gross dollars is due to NO large (>100 unit) sales.

City of Portland rules are also giving pause to owners. Pricing is getting hardest hit on new construction (excess of inventory) and older (pre-1927 URM) buildings along with Portland proper.

However, even with pricing pressure there are positive things making apartments an attractive investment:

Interest rates are still low and in the low 4% range
Rents are still increasing and vacancies are about 5% on average

The 2013-2018 Portland Apartment Market History is available on the WEBsite at:

https://portlandapartmentsales.com/2019/04/11/portland-apartment-market-2013-2018-annual-report/

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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: invest, investment, portland, sales, transactions

Portland Apartment Market – 2013-2018 Annual Report

11 April 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<PortlandAptHistory_2013-2018_11Apr19>>>

Highlights / Contents:

General Market Comments
New Construction Update
Sales by County
Sales by Neighborhood
Sales by Unit Count of project
Sales by Decade Built
Tabulation of Largest Sales by $/unit, $/SqFt. Gross $, County and 2012-2017 Largest sales.

If you’d like more information on:

– Free financial analysis of your property, eMail/call me for a SAMPLE report. It will be very 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.

– 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

Please contact me:

For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues, Salem and Vancouver Apartment Market Issues
Tags: History, location, portland, sales, Taxes, title, transactions, Washington

Portland Apartment Sales – Feb 19

29 March 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Feb19vsFeb18_AptSales>>>

Highlights:

Gross sales dollars Feb 19 YTD = $337.9M is a 4% DECREASE over Feb 18 YTD = $351M
$/unit Feb 19 YTD = $186K is a 10% INCREASE over Feb 18 YTD = $169K.
$/SqFt Feb 19 YTD = $217.85 is a 12% DECREASE over Feb 18 YTD = $248.28
CapRate Feb 19 YTD = 5.54% is a 3.5% INCREASE over Feb 18 YTD = 5.35%

The big jump in $/unit is 3 large sales = 69% of ttal gross sales.

Biggest item is the effect of the newest OR rent control law passed by the Legislature. City of Portland rules are also giving pause to owners. Interest rates (stable to flat) 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-Apr 19. 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.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: History, invest, portland, sales

Portland Apartment Sales – Jan 19

1 March 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Jan19vsJan18_AptSales>>>

Highlights:

Gross sales dollars Jan 19 YTD = $97M is a 41% DECREASE over Jan 18 YTD = $163M
$/unit Jan 19 YTD = $161K is a 7% DECREASE over Jan 18 YTD = $174K.
$/SqFt Jan 19 YTD = $199.75 is a 27% DECREASE over Jan 18 YTD = $271.89
CapRate Jan 19 YTD = 5.33% is a 0.2% INCREASE over Jan 18 YTD = 5.32%

Biggest item is the effect of the newest OR rent control law passed by the Legislature. 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-Mar 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.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues, Salem and Vancouver Apartment Market Issues

Portland Apartment Sales – Dec 18

1 February 2019
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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.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues

Portland Apartment Sales – Nov 18

21 December 2018
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<<<Portland_Nov18vsNov17_AptSales>>>

Highlights:

Gross sales dollars Nov 18 YTD = $2163M is a 62% INCREASE over Nov 17 YTD = $1335M
$/unit Nov 18 YTD = $188K is a 10% INCREASE over Nov 17 YTD = $171K.
$/SqFt Nov 18 YTD = $219.22 is a 12% INCREASE over Nov 17 YTD = $195.91
CapRate Nov 18 YTD = 5.32% is a 1.3% DECREASE over Nov 17 YTD = 5.39%

Including all sales, we are at a run rate of $2.4B 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.

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.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues, Salem and Vancouver Apartment Market Issues
Tags: History, investment, portland, sales, transactions

Portland Apartment Sales – Oct 18

29 November 2018
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Oct18vsOct17_AptSales>>>

Highlights:

Gross sales dollars Oct 18 YTD = $1986M is a 170% INCREASE over Oct 17 YTD = $1232M
$/unit Oct 18 YTD = $188K is a 10% INCREASE over Oct 17 YTD = $171K.
$/SqFt Oct 18 YTD = $222.25 is a 13% INCREASE over Oct 17 YTD = $196.3

We had the strongest month on record ($450M) vs. Oct 17 due to several large sales.

If you’d like more information on:

– 2012-2017 Portland Apt 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.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: invest, investment, portland, sales, Washington

Portland Apartment Sales – Sept 18

26 October 2018
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Sept18vsSept17_AptSales>>>

Highlights:

Gross sales dollars Sept 18 YTD = $1527M is a 44% INCREASE over Sept 17 YTD = $1060M
$/unit Sept 18 YTD = $190K is a 11% INCREASE over Sept 17 YTD = $171K.
$/SqFt Sept 18 YTD = $222.34 is a 14% INCREASE over Sept 17 YTD = $195.55

We had a stronger month vs. Sept 17 due to several large sales. Including all sales, we are at a run rate of $2.1B 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.

If you’d like more information on:

– 2012-2017 Portland Apt 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.

– 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

Please contact me:

For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, History, invest, portland, sales, transactions, Washington

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