Buying, selling and operating apartments in Portland

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


Portland Apartment Sales – Feb 20

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

 

<<<Portland_Feb20vsFeb19_AptSales>>>

Highlights:

  • Gross $ Feb20 YTD = $283M is a -10.6% DECREASE from Feb 19 YTD = $317M

  • $/unit Feb 20 YTD = $196.5K is a 5.8% INCREASE over Feb 19 YTD = $185.8K.

  • $/SqFt Feb 20 YTD = $227.80 is a 4.6% DECREASE over Feb 19 YTD = $215.90

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 Market – 2014-2019 Annual Report

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

 

<<<PortlandAptHistory_2014-2019_12Mar20>>>

 

Highlights / Contents of the report include (for the 4 county METRO are) for sold apartments:

  • 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

 

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 – Jan 20

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

 

<<<Portland_Jan20vsJan19_AptSales>>>

Highlights:

  • Gross $ Jan 20 YTD = $164M is a 124.2% INCREASE from Jan 19 YTD = $73M

  • $/unit Jan 20 YTD = $203K is a 11.0% INCREASE over Jan 19 YTD = $183K.

  • $/SqFt Jan 20 YTD = $218.28 is a 4.6% DECREASE over Jan 19 YTD = $228.84

* There was ONE large sale that accounted for 60% of total gross sales that did skew numbers.

We should have a 2014-2019 Portland Apartment Market History available by mid-March.

 

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.

 

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


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