Buying, selling and operating apartments in Portland

Portland Apartment Sales – May 18

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

<<<Portland_May18_AptSales>>>

Highlights:

  • Gross sales dollars May 18 YTD = $713M is a 33% INCREASE over May 17 YTD = $500M
  • $/unit May 18 YTD = $175K is a 5% INCREASE over May 17 YTD = $167K.
  • $/SqFt May 18 YTD = $221.22 is a 18% INCREASE over May 17 YTD = $187.95

We had a strong month vs. May 17.  At $138M gross sales we are at $1.6B 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.

– 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.

– 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:

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

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

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Portland Apartment Sales – April 18

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

<<<Portland_Apr18vApr17_AptSales>>>

Highlights:

  • Gross sales dollars April 18 YTD = $550M is a 33% INCREASE over April 17 YTD = $413M
  • $/unit April 18 YTD = $175K is a 3% INCREASE over April 17 YTD = $169K.
  • $/SqFt April 18 YTD = $226.95 is a 23% INCREASE over April 17 YTD = $185.29

We had a weak month vs. April 17.  At $40M gross sales we are at $1.5B 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.

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 an early copy

– 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:

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

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


Portland Apt Sales – March 18

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

<<<Portland_Mar18vMar17_AptSales>>>

Highlights:

  • Gross sales dollars March 18 YTD = $514M is a 44% INCREASE over March 17 YTD = $357M
  • $/unit March 18 YTD = $175K is a 3% INCREASE over March 17 YTD = $171K.
  • $/SqFt March 18 YTD = $237.14 is a 22% INCREASE over March 17 YTD = $195.02

We had a pretty good up month over March 17.  At $160M gross sales we are at $1.9B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016) so hoping this continues.

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 an early copy

– 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:

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

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


Portland Apt Sales – Feb 18

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

<<<Portland_Feb18vFeb17_AptSales>>>

Highlights:

  • Gross sales dollars Feb 18 YTD = $354M is a 33% INCREASE over Feb 17 YTD = $266M
  • $/unit Feb 18 YTD = $239K is a 68% INCREASE over Feb 17 YTD = $169K.
  • $/SqFt Feb 18 YTD = $266.25 is a 56% INCREASE over Feb 17 YTD = $195.34

We had a pretty good up month over Feb 17.  At $197M gross sales we are at $2.0B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016) so hoping this continues.

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 an early copy

– 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:

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

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


Portland Apt Market – 2017 Annual Report

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

<<<PortlandAptHistory_2012-2017_14Mar18>>>

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:

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

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


Portland Apt Sales – Jan 18

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

<<<Portland_Jan18vJan17_AptSales>>>

Highlights:

  • Gross sales dollars Jan 18 YTD = $173M is a 135% INCREASE over Jan 17 YTD = $74M
  • $/unit Jan 18 YTD = $191K is a 1% DECREASE over Jan 17 YTD = $193K.
  • $/SqFt Jan 18 YTD = $303.60 is a 39% INCREASE over Jan 17 YTD = $217.87

We had a pretty good up month over Jan 17.  At $173M gross sales we are at $2.1B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016) so hoping this continues.

If you’d like more information on:

– Free 2012-2017 Portland Apt Market history.  Should be about 15 March 18.  If you like numbers, you’ll find this recap of the market for the past 5 years of interest.  You can eMail me for an early copy

– 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:

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

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


Portland Apt Sales – Dec 17

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

<<<Portland_Dec17vsDec16_AptSales>>>

Highlights:

  • Gross sales dollars Dec 17 YTD = $1742M is a 41% DECREASE over Dec 16 YTD = $2974M
  • $/unit Dec 17 YTD = $178K is a 19% INCREASE over Dec 16 YTD = $149K.
  • $/SqFt Dec 17 YTD = $203.53 is a 21% INCREASE over Dec 16 YTD = $168.31

Overall YTD gross dollars are down mainly due to lack of large (>100 units) investors interest in Portland.

If you’d like more information on:

– Free 2012-2017 Portland Apt Market history.  Should be about 1 March 18.  If you like numbers, you’ll find this recap of the market for the past 5 years of interest.  You can eMail me for an early copy

– 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:

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

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


Portland Apt Sales – Nov 17

29 December 2017
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Nov17vsNov16_AptSales>>>

Highlights:

  • Gross sales dollars Nov 17 YTD = $1306M is a 43% DECREASE over NOV 16 YTD = $2301M
  • $/unit Nov 17 YTD = $172K is a 18% INCREASE over Nov 16 YTD = $145K.
  • $/SqFt Nov 17 YTD = $198.43 is a 20% INCREASE over Nov 16 YTD = $165.88

Overall YTD gross dollars are down mainly due to lack of large (>100 units) investors interest in Portland.  Nov 16 + Dec 16 alone had almost $1B in total 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:

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

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


Portland Apt Sales – Oct 17

30 November 2017
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Oct17_AptSales>>>

Highlights:

  • Gross sales dollars Oct 17 YTD = $1203M is a 35% DECREASE over Sept 16 YTD = $1861M
  • $/unit Oct 17 YTD = $172K is a 22% INCREASE over Oct 16 YTD = $140K.
  • $/SqFt Oct 17 YTD = $197.17 is a 3% INCREASE over Oct 16 YTD = $159.99

60% of Oct 17 sales were two large transactions (Beaverton and Gresham).  Overall YTD gross dollars are down mainly due to lack of large (>100 units) investors interest in Portland.  Nov 16 + Dec 16 alone had almost $1B in total sales.

If you’d like more information on:

– Free financial analysis of your property, eMail 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:

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

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


Portland Apt Sales – Sept 17

26 October 2017
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_AptSales_Sept17>>>

Highlights:

  • Gross sales dollars Sept 17 YTD = $1032M is a 25% DECREASE over Sept 16 YTD = $1378M
  • $/unit Sept 17 YTD = $172K is a 25% INCREASE over Sept 16 YTD = $137K.
  • $/SqFt Sept 17 YTD = $197.70 is a 25% INCREASE over Sept 16 YTD = $158.15

Half of Sept 17 sales was one large transaction in Happy Valley that accounted for 52% of the total sales for the month.  Overall YTD gross dollars are down mainly due to lack of large (>100 units) investors interest in Portland.

If you’d like more information on:

– Free financial analysis of your property, eMail me for a SAMPLE report.  It will be very helpful if you’re making decisions about futures or operations.

– 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

– A very useful financial analysis of your property, call.  It will include I&E comparison to neighboring properties along with recent sales and rent comparables.

Please contact me:

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

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


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