Buying, selling and operating apartments in Portland

Portland Apartment Sales – April 22

26 May 2022
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Apr22vsApr21_AptSales.>>>

 

Highlights:

  • Gross Sales $ Apr 22 YTD = $779.8M is a 21.5% INCREASE from Apr 21 YTD = $641.8M

  • $/unit Apr 22 YTD = $230.4K is a 18.4% INCREASE from Apr 21 YTD = $194.6K.

  • $/SqFt Apr 22 YTD = $284.22 is a 27.0% INCREASE from Apr 21 YTD = $223.79

We rebounded thanks to ONE very large portfolio sale of senior housing in Vancouver, which accounted for $225M (71%) of the $317M April total.

The 2016-2021 Portland Apartment Market History is available on the WEBsite here:

  <<<https://portlandapartmentsales.com/2022/04/07/portland-apartment-sales-history-2016-2021/>>&gt;

 

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 – March 22

29 April 2022
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<METRO_Mar22vsMar21_AptSales>>>

 

Highlights:

  • Gross Sales $ Mar 22 YTD = $454.1M is a 12.3% DECREASE from Mar 21 YTD = $420.6M

  • $/unit Mar 22 YTD = $221.7K is a 14.4% INCREASE from Mar 21 YTD = $193.8K.

  • $/SqFt Mar 22 YTD = $272.88 is a 23.1% INCREASE from Mar 21 YTD = $221.66

The old record for gross dollar sales was $4.25B in 2021.  At this rate we may not be half that number in 2022.

The 2016-2021 Portland Apartment Market History is available on the WEBsite here:

 

  <<<https://portlandapartmentsales.com/2022/04/07/portland-apartment-sales-history-2016-2021/>>&gt;

 

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 History – 2016-2021

7 April 2022
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<SMI RE_Steve_PortlandAptHistory_2016-2021_6Apr22>>>

 

Contents:

  • 2021 Market Issues in METRO Portland

  • New Construction Overview in METRO

  • 2021 Sales by Four County METRO

  • 2021 Sales by Neighborhood in METRO

  • Sales by Complex Size in METRO

  • Sales by Decade Built in METRO

  • 2021 Sales by Gross $, $/Unit and $/SqFt in Portland METRO

  • 2021 Largest Sales by Four County METRO

  • 2016-2021 Largest Sales by Gross $ in Four County METRO

 

Any feedback to make this report better is always appreciated.

 

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 – Feb 22

1 April 2022
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland Feb22vsFeb21 AptSales>>>

 

Highlights:

  • Gross Sales $ Feb 22 YTD = $405.6M is a 3.6% DECREASE from Feb 21 YTD = $420.6M

  • $/unit Feb 22 YTD = $225.6K is a 18.8% INCREASE from Feb 21 YTD = $189.8K.

  • $/SqFt Feb 22 YTD = $273.80 is a 20.2% INCREASE from Feb 21 YTD = $227.84

The old record for gross dollar sales was $4.25B in 2021.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

 

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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 – Jan 22

4 March 2022
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<PorltandMETRO_Jan22vsJan21_AptSales>>>

 

Highlights:

  • Gross Sales $ Jan 22 YTD = $370.3M is a 26.8% INCREASE from Jan 21 YTD = $292.1M

  • $/unit Jan 22 YTD = $215.7K is a 8.0% INCREASE from Jan 21 YTD = $199.7K.

  • $/SqFt Jan 22 YTD = $256.15 is a 0.1% INCREASE from Jan 21 YTD = $255.87

The old record for gross dollar sales was $4.0B in 2021.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

 

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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 – Dec 21

27 January 2022
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<PortlandMetro_Dec21vsDec20_AptSales>>>

 

Highlights:

  • Gross Sales $ Dec 21 YTD = $4261M is a 120.4% INCREASE from Dec 20 YTD = $1934M

  • $/unit Dec 21 YTD = $216.2K is a 2.9% INCREASE from Dec 20 YTD = $210.1K.

  • $/SqFt Dec 21 YTD = $252.45 is a 4.9% INCREASE from Dec 20 YTD = $240.63

The old record for gross dollar sales was $2.95B in 2016.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

 

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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 – Nov 21

31 December 2021
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Nov21vsNov20_AptSales>>>

 

Highlights:

  • Gross Sales $ Nov 21 YTD = $33371M is a 158.3% INCREASE from Nov 20 YTD = $1305M

  • $/unit Nov 21 YTD = $209.8K is a 1.6% INCREASE from Nov 20 YTD = $206.4K.

  • $/SqFt Nov 21 YTD = $247.84 is a 3.9% INCREASE from Nov 20 YTD = $238.53

This year is on track to have gross sales >$3.6B, which will handily beat the old record of $2.95B in 2016.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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 21

3 December 2021
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Oct21vsOct20_AptSales>>>

 

Highlights:

  • Gross $ Oct 21 YTD = $3007M is a 150.9% INCREASE from Oct 20 YTD = $1199M

  • $/unit Oct 21 YTD = $207.4K is a 0.1% INCREASE from Oct 20 YTD = $207.1K.

  • $/SqFt Oct 21 YTD = $243.30 is a 1.85% INCREASE from Oct 20 YTD = $238.89

This year is on track to have gross sales >$3.3B, which will handily beat the old record of $2.95B in 2016.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

 

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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 21

29 October 2021
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Sep21vsSep20_AptSales>>>

 

Highlights:

  • Gross $ Sept 21 YTD = $2441M is a 130.3% INCREASE from Aug 20 YTD = $1060M

  • $/unit Aug 21 YTD = $203.2K is a 1.2% DECREASE from Aug 20 YTD = $205.4K.

  • $/SqFt Aug 21 YTD = $238.78 is a 1.5% INCREASE from Aug 20 YTD = $235.26

This year is on track to have gross sales >$3.2B, which will beat the old record of $2.95B in 2016.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

 

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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 21

1 October 2021
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_Aug21vsAug20_AptSales>>>

 

Highlights:

  • Gross $ Aug 21 YTD = $2081M is a 125.3% INCREASE from Aug 20 YTD = $924M

  • $/unit Aug 21 YTD = $204.4K is a 0.9% DECREASE from Aug 20 YTD = $206.2K.

  • $/SqFt Aug 21 YTD = $241.21 is a 0.9% INCREASE from Aug 20 YTD = $239.18

This year is on track to have gross sales >$3B, which will beat the old record of $2.95B in 2016.

The 2015-2020 Portland Apartment Market History is available on the WEBsite here:

  <<<https://portlandapartmentsales.com/2021/03/16/portland-apartment-market-2015-2020-annual-report/>>&gt;

 

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


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