Buying, selling and operating apartments in Portland

Portland Apartment Sales for July 2015 >$450K

<<<July15vsJuly14Sales>>>

RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in July 2015.

Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to July 2014 averages.

Not much has changed outside of volume is still picking up.

Well, July 2015 had $221M in sales in the 4-county area.  This is a 250% increase over July 2014.  Total 2015 sales project to be $2.2B vs. Total 2014 sales of $1.6B

July 15 had 20 sales vs 14 sales in July 14 for a $15.6M total.  YTD shows about a 109% increase over 2014 YTD sales in terms of dollar volume.  July 15 had SEVEN large (>100 units) sales and July 14 had ONE large sale.

Again, a lot of the pricing and volume is being led by large sales.  For July 15, 92% of the total sales dollars were in >100 unit complexes (7 of the total 20 sales).  However, <100 unit complexes are achieving record pricing in $/sqft and $/unit – Especially well-located properties.

If you’d like a further breakdown on how in-demand your neighborhood is call.  Be aware of the current value of your apartment with unsolicited offers.  We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.

If you’d like more information on:

– Details/background on individual sales in the report or

– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512

Portland Apartment Sales > $450K in April 2015

<<<April15vsApril14_PortlandAptSales>>>

RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in April 2015.

Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to April  2014 averages.

April  15 had a huge increase in sales again.  April  15 had 17 sales for a $143M total vs 18 sales in April  14 for a $104M total.  YTD shows about a 40% increase over 2014 YTD sales in terms of dollar volume.

April 15 had THREE large (>100 units) sales and April 14 had THREE large sales.

Most of the pricing numbers are being driven by large sales (70% of total sales dollars).  However, price increases are across all apartment types due mainly to a lack of inventory for sale (i.e listings.)

Be aware of the current value of your apartment with unsolicited offers.  We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.

If you’d like more information on:

– Details/background on individual sales in the report or

– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512

Portland-Metro Apartment Sales >$450K in March 2015

<<<Portland Apartment March 15 Sales>>>

RIGHT-CLICK ABOVE LINK (and SAVE LINK AS) TO DOWNLOAD THE DETAILED REPORT

Attached is a list of individual Portland-area sales of apartment complexes greater than $450,000 in March 2015.  Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to March 2014 averages.

March 15 had a huge increase in sales again.  March 15 had 21 sales for a $127M total vs 13 sales in March 14 for a $53M total.

March 15 had TWO large (>100 units) sales and March 14 had THREE large sales.

Most of the pricing numbers are being driven by large sales (70% of total sales dollars).  However, price increases are across all apartment types due mainly to a lack of inventory for sale (i.e listings.)

Be aware of the current value of your apartment with unsolicited offers.  We offer valuations that include expense analysis with rent and sales comparables to back up any pricing.

If you’d like our 5 year (2009-2014) review of the Portland apartment market history, let me know and I’ll send an copy.  If you’d like last years report (2008-2013), I can send a copy also.

If you’d like more information on:

– Details/background on individual sales in the report or

– A Free copy of our 80-page book – Buying, Selling and Operating Apartments Using Financial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley
steve.morris@svn.com  / (503) 970-4593

OR Principal Broker License 2002002054 / WA Managing Broker License 24512