To download the 5 year summary sales report, right-click the link below and “Save As”:
Included in the report are with summary tables based on actual sales outlining:
Operating Dynamics Trends
5 year history overview
New construction overview
2015 Sales By County
2015 Sales By Neighborhood
2015 Sales By Complex Size (100 and less vs. >100 units)
2015 Sales By Decade Built
2015 Largest Sales by Gross $ and $/unit
2015 Largest Sales by County
2014 Largest Sales by Gross $
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
To download the individual sales report, right-click the link below and “Save As”:
Highlights:
- CapRates reported are still in the mid-high 5% compared to 2015 in the low 6% range.
- $/unit Jan 16 YTD is a 2.4% decrease over Jan 15 YTD.
- $/SqFt Jan 16 YTD is a 12% increase over Jan 15 YTD.
- Jan 2016 YTD sales = $152.6 vs. Jan 2015 YTD sales of $165.9M
Rent/Tenant environment – Albeit anecdotal, we are hearing reports of tenant push-back on rent increases and move-ins asking for concessions. We do continuously monitor, but be aware that rent growth may be flattening.
Apartment pricing – This will be driven by income growth and interest rates. However, for units int he right location, buyers are still driving pricing with close-in units pushing the $200K/unit price mark.
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
To download the individual sales report, right-click the link below and “Save As”:
Highlights:
- CapRates reported are still in the mid-high 5% compared to 2014 in the low 6% range.
- $/unit Dec 15 YTD is a 13% increase over Dec 14 YTD.
- $/SqFt Dec 15 YTD is a 18% increase over Dec 14 YTD.
- Final FY 2015 sales = $2.3B vs. 2014 sales of $1.6B (previous best ever year)
Interest rate environment – While there has been an increase in the base rate, this hasn’t made much difference in finance rates on apartments which are still a bank favorite lending target. The cloud of a potential recession should shut down any rate increase for the foreseeable future.
Landlord/Tenant Changes – City of Portland enacted a 90-day notice rule for rent increases >5%. Effective 1 January 2016, Oregon has enacted tenant law changes also. If you’d like a copy of a presentation by Leah Sykes of Bittner-Hahs attorneys, please download it at:
https://portlandapartmentsales.com/2015/11/25/oregon-portland-new-rules-for-apt-owners/
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
For detail on individual sales, please download the PDF at:
(Right-click link and Save As)
Nov 2015 had $59M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties. This is a 25% decrease from Nov 2014 ($79M).
In terms of total sales dollars, 2015 is highest year ever. Nov 15 YTD at $2.058B has easily surpassed 2014 FY sales of $1.6B
Highlights:
-
CapRates reported are still in the mid-high 5% compared to 2014 in the low 6% range.
-
$/unit Nov 15 YTD is a 13% increase over Nov 14 YTD.
-
$/SqFt Nov 15 YTD is a 17% increase over Nov 14 YTD.
-
Projected FY 2015 sales = $2.25B vs. 2014 sales of $1.6B (previous best ever year)
Interest rate environment – The Fed did make a 0.25% increase in overnight funds rates with a threat of future increases this year (2016).
Landlord/Tenant Changes – City of Portland enacted a 90-day notice rule for rent increases >5%. Effective 1 January 2016, Oregon has enacted tenant law changes also. If you’d like a copy of a presentation by Leah Sykes of Bittner-Hahs attorneys, please download it at:
https://portlandapartmentsales.com/2015/11/25/oregon-portland-new-rules-for-apt-owners/
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
For detail on individual sales, please download the PDF at:
(Right-click link and Save As)
Oct 2015 had $210M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties. This is a 8.4% decrease from Oct 2014 ($230M).
It is official, in terms of total sales dollars, 2015 is highest year ever. Oct 15 YTD at $2B has easily surpassed 2014 FY sales of $1.6B
Oct 2015 had $210M in total sales. Highlights:
-
CapRates reported are still in the mid 5% compared to 2014 in the low 6% range.
-
$/sqft and $/unit. $/unit Oct 15 YTD is a 13% increase over Oct 14 YTD. $/SqFt Oct 15 YTD is a 17% increase over Oct 14 YTD.
-
Projected FY 2015 sales = $2.35B vs. 2014 sales of $1.6B (previous best ever year)
Interest rate environment – Probabilities favor an increase by the Fed by EOY. Then again, stop me if you’ve heard this one before.
Portland backlash – City of Portland enacted a 90-day notice rule for rent increases >5%.
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
Posted in
Apartment Buying,
Portland,
Portland, Salem and Vancouver Apartment Market Issues,
Salem and Vancouver Apartment Market IssuesTags:
$/unit,
Apartment Buying,
Capitalization Rate,
CapRate,
Clackamas,
Clark,
Multnomah,
sales,
Washington
For detail on individual sales, please download the PDF at:
(Right-click link and Save As)
Sept 2015 had $261M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties. This is a 344% increase from Sept 2014.
It is official, in terms of total sales dollars, 2015 is highest year ever. Sept 15 YTD at $1.68B easily surpassed 2014 FY sales of $1.6B
Comments on some key indicators:
- Sept 2015 had $261M in total sales. Largest month ever.
- CapRates reported are still in the high 5% range overall similar to 2014. However, CapRates suffer from reporting bias and are not as objective as other measures.
- $/sqft and $/unit. Sept 15 YTD $/unit shows a 8.5% increase over Sept 14 YTD. Sept 15 YTD $/SqFt show a 12.2% increase over Sept 14 YTD.
- Projected FY 2015 sales = $2.3B vs. 2014 sales of $1.6B (previous best ever year)
Interest rate environment – The threatened Sept rate increase failed to materialize due to perceived weakness globally. However, probabilities favor an increase by the Fed by EOY. Then again, stop me if you’ve heard this one before.
Portland backlash – City of Portland enacted a 90-day notice rule for rent increases >5%. Bluestone & Hockley will have a presentation on this (19 Nov) for the public with an invite in their office in SW Portland. If you’re interested in attending, contact me.
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
For detail on individual sales, please download the PDF at:
(Right-click link and Save As)
August 2015 had $168M in sales in the 4 (OR – Washington, Clackamas and Multnomah and WA – Clark) counties. This is a 55% decrease from August 2014.
Comments on some key indicators:
- Aug 2015 is the first month in 2015 with lower total monthly sales than the same month in 2014.
- CapRates reported are still in the high 5% range overall similar to 2014. However, CapRates suffer from reporting bias and are not as objective as other measures.
- $/sqft and $/unit are a more objective measure. Aug 15 YTD $/unit show a 9.3% increase over Aug 14 YTD. Aug 15 YTD $/SqFt show a 13.7% increase over Aug 14 YTD.
- Projected FY 2015 sales = $2.15B vs. 2014 sales of $1.6B (previous best ever year)
Interest rate environment – The threatened Sept rate increase failed to materialize due to perceived weakness globally. However, probabilities favor an increase by the Fed by EOY. Then again, stop me if you’ve heard this one before.
YOUR PROPERTY – 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
Sperry Van Ness | Bluestone & Hockley
9320 SW Barbur Blvd, Suite 300
Portland, OR 97219
Phone: 503.970-4593 | Fax: 503.222.6459
steve.morris@svn.com | www.svnbluestone.com
OR License # 200202054 | WA License # 24512
All Sperry Van Ness®Offices Independently Owned and Operated
For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.
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
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 May 2015.
Included are $/unit, $/sqft , unit count, year built and Cap Rate (as reported) and a comparison to May 2014 averages.
May 15 had a huge increase in sales over May 14. May 15 had 20 sales for a $60M total vs 12 sales in May 14 for a $15.6M total. YTD shows about a 86% increase over 2014 YTD sales in terms of dollar volume.
May 15 had ONE large (>100 units) sales and May 14 had ZERO large sales.
Total apt sales in 2014 were $1.5B. 2015 is forecast, as of today, at about $1.55B. 2014 had the majority of sales from June thru EOY.
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
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
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Buying, selling and operating apartments in Portland 