Buying, selling and operating apartments in Portland

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


Portland Apartment Sales – Dec 19

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

 

 

 

<<<Portland_Dec19vsDec18_AptSales>>>

 

Highlights:

  • Gross $ Dec 19 YTD = $2281M is a 9.8% DECREASE from Dec 18 YTD = $2529M

  • $/unit Dec 19 YTD = $183K is a 3.3% DECREASE over Dec 18 YTD = $190K.

  • $/SqFt Dec 19 YTD = $207.92 is a 7.0% DECREASE over Dec 18 YTD = $223.46

 

We should have a 2014-2019 Portland Apartment Market History available by late-February.

 

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


Portland Apartment Sales – Nov 19

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

 

<<<Portland_Nov19vsNov18_AptSales>>>

 

Highlights:

  • Gross $ Nov 19 YTD = $2020M is a 10.0% DECREASE from Nov 18 YTD = $2245M

  • $/unit Nov 19 YTD = $184K is a 3.0% DECREASE over Nov 18 YTD = $190K.

  • $/SqFt Nov 19 YTD = $208.76 is a 7.8% DECREASE over Nov 18 YTD = $226.48

 

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.

 

We should have a 2014-2019 Portland Apartment Market History available by late-February.

 

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


Portland Apartment Sales – Aug 19

26 September 2019
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To download the individual sales report, right-click the link below and “Save As”:

 

<<<Portland_Aug19vsAug18_AptSales>>>

 

Highlights:

  • Gross sales dollars August 19 YTD = $1671M is a 23% INCREASE over August 18 YTD = $1360M
  • $/unit August 19 YTD = $181K is a 4.3% DECREASE over August 18 YTD = $190K.
  • $/SqFt August 19 YTD = $207.68 is a 6.1% DECREASE over August 18 YTD = $221.16
  • CapRate August 19 YTD = 5.45% is a 2.7% INCREASE over August 18 YTD = 5.31%

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


Portland Apartment Sales – May 19

27 June 2019
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To download the individual sales report, right-click the link below and “Save As”:

<<<Portland_May19vsMay18_AptSales>>>

Highlights:

  • Gross sales dollars May 19 YTD = $653.7M is a 13.6% INCREASE over May 18 YTD = $575M
  • $/unit May 19 YTD = $177K is a 0.3% DECREASE over May 18 YTD = $177K.
  • $/SqFt May 19 YTD = $203.91 is a 17.6% DECREASE over May 18 YTD = $220.69
  • CapRate May 19 YTD = 5.47% is a 13.6% INCREASE over May 18 YTD = 5.24%

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


Portland Apartment Sales – Sept 18

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

<<<Portland_Sept18vsSept17_AptSales>>>

Highlights:

  • Gross sales dollars Sept 18 YTD = $1527M is a 44% INCREASE over Sept 17 YTD = $1060M
  • $/unit Sept 18 YTD = $190K is a 11% INCREASE over Sept 17 YTD = $171K.
  • $/SqFt Sept 18 YTD = $222.34 is a 14% INCREASE over Sept 17 YTD = $195.55

We had a stronger month vs. Sept 17 due to several large sales.  Including all sales, we are at a run rate of $2.1B 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. 


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 Apartment Sales – Aug 17

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

<<<Portland Apt Sales – Aug 17 vs Aug 16 >>>

Highlights:

  • Gross sales dollars Aug 17 YTD = $919M is a 28% DECREASE over Aug 16 YTD = $1267M
  • $/unit Aug 17 YTD = $172K is a 26% INCREASE over Aug 16 YTD = $137K.
  • $/SqFt Aug 17 YTD = $198.21 is a 26% INCREASE over Aug 16 YTD = $157.37

What saved Aug 17 sales was one large transaction in Hillsboro that accounted for 62% of the total sales for the month.  Inventory is starting to grow.  However, properties priced at a premium to market are sitting.  If you’d like a financial analysis / valuation using real numbers contact me. 

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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