Overall apartment sales have shown a marked increase. Demand by large investors for high-end properties (greater than 100 units in A/B+ locations and build) have driven a lot of the sales and average $/unit pricing.
Attached is a chart of Portland-area sales of apartment complexes > $450,000 in September 2011. We’ve included $/unit, $/sqft , unti count, year built and CapRate (where reported) and a comparison to Sept 10 averages.
Attached is a chart of Portland-area (Multnomah, Washington,Clackamas,Marion and Clark (WA) counties) sales of apartment complexes > $450,000 from 2006 thru 2010.