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 high 5% range.
- $/unit Aug 16 YTD is a 7.9% increase over Aug 15 YTD.
- $/SqFt Aug 16 YTD is a 5.6% increase over Aug 15 YTD.
- Aug 2016 YTD sales = $1283M vs. Aug 2015 YTD sales of $1423M
We’re still behind 2015 YTD sales numbers. However, Aug 16 was greater than Aug 15 for monthly sales.
There is a noticeable slow-down in SFR sales in Portland. We anticipate that multi-units will reflect this with pricing and rent pressure moderating compared to 2015.
Interest rates may show a slight increase by EOY. However, this is the Fed giving itself more wiggle-room than an over-heated economy.
If you’d like more information on:
– Details/background on individual sales in the report or a breakdown by neighborhood
– 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,
Apartment Selling,
Portland,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Apartment Buying,
CapRate,
Clackamas,
Clark,
Multnomah,
transactions,
Washington
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 high 5% range.
- $/unit July 16 YTD is a 7.0% increase over July 15 YTD.
- $/SqFt July 16 YTD is a 6.8% increase over July 5 YTD.
- July 2016 YTD sales = $1077M vs. July 2015 YTD sales of $1252M
Biggest change in YTD gross sales numbers is the drop-off in large (>100 units) sales in the market. These usually comprise 70%-75% of total gross sales in the 4 county are, so any drop is noticeable.
If you’d like more information on:
– Details/background on individual sales in the report or a breakdown by neighborhood
– 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,
Apartment Selling,
Portland,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
CapRate,
Clackamas,
Clark,
Multnomah,
transactions,
Washington
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 high 5% range.
- $/unit June 16 YTD is a 8.7% increase over June 15 YTD.
- $/SqFt June 16 YTD is a 95.5% increase over June 15 YTD.
- June 2016 YTD sales = $939M vs. June 2015 YTD sales of $1026M
If you’d like more information on:
– Details/background on individual sales in the report or a breakdown by neighborhood
– 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,
Apartments - Other Topics,
Portland,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
CapRate,
Clackamas,
Clark,
Multnomah,
sales,
transactions,
Washington
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 April 16 YTD is a 15.2% increase over April 15 YTD.
- $/SqFt April 16 YTD is a 14.5% increase over April 15 YTD.
- April 2016 YTD sales = $674M vs. April 2015 YTD sales of $576M
Rent/Tenant environment – Class A units in close-in locations (especially new construction) are starting to give concessions. We continuously monitor, but be aware that rent growth may be flattening.
Apartment pricing – This will be driven by income growth and interest rates. Based on 2015YTD vs. 2016 YTD we are not seeing the same rate of increase as 2015 vs. 2014.
City of Portland Landlord Training – This is a regular training and very useful, especially with landlord law. We are in process of getting PDFs of the May 16 presentation and will post these and send out a blog notice with a link. If you’d like an earlier copy, eMail 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 breakdown by neighborhood
– 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 Selling,
Portland,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Apartment Buying,
CapRate,
Clackamas,
Clark,
Multnomah,
Washington
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
RIGHT-CLICK ABOVE LINK (and save target) TO DOWNLOAD COMPLETE REPORT
Attached is a history of Portland apartment sales sorted by neighborhood from 2008 – 2013 of transactions > $450K.
The report covers the Portland Metro area – Clark (WA), Clackamas (OR), Multnomah (OR) and Washington (OR) counties
Contents Include
2008 – 2013 Portland Apartment Market History w/ Comments
2013 Portland Operating Dynamics Trends
2008 – 2013 Sales by County
2008 – 2013 Sales by Neighborhood
2008 – 2013 Sales by Complex Size
2008 – 2013 Sales by Decade Built
2008-2013 Summary by County and Totals
Posted in
Apartments - Other Topics,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Capitalization Rate,
CapRate,
Clackamas,
Clark,
Marion,
Multnomah,
price,
sales,
transactions,
Washington
RIGHT-CLICK ABOVE LINK (and save target) TO DOWNLOAD COMPLETE REPORT
Attached is a history of Portland apartment sales sorted by neighborhood from 2007 – 2012 of transactions > $450K.
The report covers the Portland Metro area – Clark (WA), Clackamas (OR), Multnomah (OR) and Washington (OR) counties
Contents Include
PORTLAND APARTMENT SALEs (2007-2012)
Market History
Overall Sales
Rental Demand
Sales sorted by Neighborhood
Sales sorted by Complex Size
Sales sorted by Decade Built
Sales sorted by County
45.457956
-122.710127
Posted in
Apartments - Other Topics,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Capitalization Rate,
CapRate,
Clackamas,
Clark,
Marion,
Multnomah,
price,
sales,
transactions,
Washington
Attached is a history of Portland apartment sales sorted by neighborhood from 2006 – 2011 of transactions greater than $450K.
Posted in
Apartments - Other Topics,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Capitalization Rate,
CapRate,
Clackamas,
Clark,
Marion,
Multnomah,
price,
sales,
transactions,
Washington
<<<Comments_PortlandArea_AptSales_2006-2011>>>
RIGHT-CLICK ABOVE LINK (and save target) TO DOWNLOAD COMPLETE REPORT
Attached is a chart of Portland-area (Multnomah, Washington,Clackamas,Marion and Clark (WA) counties) cumulative sales of apartment complexes > $450,000 from 2006 thru 2011. We’ve included $/unit, $/sqft and CapRate (where reported) total and by county and a few comments. (more…)
45.457956
-122.710127
Posted in
Apartments - Other Topics,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Capitalization Rate,
CapRate,
Clackamas,
Clark,
Marion,
Multnomah,
price,
sales,
transactions,
Washington
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.
Posted in
Apartments - Other Topics,
Portland, Salem and Vancouver Apartment Market IssuesTags:
$/sqft,
$/unit,
Capitalization Rate,
CapRate,
Clackamas,
Clark,
Marion,
Multnomah,
price,
sales,
transactions,
Washington
Portland Apartment Sales
Buying, selling and operating apartments in Portland 