Portland Apartment Market – 2015-2020 Annual Report

16 March 2021
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To download the individual sales report, right-click the link below and “Save As”:

<<<PortlandAptHistory_2015-2020_15Mar21>>>

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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, financials, History, invest, investment, portland, transactions, Washington

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:

– 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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, History, invest, location, portland, sales, Washington

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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, History, invest, location, portland, sales, Washington

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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, History, invest, location, portland, sales, Washington

Portland Apartment Sales – Oct 19

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

<<<Portland_Oct19vsOct18_AptSales>>>

Highlights:

Gross sales dollars Oct 19 YTD = $1878M is a 8% DECREASE over Oct 18 YTD = $2043M
$/unit Oct 19 YTD = $183K is a 3.9% DECREASE over Oct 18 YTD = $190K.
$/SqFt Oct 19 YTD = $206.31 is a 8.7% DECREASE over Oct 18 YTD = $225.91

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

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: invest, portland, sales, transactions

Portland Apartment Sales – Sept 19

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

<<<Portland_Sep19vsSep18_AptSales.>>>

Highlights:

Gross sales dollars Sept 19 YTD = $1791M is a 18% INCREASE over Sept 18 YTD = $1518M
$/unit Sept 19 YTD = $180K is a 5.0% DECREASE over Sept 18 YTD = $190K.
$/SqFt Sept 19 YTD = $204.83 is a 9.3% DECREASE over Sept 18 YTD = $225.82

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/

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: invest, portland, sales, transactions, Washington

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/

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: buying, History, invest, portland, sales, transactions

Portland Apartment Sales – July 19

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

<<<Portland_Jul19vsJul18_AptSales>>>

Highlights:

Gross sales dollars July 19 YTD = $914.9M is a 16% DECREASE over July 18 YTD = $1089.2M
$/unit July 19 YTD = $176K is a 5.9% DECREASE over July 18 YTD = $187K.
$/SqFt July 19 YTD = $203.27 is a 7.8% DECREASE over July 18 YTD = $220.53
CapRate July 19 YTD = 5.51% is a 3.5% INCREASE over July 18 YTD = 5.32%

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/

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512

Posted in Apartment Buying, Apartment Selling, Portland, Portland, Salem and Vancouver Apartment Market Issues
Tags: History, invest, portland, sales, transactions, Washington

Tenant Engagement Considerations

27 June 2019
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A local attorney, Jeffrey Bennett of Warren Allen, has 20+ years of experience in dealing with tenant and landlord issues in Portland.

He’s written a very useful article on the subject you can download at the link below (right-click to save):

<<<Winning Court Strategies_Jun19>>>

Whether you’re an owner or manager this article is very useful. Jeff goes over basics like:

Forms and the need to keep current
Delivery options and timelines
30-/90-day notices
Filling in forms correctly
For cause notices
Charges, late and partial payments
Preventing mistakes and giving yourself the best case
Deposits, charges and dealing with tenant requests

I assure you it’ll be the best (not being over-dramatic) 30 minutes of your time invested in your apartments.

The environment for landlords was difficult and new rules don’t make it easier. Being knowledgeable is a minimum requirement for successful landlords today.

Posted in Apartment Operations, Apartments - Other Topics, Portland, Portland, Salem and Vancouver Apartment Market Issues, Salem and Vancouver Apartment Market Issues
Tags: financials, invest, Law, note, operations, portland, rates, Washington

<<<PortlandAptHistory_2015-2020_15Mar21>>>

Steve Morris | Principal Broker SMI Commercial Real Estate Phone: 503.970.4593 steve@smicre.com | www.smicre.com OR License # 200202054 | WA License # 24512

<<<PortlandAptHistory_2014-2019_12Mar20>>>

Steve Morris | Principal Broker SMI Commercial Real Estate Phone: 503.970.4593 steve@smicre.com | www.smicre.com OR License # 200202054 | WA License # 24512

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:

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.

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:

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.

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:

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.

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

<<<Portland_Oct19vsOct18_AptSales>>>

Highlights:

Gross sales dollars Oct 19 YTD = $1878M is a 8% DECREASE over Oct 18 YTD = $2043M

$/unit Oct 19 YTD = $183K is a 3.9% DECREASE over Oct 18 YTD = $190K.

$/SqFt Oct 19 YTD = $206.31 is a 8.7% DECREASE over Oct 18 YTD = $225.91

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

<<<Portland_Sep19vsSep18_AptSales.>>>

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

<<<Portland_Aug19vsAug18_AptSales>>>

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

<<<Portland_Jul19vsJul18_AptSales>>>

A local attorney, Jeffrey Bennett of Warren Allen, has 20+ years of experience in dealing with tenant and landlord issues in Portland.

He’s written a very useful article on the subject you can download at the link below (right-click to save):

<<<Winning Court Strategies_Jun19>>>

Whether you’re an owner or manager this article is very useful. Jeff goes over basics like:

Forms and the need to keep current

Delivery options and timelines

30-/90-day notices

Filling in forms correctly

For cause notices

Charges, late and partial payments

Preventing mistakes and giving yourself the best case

Deposits, charges and dealing with tenant requests

I assure you it’ll be the best (not being over-dramatic) 30 minutes of your time invested in your apartments.

The environment for landlords was difficult and new rules don’t make it easier. Being knowledgeable is a minimum requirement for successful landlords today.

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512

Steve Morris | Principal Broker
SMI Commercial Real Estate
Phone: 503.970.4593
steve@smicre.com | www.smicre.com
OR License # 200202054 | WA License # 24512