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

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

Portland Apartment Sales – June 19

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

<<<Portland_Jun19vsJun18_AptSales>>>

Highlights:

Gross sales dollars June 19 YTD = $790.8M is a 13.6% DECREASE over June 18 YTD = $796.8M
$/unit June 19 YTD = $176K is a 5.2% DECREASE over June 18 YTD = $186K.
$/SqFt June 19 YTD = $202.34 is a 9.7% DECREASE over June 18 YTD = $224.08
CapRate June 19 YTD = 5.52% is a 3.4% INCREASE over June 18 YTD = 5.34%

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, Salem and Vancouver Apartment Market Issues
Tags: History, portland, transactions

Portland Apartment Sales – March 19

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

<<<Portland_Mar19vsMar18_AptSales>>>

Highlights:

Gross sales dollars March 19 YTD = $367.2M is a 29% DECREASE over March 18 YTD = $515M
$/unit March 19 YTD = $178K is a 4% INCREASE over March 18 YTD = $171K.
$/SqFt March 19 YTD = $203.44 is a 13% DECREASE over March 18 YTD = $232.77
CapRate March 19 YTD = 5.56% is a 6.7% INCREASE over March 18 YTD = 5.21%

The big drop in $/unit and gross dollars is due to NO large (>100 unit) sales.

City of Portland rules are also giving pause to owners. Pricing is getting hardest hit on new construction (excess of inventory) and older (pre-1927 URM) buildings along with Portland proper.

However, even with pricing pressure there are positive things making apartments an attractive investment:

Interest rates are still low and in the low 4% range
Rents are still increasing and vacancies are about 5% on average

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 | 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

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

Portland Apartment Market – 2013-2018 Annual Report

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

<<<PortlandAptHistory_2013-2018_11Apr19>>>

Highlights / Contents:

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

Please contact me:

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 Issues, Salem and Vancouver Apartment Market Issues
Tags: History, location, portland, sales, Taxes, title, transactions, Washington

Portland Apartment Sales – Nov 18

21 December 2018
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<<<Portland_Nov18vsNov17_AptSales>>>

Highlights:

Gross sales dollars Nov 18 YTD = $2163M is a 62% INCREASE over Nov 17 YTD = $1335M
$/unit Nov 18 YTD = $188K is a 10% INCREASE over Nov 17 YTD = $171K.
$/SqFt Nov 18 YTD = $219.22 is a 12% INCREASE over Nov 17 YTD = $195.91
CapRate Nov 18 YTD = 5.32% is a 1.3% DECREASE over Nov 17 YTD = 5.39%

Including all sales, we are at a run rate of $2.4B 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/motivators.

If you’d like more information on 2012-2017 Portland Apartment 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.

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

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.

– 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:

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 Issues
Tags: buying, History, invest, portland, sales, transactions, Washington

Portland Apartment Sales – Aug 18

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

<<<Portland_Aug18vsAug17_AptSales>>>

Highlights:

Gross sales dollars Aug 18 YTD = $1355M is a 43% INCREASE over Aug 17 YTD = $950M
$/unit Aug 18 YTD = $190K is a 11% INCREASE over Aug 17 YTD = $171K.
$/SqFt Aug 18 YTD = $2216.87 is a 10% INCREASE over Aug 17 YTD = $197.19

We had a stronger month vs. Aug 17 due to several large sales. Including all sales, we are at a run rate of $2.0B 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.

– 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:

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 Issues, Salem and Vancouver Apartment Market Issues
Tags: History, portland, sales, transactions, Washington

Portland Apartment Sales – July 2018

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

<<<Portland_July18vsJuly17_AptSales>>>

Highlights:

Gross sales dollars July 18 YTD = $1092M is a 44% INCREASE over July 17 YTD = $759M
$/unit July 18 YTD = $189K is a 13% INCREASE over July 17 YTD = $167K.
$/SqFt July 18 YTD = $222.62 is a 15% INCREASE over July 17 YTD = $194.15

BESIDES TWO LARGE SALES – We had a weak month vs. July 17. Without these, we’d be at $61M gross sales for July 18. Including all sales, we are at a run rate of $1.8B 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.

The $206M sale will probably be about 11-12% of total year gross sales for 2018.

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.

– 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:

For the Oregon Real Estate Agency Pamphlet click here.
For the Washington Real Estate Agency Pamphlet click here.

Portland Apartment Sales – June 18

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

<<<Portland_June18vsJune17_AptSales>>>

Highlights:

Gross sales dollars June 18 YTD = $793M is a 30% INCREASE over June 17 YTD = $612M
$/unit June 18 YTD = $186K is a 13% INCREASE over June 17 YTD = $164K.
$/SqFt June 18 YTD = $226.71 is a 23% INCREASE over June 17 YTD = $185.10

We had a weak month vs. June 17. At $83M 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 a copy also.

– 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:

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 Issues
Tags: financials, History, portland, sales, transactions

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