Portland Apartment Sales – April 19

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

<<<Portland_Apr19vsApr18_AptSales>>>

Highlights:

Gross sales dollars April 19 YTD = $431.4M is a 25% DECREASE over April 18 YTD = $575M
$/unit April 19 YTD = $171K is a 4% DECREASE over April 18 YTD = $177K.
$/SqFt April 19 YTD = $198.01 is a 10% DECREASE over April 18 YTD = $220.69
CapRate April 19 YTD = 5.48% is a 4.6% INCREASE over April 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

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

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:

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.

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 – Oct 18

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

<<<Portland_Oct18vsOct17_AptSales>>>

Highlights:

Gross sales dollars Oct 18 YTD = $1986M is a 170% INCREASE over Oct 17 YTD = $1232M
$/unit Oct 18 YTD = $188K is a 10% INCREASE over Oct 17 YTD = $171K.
$/SqFt Oct 18 YTD = $222.25 is a 13% INCREASE over Oct 17 YTD = $196.3

We had the strongest month on record ($450M) vs. Oct 17 due to several large sales.

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 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.

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

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.

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

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

– 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, investment, portland, sales, transactions, Washington

Portland Apt Sales – Feb 18

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

<<<Portland_Feb18vFeb17_AptSales>>>

Highlights:

Gross sales dollars Feb 18 YTD = $354M is a 33% INCREASE over Feb 17 YTD = $266M
$/unit Feb 18 YTD = $239K is a 68% INCREASE over Feb 17 YTD = $169K.
$/SqFt Feb 18 YTD = $266.25 is a 56% INCREASE over Feb 17 YTD = $195.34

We had a pretty good up month over Feb 17. At $197M gross sales we are at $2.0B in annual sales rate (vs. $1.7B for 2017 and $2.95B for 2016) so hoping this continues.

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

– 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: portland, sales, transactions, Washington

Portland Apt Market – 2017 Annual Report

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

<<<PortlandAptHistory_2012-2017_14Mar18>>>

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:

– 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 Apt Sales – Oct 17

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

<<<Portland_Oct17_AptSales>>>

Highlights:

Gross sales dollars Oct 17 YTD = $1203M is a 35% DECREASE over Sept 16 YTD = $1861M
$/unit Oct 17 YTD = $172K is a 22% INCREASE over Oct 16 YTD = $140K.
$/SqFt Oct 17 YTD = $197.17 is a 3% INCREASE over Oct 16 YTD = $159.99

60% of Oct 17 sales were two large transactions (Beaverton and Gresham). Overall YTD gross dollars are down mainly due to lack of large (>100 units) investors interest in Portland. Nov 16 + Dec 16 alone had almost $1B in total sales.

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 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
Tags: portland, transactions, Washington

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