January 7, 2013

Qtr 4 2012 – The Metro Phoenix Apartment Market

By |2017-10-04T14:31:24+00:00January 7th, 2013|

In the 4th quarter, there were 79 regular apartment sales (10+ units), a significant increase over recent quarters.  In addition, there were five portfolio sales of two or more properties.  This last quarter saw over half-billion in sales ($509,574,300) with 8,337 total units.  There were 29 communities sold with more than [...]

January 7, 2013

4th Qtr 2012 MF Permitting Making Strong Comeback

By |2017-10-04T14:31:24+00:00January 7th, 2013|

For the past three years, the number of permits for new apartment construction averaged about 1,000/yr.  Over the past ten years, the average was 3,840/yr.  As of the 4th quarter of this year, the number of permits  jumped  to  more  than  10,000 for the year with many projects already breaking ground.  Both ASU [...]