May 16, 2013

Qtr 1 2013 – The Metro- Phoenix Apartment Market

By |2017-10-04T14:31:07+00:00May 16th, 2013|

In the 1st quarter of 2013 there were a total of 56 sales (10 units or more) of which four were bank-owned, one bankruptcy and one short sale. Twelve of the 56 sales (21.4%) were “flips” - properties purchased within the past few years and now sold at a profit.  Financing [...]

May 16, 2013

1st Quarter 2013 Apartment Market Update

By |2017-10-04T14:31:07+00:00May 16th, 2013|

Vacancy rates continue to decrease and rental rates are increasing.  Total sales were down slightly from past quarters due to shortage of inventory both from distressed assets and reasonably priced communities.  Buying pressure remains strong – with California starting to get back into our market.  New apartment construction has significantly ramped [...]