February 14, 2018

What’s happening in the rebranded PHX East Valley?

By | 2018-02-14T13:24:13+00:00 February 14th, 2018|

REAL ESTATE | 12 Feb | DAVID MCGLOTHLIN The Phoenix Metropolitan Area makes up the central part of Arizona, totaling over 9,000-square-miles. Also referred to as Greater Phoenix, this region includes both East and West Valley cities, but the City of Phoenix only accounts for 517-square-miles total, which can lead to confusion when [...]

January 10, 2018

Housing Outlook 2018: Predictions From The Experts

By | 2018-01-10T15:13:04+00:00 January 10th, 2018|

Originally posted on Forbes.com January 9, 2018 In 2017 Americans learned to expect the unexpected, whether it be politics, weather or housing. Driven by record low inventory, little about the housing market went as forecast last year. “We thought there would be some things to take the pressure off,” reflects Skylar Olsen, [...]

September 19, 2013

2nd Quarter 2013 Apartment Market Update

By | 2017-10-04T14:31:06+00:00 September 19th, 2013|

KASTEN LONG COMMERCIAL GROUP:  Our Apartment Team gave a great presentation to the Scottsdale Area Assoc. of Realtors at their August commercial meeting. A video of this presentation is available upon request. KLCG had 27 transactions in Q2 including 4 apartment sales, 19 commercial sales and leases and 4 residential home [...]

December 6, 2012

The Metro Phoenix Apartment Market (Q3 2012)

By | 2017-10-04T14:31:24+00:00 December 6th, 2012|

In the 3rd quarter, there were 64 regular apartment sales (10+ units) and four broken condo sales, similar volume to recent quarterly sales.  Two properties, Orange Arbor (164 u) and Pierson Place (28 u), both located in central Phoenix, reverted back to the beneficiary at trustee sale.  There were no 3rd [...]

January 6, 2012

THE METRO PHOENIX APARTMENT MARKET – Q1 2012

By | 2017-10-04T14:31:24+00:00 January 6th, 2012|

The appetite for buying investments remains quite strong, but the number of apartment sales decreased a bit from previous quarters due primarily to a shrinking supply of product. In the 1st quarter, there were 50 regular apartment sales (10+ units) and three broken condo sales. There were no apartment communities sold [...]

December 6, 2011

The Metro Phoenix Apartment Market (Q4 2011)

By | 2017-10-04T14:31:24+00:00 December 6th, 2011|

In the 4th quarter, there were 60 regular apartment sales (10 or more units) – similar to each previous quarter in 2011. Of these, half sold for more than $1M and 33 of the 60 were “all cash”. The 27 sales that had financing were mostly from new loans or restructured [...]

December 6, 2011

Apartment Market Q3 2011

By | 2017-10-04T14:31:07+00:00 December 6th, 2011|

Apartment sales in the 3rd quarter were similar volume to recent quarters with 61 regular sales (10+ units), three multi-property (portfolio) sales, seven partial condo sales, and six 3rd party trustee sales.  Of the 61 regular sales, 37 had new financing, seller or existing lender financing or assumptions of existing loans [...]

August 6, 2011

Apt Market Q2 2011

By | 2017-10-04T14:31:07+00:00 August 6th, 2011|

Apartment sales continued with strong activity – similar to the past four quarters.  For the 2nd qtr., there were 59 regular sales (10+ units), six multi-property (portfolio) sales, two partial condo sales, and four 3rd party trustee sales.  Of the 59 regular sales, 35 had either new financing or assumptions of [...]

January 6, 2011

Apt Market Q1 2011

By | 2017-10-04T14:31:24+00:00 January 6th, 2011|

The rebound of the apartment market has started.  Sometime mid-to-late 2010 was likely the bottom.  With five consecutive quarters of declining vacancy rates and a steady increase of savvy investor pressure pushing up prices, our market is poised for continued growth.  Combine this with the lack of permitting for new apartments [...]

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