Tuesday, November 2, 2010
Quality Apartment Sales Bump Volume 63% in Third Quarter
The caveat: while sales volume rose 63 percent, the number of transactions rose just 5 percent, meaning deal size played a huge role in the transaction numbers. So far this year $18.5 billion of apartments have sold, almost double the first nine months of 2009. But the number of properties sold represents just a 31 percent increase.
The difference in sales dollar value vs. properties sold is explained this way: quality apartments are selling fast. Read More at Multifamily Executive Online.