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Apartment Prices and Sales Rise in Q1 2015

hamilton-zanze April 28, 2015

Apartment sales rose 68% year-over-year in Q1 2015, hitting $68 billion, according to a recent report from Real Capital Analytics. Apartment prices also increased, and are now 21% higher than the previous peak prices seen in 2007.

As prices and sales volume rose, cap rates fell 0.3% year-over-year to 5.9%. Mid- and high-rise apartments saw the greatest decline, down 0.8% to a 4.7% average cap rate. Garden-style assets remained relatively flat, dropping just 0.3% to 6.2%.

Read more at MultiFamilyExecutive.com

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