As was the case over the last year, the sales volume on the five-to-nine units saw a dramatic increase in sales volume in terms of percentages – at least double the amount of sales volume compared to that reflected between 2009 and, into, even the first half of 2012 while the economy was in the “deepest” throes of the Great Recession. Average per-unit prices and GRMs also saw a noticeable increase over the last few semi-annual periods analyzed compared to that seen, at least, as far back as 2008, the initial year of the economic downturn.
For more information regarding the current status of the market for all multifamily properties, contact Craig Lieberman, CCIM. Craig@ais-realestate.com. Craig is the President, Broker and Managing Director of The Apartment Investment Specialists, a multifamily property brokerage and property management company located along the central coast.