are apartment investors horsing around?
DESCRIPTION
Last year was a good year for apartment sales in the Puget Sound region. In fact, with $2.6 billion of property changing hands, it was the third best year ever. So let's see how active investors are this year by comparing the first four moths of 2012 sales activity with the same period this year. That will tell us whether investors are still serious about this market, or just horsing around.TRANSCRIPT
WEEKLY APARTMENT UPDATE
FRIDAY MAY 17, 2013ARE INVESTORS HORSING AROUND?
Dupre + Scott Apartment Advisors www.duprescott.com
Sales activity: January – April(5 unit and larger market rate sales; King, Pierce, and Snohomish counties)
2012 2013 Change
Sales 66 84 + 27%
Units 3,357 4,031 + 20%
Dollars (millions) $536 $709 + 32%
Sales Units $ Volume
King-Eastside 17% 8% 9%
King-Seattle 52% 134% 286%
King-South -13% -24% -56%
Pierce 86% -59% -61%
Snohomish 0% 225% 394%
Overall 27% 20% 32%
See the related video/article
Are Investors Horsing Around?
at
www.duprescott.comUnder the “Articles” tab