Archive for Multifamily Market

A Look At The Small Multifamily Market In Metro Phoenix

(Graph by: PhoenixMarketTrends)
We’re currently revamping Arizona Apartment Investor into a new design, actually it’s been in the works for a while: until it’s completed shortly some updates will be located at PhoenixMarketTrends.com, like the most current look at the triplex and fourplex market in Greater Phoenix.  I chose only [...]

A Review of Several Phoenix Real Estate Investment Related Articles

Some investment related articles we did at PhoenixMarketTrends.com

Case Study: A Central Phoenix Condo From Lender Owned To Long Term Investment:

This is a case study of a condo purchased by an out of town investor.  It was a lender owned property taken from a plain dirty place to a wonderful inviting home.

How To Search For Income [...]

Multifamily Comeback In 2011?

The CCIM Institute’s magazine, “Commercial Investment Real Estate” reports the following:
“The strongest net effective rent gains in history may occur between 2011 and 2015 as 75 million echo boomers finally can afford to strike out on their own, says RREEF Research.  This pent-up demand along with a below-average supply, limited by financing constraints and fewer [...]

Where Are All The Fourplexes: Sales Increase And Supply Dwindles Away.

It’s a busy market out there.  All the good stuff seems to be disappearing : from good condos, homes, to small multifamily.
The supply of multifamily fourplexes is quickly dwindling sway.  Most of the good stuff is selling quickly as investors realize how good they have it now.
Except that properties will not wait for them.  There [...]

Multifamily To Recover Faster From Current Downturn.

Some news purporting the strength of multifamily in the next phase of the cycle.
Housing experts predict that multi-family rental properties and apartments will recover fastest from the current downturn, followed by housing in cities that didn’t overbuild.
The market is likely to hit bottom in the next few months, says Bernard Markstein, senior economist and [...]

Residential Phoenix Small Multifamily Market At A Glance

In the small multifamily unit market, 2-4 units, there are 559 active properties.  70% are lender owned or short sales.
In other words normal seller should simply stay out of the market because it will be a pure fluke if they get a buyer even if the property makes sense and there are some very good [...]

Duplexes, Triplexes, Four-plexes: An Increasingly Attractive Investment Market.

The tenant pool is increasing for the smaller apartment building properties.  These buildings tend to be a bit older with less amenities and command a lower rent.  With a lower incomes and some uncertainty vacancy rates for well marketed small multifamily properties are lower then larger complexes with offer lots of amenities but higher rent. [...]

Phoenix Valley Multi-family Rental Vacancies

The recent Apartment News a publication of the Arizona Multi-housing Association reports that vacancies in the valley are at "record levels"
In the valley rents dropped by $3.00 to $770.00 on average.  This is, "the first year to year decline in the same quarter (3Q’08) since 2003.  Vacancies stood at 13 percent, a record high for [...]

Commercial Real Estate At A Standstill Except Multifamily.

The NAR reports:
With the exception of cash transactions, investment activity in commercial real estate sectors is nearly at a standstill because commercial lending has essentially halted, while job losses are curtailing the demand for space, according to the latest Commercial Real Estate Outlook of the NATIONAL ASSOCIATION of REALTORS®.
Lawrence Yun, NAR chief economist, said there [...]

December Greater Phoenix Small Multifamily Sales Update

Sales of small multifamily properties are on the rise especially over last year.  23 sales may not seem like much but it’s 65% higher then last year.  Still the prices are down significantly.  This is mostly due to the abundance of foreclosed and pre-foreclosure properties that have sold or are for sale. 
The first chart shows [...]

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