2019 Apartment Transactions

A quarterly comparison of apartment transactions over the past four years indicates sales volume decreased by 6 percent, or by roughly $4.9 million.

transactions greater than $500,000; $ in billions

Source: CoStar Group Inc.

Total investment volume for apartment transactions amounted to $93.8 million in the fourth quarter of 2019, as of December, according to CoStar information. Year-over-year, sales volume increased by 5 percent, or by roughly $4.8 million. The number of properties sold in the fourth quarter grew by 748, while the total number of sold units dropped by 6,752 compared to the same interval in 2018. However, the average price per unit increased in the fourth quarter of 2019, up by 7 percent year-over-year, reaching $174,687.

A total of 8,913 properties traded in the fourth of 2019, comprising 537,018 units. Compared to the same quarter in 2018, when 8,165 properties sold, a total of 543,770 units traded for an average $163,638 per unit, amounting to a total investment volume of $89 million. Transaction has been moderating over the past quarters and this trend is likely to deepen in light of current events.

—Posted on March 27, 2020


transactions greater than $500,000; $ in billions

Source: CoStar Group Inc.

Total investment volume for apartment transactions reached $72.4 million in the third quarter of 2019, as of September, according to CoStar information. Year-over-year, sales volume decreased by 6 percent, or by roughly $4.9 million. The number of properties sold in the third quarter contracted by 441 and the total number of sold units dropped by 38,780 compared to the same interval in 2018. However, the average price per unit increased in the third quarter of 2019, up by 2 percent year-over-year, reaching $164,192.

A total of 7,031 properties traded in the third quarter of 2019, comprising 440,814 units. In the same quarter in 2018, some 7,472 properties comprising a total of 479,594 units traded for an average $161,184 per unit, with total investment volume amounting to $77.3 million. As transaction activity is slightly moderating, average per-unit prices are on the rise and are likely to continue their uptick.

—Posted on Dec. 16, 2019


transactions greater than $500,000; $ in billions

Source: CoStar Group Inc.

Total investment volume for apartment transactions reached $76.6 million at the end of the second quarter of 2019, according to CoStar information. Year-over-year, sales volume increased by 27.5 percent, or by roughly $16.5 million. Although the number of properties sold in the second quarter contracted compared to the same interval in 2018, the current year outpaced last year’s investment volume, number of units sold and the price per unit.

A total of 6,997 properties encompassing 462,486 units traded in the second quarter of 2019 at an average per-unit price of $165,717. Compared to the same quarter in 2018, when 7,442 properties sold (445 more than in Q2 2019), a total of 425,307 units traded for an average $141,341 per unit (17. 2 percent less than in Q2 2019), with the total investment volume amounting to $60.1 million. As transaction activity show signs of moderating, average per-unit prices are on the rise and are likely to continue expanding.

—Posted on Sept. 30, 2019


transactions greater than $500,000; $ in billions

Source: CoStar Group Inc.

Total investment volume for apartment transactions reached $61 million in the first quarter of 2019. Year-over-year through March, sales volume increased by 7.5 percent, or by roughly $4.3 million. Although investment volume in the first quarter of 2019 outpaced the same quarter in 2018, the number of sold properties decreased by 5.2 percent year-over-year. A total of 6,382 properties sold as of March 2019, while 6,730 properties traded in the first quarter of 2018, surpassing the 2019 number by 348 assets. Per-unit prices increased by 7.6 percent in the first quarter of 2019 compared the first quarter of the previous year, while the number of sold units slightly decreased. More than 404,000 units traded in the first quarter of 2019, while some 405,200 units sold in the same interval of 2018, indicating the prices are on the upswing and are likely to further expand.

—Posted on June 21, 2019