2019 Apartment Transactions

A quarterly comparison of apartment transactions over the past four years indicates a 27.5 percent year-over-year increase in the second quarter of 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