Category: Weekly Sales

Apartment Market and Sales Insights History: Housing demand started increasing in 2016 – driving rents and apt. values up. As a result of our annual rental rate growing to 18.8%, developers increased new construction – almost doubling previous annual completions to 16,016 units in 2022, and this has continued. The increased supply has created higher vacancy rates and driven … Continued

Apartment Market and Sales Insights Trustee Sales 510 N Horne, Mesa on 5.20.2025. 25 units built 1971, credit bid $5,112,549. Original purchase on 6.18.2022 was $5,750,000. This was the same owner and lender as the 16 units at 750 E 1st Av., Mesa (reported last week). 12,810 N Cave Creek Rd., Phoenix on 5.28.2025. 206 units built … Continued

Apartment Market and Sales Insights Buyer of Zanterra Luxury Apt’s also purchased The Core at Scottsdale (15,333 N Hayden Rd.) on 5.7.2025. 282 units for $97,500,000 ($345,745/u). There were no sales for the week ending 5/23/2025. The 16 unit property located at 750 E 1st Av. in Mesa went back to the lender at the … Continued