Category: Weekly Sales

Apartment Market and Sales Insights Metro Phoenix had a 42% GDP growth from 2019 to 2023, business applications grew by 61% and there was a 25.8% increase in roadway miles. Eight of our cities ranked in the top ten in the US for economic growth (Coworking Café). Mesa was strongest of the large cities. Going forward, the AZ … Continued

Apartment Market and Sales Insights Multifamily New Construction – Across the US, new apt construction has decreased to the lowest level in a decade, two years since it peaked. Austin reported the largest decline but Phoenix, Atlanta, Dallas and New York also had notable declines (per Globe Street, 8.13.2025). Phoenix completions peaked at 20,415 units in 2024 and 11,938 … Continued

Apartment Market and Sales Insights GPEC Presentation by Thomas Maynard, Senior Vice President, Business Development (June 25, 2025). Why choose metro Phoenix? www.GPEC.org for more info.

Apartment Market and Sales Insights Residential Always Leads Commercial. Residential resale homes are still a weak market, but prices have leveled off and may imply a market primed for change. Agents note there are no shortage of buyers, just waiting on reduced loan rates. New home builders know we already have an increased demand for housing and … Continued

Apartment Market and Sales Insights Fairfield Residential completed the largest multifamily portfolio purchase in the history of Arizona with all properties located in the state. Total purchase was $414,500,000. Three of the five properties were closed July 18, 2025 and noted in last week’s report. The last two properties are noted above. Total units acquired … Continued

Apartment Market and Sales Insights Reasons CA investors are moving money to Metro Phoenix We hope you have been using the Interactive Maps and Downloadable Lists for currently advertised Apts For Sale, details of Prior Apt Sales and the New Apt Construction Pipeline.

Apartment Market and Sales Insights Possible Upcoming Opportunity: Apartment sales have been minimal for the past couple years due to the high loan rates. There are more than 70 apt. communities currently advertised for sale. What if the Feds drop rates and loan rates follow suit? Everyone knows there is increasing pressure being put on Colin Powell and … Continued

Apartment Market and Sales Insights Rents, Occupancy and Concessions – As of Q2 2025, rents over the past three years, for all class properties, have declined an average of 5%. Since a high of 96.2% in Q3 2021, occupancy is now holding around 93%. The current average lease concessions are 10% of the annual rent, with the highest … Continued

Apartment Market and Sales Insights Softbank Group Corp founder and CEO Masayoshi Son reportedly is considering a $1 trillion complex (Project Crystal) focused on Artificial Intelligence and robotics in the Valley and to promote Arizona as a hub for next-generation industrial innovation. TSMC is suggested to be a possible partner. New Apt Construction Pipeline continues to put … Continued

Apartment Market and Sales Insights Commercial follows Residential – Just something to watch. I remember tracking the demise of the residential market in 2007. It actually forecast the decline on the commercial market highlighted by Lehman Brothers declaring BK in September 2008. With high interest rates and strong home values, the number of current listings is the highest … Continued