Category: Weekly Sales

Apartment Market and Sales Insights Nationwide – Of the 31 major metropolitan cities tracked by Yardi Matrix, Phoenix ranks 3rd from the bottom for YoY rent growth. Phoenix, Denver and Austin were the only cities with negative rent growth. NYC was the best with 5.7%. Once our new apt construction pipeline is completed and absorbed, we should have … Continued

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