Apartments sales in Phoenix Metro hit record $4.97B in 2016

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Mike Sunnucks Senior Reporter Phoenix Business Journal

Sales of apartment complexes in Phoenix Metro hit a record $4.97 billion in 2016, according to new numbers from ABI Multifamily.

The 2016 sales volume was up from $3.86 billion of multifamily sales in 2015, according to Thomas Brophy, ABI’s research director.

Brophy said there were 376 total sales involving 47,233 total units sold in 2016.

The record sales volume included investors and landlords from California, the Pacific Northwest and Canada buying and selling properties. Some of that stems from investors finding cheaper deals in the Phoenix market than more expensive coastal big cities.

There has also been some landlords and investors doing some profit taking after buying properties during and after the recession. Phoenix has seen a multiyear wave of new apartments and apartment sales since the last real estate crash.

Brophy said the multifamily real estate segment could be impacted by expected improvements in the housing market as well as interest rate hikes. But Brophy also said economic uncertainty regarding Brexit, the European Union and the Chinese economy could send more investors into real estate and markets such as Phoenix.

ABI is based in Phoenix and specializes in multifamily real estate.

Apartment sales (Phoenix metro)

2013: $2.53 billion

2014: $2.80 billion

2015: $3.86 billion

2016: $4.97 billion

Source: ABI Multifamily

Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues.

SEE IT ALL:      http://www.bizjournals.com/phoenix/news/2017/01/24/apartments-sales-hit-record-4-97b-in-2016.html?ana=e_me_set1&s=newsletter&ed=2017-01-24&u=lQ2E7queaIzizvtydl7vaENwvei&t=1485267009&j=77172531

 

 

WEEKLY LAND CLOSING UPDATE / THROUGH JANUARY 20, 2017 / Phoenix Arizona Metro, Maricopa County, Pinal County.

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FROM ME:

Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net

Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.

I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a   CCIM:  

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Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.

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I am actively looking to build relationships with Real Estate Investors and Owner Users to  broker  your land or commercial buildings in Phoenix / Scottsdale /Maricopa County  / Pinal County / Arizona.

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Phoenix projected as number one US housing market for 2017

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Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

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Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

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Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

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Timeline of Phoenix, Arizona history

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

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Phoenix, Arizona

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

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Facts of Arizona – year 1848 to 2013

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Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

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  1. Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

 

  1. Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2

 

 

Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages.  The interactive map  shows the location of each community (10+ units) and each location is color coded by the size (number of total units). 

Click here for Map of Apartments for Sale (10+units)

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

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Walter Unger CCIM

Senior Associate Broker

Kasten Long Commercial Group

5110 N 40th Street, Suite 110

Phoenix , AZ 85018

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