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Berkadia: DFW 2014 Multifamily Sales SummaryBerkadia: DFW 2014 Multifamily Sales Summaryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=13782015-04-01T06:49:00Z2015-04-01T00:00:00Z

DALLAS-FORT WORTH - Berkadia has released its 2014 Sales Summary for the North Texas multifamily market.

Sales velocity of multifamily properties in 2014 decreased 9.5 percent from 2013, though activity was 55 percent greater than average transactions from the prior five-year period.

Investors acquired 314 properties with total volume of $5.2 billion, a 3.8 percent reduction from 2013. The average transaction, however, rose 5 percent to $16 million as the average number of apartments per sale increased from 195 units in 2013 to 225 units in 2014.

Apartment communities built in the 1960s, 1970s and 1980s increasingly dominated sales activity, accounting for 77 percent of transactions in 2014, compared to 68 percent of deals in 2013. In the last four quarters, prices at these communities fell 8.4 percent, fueling an overall price reduction of 7.6 percent to $71,098 per unit.

Year-over-Year Sales Summary 2014
  100+ Unit Sales < 100 Unit Sales
Avg. Price
Per Unit
Avg. Price
Per SF
# of
Sales
Total
Volume
Avg. Price
Per Unit
Avg. Price
Per SF
# of
Sales
Total
Volume
2013 $80,168 $88.00 240 $5,091,022,051 $74,530 $66.59 107 $360,169,713
2014 $71,273 $79.10 245 $5,015,431,865 $70,478 $60.16 69 $228,600,952
Change -11% -10% 2% -1% -5% -10% -36% -37%


Source: Berkadia

Click here for a PDF of the sales summary and a 2015 forecast.

Berkadia
Dallas-Fort Worth-Arlington
Multifamily
http://www.apartmentupdate.com/index.cfmRead more at {Source}

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