Mar 3, 2014
San Antonio apartment sales 2013: Hendricks-Berkadia
SAN ANTONIO - Multifamily sales activity remained robust in 2013, though the number of deals and sales volume contracted slightly. There were a total of 61 transactions last year, a...
SAN ANTONIO – Multifamily sales activity remained robust in 2013, though the number of deals and sales volume contracted slightly. There were a total of 61 transactions last year, a decline of 6.5 percent as sales volume dipped 0.6 percent to $931.9 million, according to Hendricks-Berkadia.
Prices advanced 16.8 percent to $66,748 per unit in 2013. Values at Class A assets increased 24.2 percent to $122,116 per unit, while the average price at Class B/C properties was $45,746, a gain of 6.1 percent.
| 2013 | 2012 | Change | ||
| 100+ unit sales | Average price (per unit) | $71,603 | $60,995 | 17% |
| Average price (per sf) | $77.14 | $70.42 | 10% | |
| Transaction count | 48 | 54 | -11% | |
| Total volume | $910,374,620 | $897,407,247 | -1% | |
|
Less than 100 unit sales | Average price (per unit) | $43,858 | $32,707 | 34% |
| Average price (per sf) | $36.52 | $39.87 | -8% | |
| Transaction count | 13 | 11 | 18% | |
| Total volume | $34,446,448 | $26,874,570 | 28% | |
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