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Austin 2012 apartment sales summaryAustin 2012 apartment sales summaryhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=79152013-03-20T12:15:00Z2013-03-20T00:00:00Z

AUSTIN - Multifamily transactions in 2012 exceeded prerecession activity both in number of properties sold and total sales volume.

There were 110 transactions last year, surpassing the 104 sales during the peak in 2006. Last year's sales volume of $1.7 billion was also above 2006 sales volume of $1.3 billion.

The average price per unit (PPU) surged to $76,913, a 34.4 percent rise, and the average price per sf advanced from $70.32 per sf to $92.33 per sf.

Austin Apartment Sales
  2012 2011 Change
100+ unit sales Average price (per unit) $79,386 $59,794 33%
Average price (per sf) $91.58 $68.64 33%
Transaction count 81 43 88%
Total volume $1,660,526,073 $733,428,324 126%
Less than
100 unit sales
Average price (per unit) $65,877 $49,517 33%
Average price (per sf) $96.44 $74.91 29%
Transaction count 29 17 71%
Total volume $61,020,818 $45,490,212 34%


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