DFW 2012 apartment sales summary
DALLAS-FORT WORTH – For the third-straight year, transactions and sales volume in the Dallas-Fort Worth metroplex continued to rebound from the market trough in 2009.
The number of properties changing hands totaled 228, an increase of 32.6 percent from 2011.
Sales of properties with at least 100 units increased 19.4 percent, while transactions of smaller assets surged 152.9 percent. Total multifamily sales advanced to $3.0 billion, a 22.1 percent increase from the prior year.
The average price per unit (PPU) was $59,753, an annual gain of 1.4 percent. Apartments in the City of Dallas commanded a premium, selling for an average of $64,438 per unit. Elsewhere in the metro area, units averaged $57,435.
| 2012 | 2011 | Change | ||
| 100+ unit sales | Average price (per unit) | $61,498 | $59,725 | 3% |
| Average price (per sf) | $63.67 | $66.51 | -4% | |
| Transaction count | 185 | 155 | 19% | |
| Total volume | $2,916,606,155 | $2,429,995,192 | 20% | |
|
Less than 100 unit sales | Average price (per unit) | $49,110 | $51,459 | -5% |
| Average price (per sf) | $63,65 | $48.83 | 30% | |
| Transaction count | 43 | 17 | 153% | |
| Total volume | $101,792,099 | $41,404,799 | 146% | |
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