| APARTMENT MARKET CONDITIONS |
| Apartment market conditions are updated as: Rental rates – three times annually; sale activity – monthly; new construction currently in process – weekly; and construction starts during the past 30 day period – twice weekly. |
|
| New Construction on 02/28/2010 | |
| Properties Under Construction | | 11 | | Units Under Construction | | 3,260
| Construction Starts, Last Thirty Days (subscribers)
| | | Construction Completions, Last Thirty Days (subscribers)
| | |
|
|
| Rental Market | |
Current Metropolitan Area Rental Rates 02/2010
| Low | High | Average | One Bedroom
| $ 325 | $1,601 | $ 620 | | Two Bedroom/Two Bath | $ 445 | $5,206 | $ 820 |
|
|
| Twelve Month Sale Activity | |
| | Period | Change | | | 2009 | 2010 | Number | Percent | *Twelve Month Sale Activity
Sales reported are among properties 50 units and larger.
*Period = (Mar2008 - Feb2009) - (Mar2009 - Feb2010) | 19
| 52
| +33 | 173.7% | Sales Completed --
Most Recent Sixty Days (Properties - # of Units) | - | 13-2,119 | - | - |
|
| |
