| 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. |
|
| Twelve Month Sale Activity | |
| | Period | Change | | | 2008 | 2009 | Number | Percent | *Twelve Month Sale Activity
Sales reported are among properties 50 units and larger.
*Period = (Oct2007 - Sep2008) - (Oct2008 - Sep2009) | 44
| 26
| -18 | -40.9% | Sales Completed --
Most Recent Sixty Days (Properties - # of Units) | - | 7-2,208 | - | - | |
|
| Rental Market | |
Current Metropolitan Area Rental Rates 10/2009
| Low | High | Average | One Bedroom
| $ 374 | $1,691 | $ 642 | | Two Bedroom/Two Bath | $ 379 | $3,094 | $ 850 | |
|
| New Construction on 10/05/2009 | |
| Properties Under Construction | | 20 | | Units Under Construction | | 5,774
| Construction Starts, Last Thirty Days (subscribers)
| | | Construction Completions, Last Thirty Days (subscribers)
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