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Salt Lake Multi-Family Sales Summary 2006 - 2009
| |
2006 |
2007 |
2008 |
2009 |
| Average Cap Rate |
5.8% |
6.2% |
6.2% |
7.2% |
| Number of Units Sold |
2,224 |
3,559 |
3,709 |
1,556 |
| Average Property Age |
17 |
25 |
26 |
17 |
| Number of Properties Sold |
8 |
10 |
13 |
5 |
| Average Price/Square Foot |
$95.48 |
$107.31 |
$106.98 |
$102.03 |
| Average Price Per Property |
$23,881,250 |
$31,000,000 |
$21,756,923 |
$26,830,000 |
| Average Price Per Unit |
$85,138 |
$87,103 |
$76,258 |
$86,215 |
| Total Sales Volume |
$191,050,000 |
$309,999,999 |
$282,840,000 |
$134,150,000 |
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