 |
Salt Lake Multi-Family Sales Summary 2004 - 2007
| |
2004 |
2005 |
2006 |
2007 |
| Average Cap Rate |
6.8% |
6.8% |
5.8% |
6.2% |
| Number of Units Sold |
2,208 |
1,762 |
2,224 |
3,559 |
| Average Property Age |
19 |
23 |
17 |
25 |
| Number of Properties Sold |
10 |
9 |
8 |
10 |
| Average Price/Square Foot |
$78.60 |
$73.67 |
$95.48 |
$107.31 |
| Average Price Per Property |
$15,332,500 |
$12,352,222 |
$23,881,250 |
$31,000,000 |
| Average Price Per Unit |
$69,441 |
$63,093 |
$85,138 |
$87,103 |
| Total Sales Volume |
$153,325,000 |
$111,170,000 |
$191,050,000 |
$309,999,999 |
| |
|
