Many Cities Have Hit 2007 Multifamily
Price Levels, But Not Phoenix
The Phoenix Metro area's multifamily pricing is still 7% below its 2007 peak in terms of price per unit, according to ABI Multifamily. We spoke with ABI director of research Tom Brophy to get the scoop.
"Whereas many markets across the US have exceeded peak sales price per unit amounts, Phoenix Metro, despite our frenetic sales pace, is still an average of 7% below our 2007 peak sales price/unit amounts,” Tom tells Bisnow.
The chart below illustrates…
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