Phoenix Small Income Property Market Update

Below are two charts representing the sales data for small multi-family income properties in Greater Phoenix.  Sales are for April 2008 and are from the ARMLS, they do not include sales outside the MLS.

2-4 units.

April 2008 2-4 Units.	Active	Sold	Pending
Phoenix	353	6	13
Scottsdale	16	1	2
Greater Phoenix	715	20	31

5-12 Units.

April 2008 5-12 Units	Active	Sold	Pending
Greater Phoenix	120	3	2

What does this mean?  The numbers above don't by themselves shed any light on the state of the multifamily market in Phoenix.  I just threw them up as a starting point.  Tracking of sales for small income apartments in Phoenix will expand in the future. 

We do have a cool new map based search for multifamily properties at www.SearchValleyHomes.com just pick the advanced button the the bottom left then select multifamily and you can view by map and by area and you can even get new properties by email or RSS feed.  The RSS feed is the way to go.

The map below shows new multifamily listings in the last 7 days and is updated daily.