Multi-Unit Residential Market, July 04, 2020: The average price for a smaller income property is now $895,981 up by 11.6% and for a larger building it's $1,419,392 up by 14.5% over last year
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Smaller Duplex, Triplex and Fourplex properties are taking 79 days to sell in 2020 verus 76 last year. Larger buildings with 5 or more units are taking 12 days to sell, versus 18 days last year
Smaller buildings with 2-4 units achieved 99% of their list price and Larger buildings are selling for 95% of their list price.
Each month we update you with all the stats for Multi-Unit Residential Buildings, which includes Duplex, Triplex, Fourplex and Larger Apartment Buildings with 5 or more Units in them, visit this page each month for the newest video and report.