Multi-Unit Residential Market, May 03, 2020: The average price for a smaller income property is now $876,148 up by 6.9% and for a larger building it's $1,472,522 up by 10% over last year
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Smaller Duplex, Triplex and Fourplex properties are taking 99 days to sell in 2020 verus 70 last year. Larger buildings with 5 or more units are taking 85 days to sell, versus 115 days last year
Smaller buildings with 2-4 units achieved 101% of their list price and Larger buildings are selling for 96% 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.