ABI Multifamily Phoenix Metro 2Q 2015 Snap Stats
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© DISCLAIMER (C) 2015 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy. ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics / Census Bureau / Pierce-Eislen / Vizzda / US Chamber of Commerce PHOENIX OFFICE | 4715 N 32ND STREET, STE. 105, PHOENIX, AZ 85018 | P: 602.714.1400 | ABIMULTIFAMILY.COM Avg Sales Price Per Unit 100 + Units 10 - 99 Units SNAP STATS PHOENIX MSA OVERVIEW 2Q | Avg Effective Rent/Vacancy 2Q 2015 Sales Stats 10+ Unit Properties Avg Vacancy Rate y-o-y 2Q 2015 $787.50 4.6% 2Q 2014 $730.75 5.9% $56.75 1.3% Avg Effective Rent y-o-y Increase / Decrease PHOENIX MSA | MULTIFAMILY | 2Q 2015 Total Population Population Growth (%) Employment Growth (%) Unemployment Rate (%) Median HH Income Median HH Income Change Per Capita Income Per Capita Income Change 4,404,888 1.53% 3.0% 4.8% $55,250 0.96% $38,745 0.67% ADOA, EBRC Estimate ADOA, EBRC Estimate y-o-y as of May 2015 As of May 2015 ABI Estimate ABI Estimate New Construction 52.6% y-o-y increase Units Delivered 2Q 2015: 1,439 | 2Q 2014: 943 Top 2Q 2015 Sales by Price/Unit 44 Monroe Phoenix, 184 Units $50,650,000 $275,272/unit $200.73/SF Built 2008 SkySong Apartments Scottsdale, 325 Units $67,500,000 $207,692/unit $213.73/SF Built 2014 Cactus Forty-2 Phoenix, 200 Units $36,000,000 $180,000/unit $232.17/SF Built 2014 Scottsdale Townhouse Scottsdale, 27 Units $2,787,500 $103,241/unit $107.42/SF Built 1973 Top 2Q 2015 Sales by Price/Unit Valencia Townhomes Phoenix, 36 Units $6,590,000 $183,056/unit $132.11/SF Built 2010 Oasis Twenty Phoenix, 19 Units $2,100,000 $110,526/unit $143.99/SF Built 1960 0 1000 2000 3000 4000 5000 1,439 4,527 615 3,569 1,668 2011 2012 2013 2014 2015 943 1,659 (YTD) Avg Year Built Avg Yr Blt Avg Yr Blt 1988 1970 10 - 99 Units 100 + Units $117.47 $80.43 Avg Price/SF $92.90 (2Q 2014) +26.4% y-o-y $66.70 (2Q 2014) -20.6% y-o-y $517M $104M Transaction Volume $529M (2Q 2014) -2.3% y-o-y $68M (2Q 2014) +52.9% y-o-y 0 20000 40000 60000 80000 100000 2011 2012 2013 2014 2015 YTD 2011 2012 2013 2014 2015 YTD 0 10000 20000 30000 40000 50000 60000 $92,113 $69,025 (2Q 2014) +33.4% y-o-y $59,347 $55,191 (2Q 2014) +7.5% y-o-y
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Transcript of ABI Multifamily Phoenix Metro 2Q 2015 Snap Stats
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DISCLAIMER (C) 2015 ABI Multifamily | The information and details contained herein have been obtained from third-party sources believed to be reliable; however, ABI Multifamily has not independently verified its accuracy. ABI Multifamily makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. SOURCES: ABI Research / Bureau of Labor Statistics / Census Bureau / Pierce-Eislen / Vizzda / US Chamber of Commerce
PHOENIX OFFICE | 4715 N 32ND STREET, STE. 105, PHOENIX, AZ 85018 | P: 602.714.1400 | ABIMULTIFAMILY.COM
Avg Sales Price Per Unit100+ Units 10-99 Units
SNAP STATSPHOENIX MSA OVERVIEW 2Q | Avg Effective Rent/Vacancy
2Q 2015 Sales Stats
10+
Un
it P
rop
ert
ies
Avg Vacancy Rate y-o-y
2Q 2015
$787.50
4.6%
2Q 2014
$730.75
5.9%
$56.75
1.3%
Avg Effect ive Rent y-o-y
Increase / Decrease
PHOENIX MSA | MULTIFAMILY | 2Q 2015
Total Population
Population Growth (%)
Employment Growth (%)
Unemployment Rate (%)
Median HH Income
Median HH Income Change
Per Capita Income
Per Capita Income Change
4,404,888
1.53%
3.0%
4.8%
$55,250
0.96%
$38,745
0.67%
ADOA, EBRC Estimate
ADOA, EBRC Estimate
y-o-y as of May 2015
As of May 2015
ABI Estimate
ABI Estimate
Ne
w C
on
stru
ctio
n
52.6%y-o-y increase
Units Delivered 2Q 2015: 1,439 | 2Q 2014: 943
Top 2Q 2015 Sales by Price/Unit44 MonroePhoenix, 184 Units$50,650,000$275,272/unit$200.73/SFBuilt 2008
SkySong ApartmentsScottsdale, 325 Units$67,500,000$207,692/unit$213.73/SFBuilt 2014
Cactus Forty-2Phoenix, 200 Units$36,000,000$180,000/unit$232.17/SFBuilt 2014
Scottsdale Townhouse Scottsdale, 27 Units$2,787,500$103,241/unit$107.42/SFBuilt 1973
Top 2Q 2015 Sales by Price/UnitValencia TownhomesPhoenix, 36 Units$6,590,000$183,056/unit$132.11/SFBuilt 2010
Oasis TwentyPhoenix, 19 Units$2,100,000$110,526/unit$143.99/SFBuilt 1960
0 1000 2000 3000 4000 5000
1,439
4,527
615
3,569
1,668
2011
2012
2013
2014
2015
943
1,659 (YTD)
Avg Year Built
Avg Y
r Blt Avg Yr Blt
1988 1970
10 -99 Units100+
Units
$117.47 $80.43Avg Price/SF$92.90 (2Q 2014)
+26.4% y-o-y$66.70 (2Q 2014)
-20.6% y-o-y
$517M $104MTransaction Volume$529M (2Q 2014)
-2.3% y-o-y$68M (2Q 2014)
+52.9% y-o-y
0
20000
40000
60000
80000
100000
2011 2012 2013 2014 2015 YTD 2011 2012 2013 2014 2015 YTD0
10000
20000
30000
40000
50000
60000
$92,113 $69,025 (2Q 2014)+33.4% y-o-y $59,347 $55,191 (2Q 2014)
+7.5% y-o-y
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