A down to earth look at real estate issues in
Northern New Jersey with an environmental twist.
Tuesday, January 03, 2012
Price Turnaround in Multifamily Homes
Loopnet is a great resource for information about all kinds of commercial real estate -- including multi-family residential properties. While residential price drops are slowing in fits and starts in several NJ markets, LoopNet is reporting that the median sale price per unit for multifamily properties throughout NJ has been rising for three straight months. Encouraging news, but it may well be the flipside of the hard pressed single-family market i.e. the economy is forcing more folks to move into rentals that out of them,(Click on graphic to enlarge) You may need to register (it's free) to download more detailed data and charts.