abi multifamily phoenix metro 1q 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

Avg Price/SF

Avg Y

r Blt Avg Yr Blt

1989 1973

10 -99 Units100+

Units

$619M $56MTransaction Volume

SNAP STATSPHOENIX MSA OVERVIEW 1Q | Avg Effective Rent/Vacancy

1Q 2015 Sales Stats

10+

Un

it P

rop

ert

ies

Avg Vacancy Rate y-o-y

1Q 2015

$758

5.2%

1Q 2014

$710

6.1%

$48

0.9%

Avg Effect ive Rent y-o-y

Increase / Decrease

PHOENIX MSA | MULTIFAMILY | 1Q 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%

5.5%

$55,250

0.96%

$38,745

0.67%

ADOA, EBRC Estimate

ADOA, EBRC Estimate

y-o-y growth

as of Feb 2015

ABI Estimate

ABI Estimate

Ne

w C

on

stru

ctio

n

73%y-o-y decrease

Units Delivered 1Q 2015: 220 | 1Q 2014: 826

$113.49 $69.13Avg Price/SF

0

20000

40000

60000

80000

100000 $91,494

2011 2012 2013 2014 2015 2011 2012 2013 2014 20150

10000

20000

30000

40000

50000

60000 $52,952

Top 1Q 2015 Sales by Price/Unit

DomusPhoenix, 223 units$51,550,000$231,166/unit$297.68/SFBuilt 2014

IndigoPhoenix, 101 units$18,100,000 $179,208/unit  $143.35/SFBuilt 2014

Trillium NorthPhoenix, 274 units$42,487,000 $155,062/unit  $160.52/SFBuilt 2012

Arcadia Park PlacePhoenix, 13 Units$1,300,000$100,000/unit$58.14/SFBuilt 1964

Top 1Q 2015 Sales by Price/Unit

Dolce Villagio TownhomesTempe, 37 units$7,000,000$189,189/unit$132.95/SFBuilt 2007

Chester Place LoftsPhoenix, 11 units$1,650,000$150,000/unit$145.57/SFBuilt 2008

Transaction=

0 1000 2000 3000 4000 5000

220

4,527

615

3,569

1,668

2011

2012

2013

2014

2015

826