TOTAL SALES VOLUMES

TAMPA: $2.13 Billion

ORLANDO: $2.08 Billion BROWARD: $1.65 Billion

PALM BEACH: $1.46 Billion MIAMI DADE: $1.00 Billion

JACKSONVILLE: $655 Million

TRANSACTIONS

TAMPA: 83

ORLANDO: 65 BROWARD: 36

JACKSONVILLE: 34 PALM BEACH: 31 MIAMI-DADE: 21

AVERAGE PRICE/UNIT

MIAMI DADE: $165,873

PALM BEACH: $160,859 BROWARD: $152,075 ORLANDO: $106,573

TAMPA: $90,043 JACKSONVILLE: $73,074

HIGHEST PRICE/UNIT

PALM BEACH: $392,851

BROWARD: $389,754 ORLANDO: $328,054

MIAMI DADE: $298,571 TAMPA: $259,002

JACKSONVILLE: $206,870

SALES OVER $200,000/UNIT

BROWARD: 11

PALM BEACH: 10 MIAMI-DADE: 8

ORLANDO: 4 TAMPA: 2

JACKSONVILLE: 1

UNITS SOLD

TAMPA: 22,615

ORLANDO: 19,215 BROWARD: 9,893

JACKSONVILLE: 9,028 PALM BEACH: 8,913 MIAMI-DADE: 5,821

AVERAGE PRICE PER DEAL

MIAMI DADE: $47.9 Million

PALM BEACH: $47.3 Million BROWARD: $45.7 Million ORLANDO: $32.0 Million

TAMPA: $25.6 Million JACKSONVILLE: $19.3 Million

CRITERIA: OVER 100 UNITS & GREATER THAN $1.0 MILLION

SOURCE: REAL CAPITAL ANALYTICS & COSTAR PROPERTY

2015 APARTMENT PRICING TRENDS

RANKING FLORIDA’S MOST ACTIVE

METRO MARKETS

CAPSTONE VALUATION ADVISORS | MULTI-HOUSING PRACTICE GROUP

MARKET FACT: THE TOP 6 MARKETS ACHIEVED SALES THAT EXCEEDED $200,000 PER UNIT

TOTAL SALES VOLUMES

In 2015, the capital flowed into Florida, as the top six markets

generated total sales nearing $9.0 Billion. The capital flow has also

begun to shift from inside the US to foreign investment groups as

they are a major player in the apartment space.

TRANSACTIONS

The Tampa market was the most active in

terms of the number apartment sales with 83, followed by the

Orlando market with 65 transactions.

AVERAGE PRICE/UNIT

The South Florida markets flexed their muscles in the

second half of 2015 as Miami Dade, Palm Beach and

Broward Counties all recorded the highest average sale price

per unit in 2015.

HIGHEST PRICE/UNIT

Pricing for apartments across all markets exceeded their

peak levels in 2014 with three of the top six exceeding pricing of over $300,000 per unit and all six markets with sales over

$200,000 per unit.

SALES OVER $200,000/UNIT

The South Florida mar-kets continued to achieve

the highest number of sales that broke the

$200,000 per unit mark, led by Broward County

with 11.

UNITS SOLD

The Tampa and Orlando markets significantly

outpaced the other top Florida markets by a

wide margin in terms of total units sold in 2015.

AVERAGE PRICE PER DEAL

With Tampa and Orlando gener-ating a significantly higher number of sales, these same markets also

provide the greatest value to inves-tors. But the South Florida markets top the list for the highest pricing

on a per deal basis.

CRITERIA: OVER 100 UNITS & GREATER THAN $1.0 MILLION

SOURCE: REAL CAPITAL ANALYTICS & COSTAR PROPERTY

2015 APARTMENT PRICING TRENDS

RANKING FLORIDA’S MOST ACTIVE

METRO MARKETS

CAPSTONE VALUATION ADVISORS | MULTI-HOUSING PRACTICE GROUP

MARKET FACT: TAMPA & ORLANDO WERE THE MOST ACTIVE MARKETS FOR 2015