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Apartment prices continue to slide this year. Peaking at an average $126,000 a unit in 2008, prices slipped to $119,000 last year. So far this year they average $112,000 a unit.
These trends are for 5-unit and larger apartment sales in the Tri-county market (King, Pierce, and Snohomish counties), taken from our Apartment Investment Report's online database, which is updated almost every Friday morning. It was updated this morning and mow includes sales as recent as March 1st.
Investors have become a lot more conservative in the past couple of years. They're looking for higher yields to offset increased market and interest rate risk. Here's what's happening.
