For example, 51% of the total $370 million worth of apartment sales in 1999 were made by private sources. For the first three quarters of this year, however, 68% of the $209 million in deals done to date have gone to non-institutional purchasers.

"I think that shows private investors continue to see good value in this market," Robert W. Miller, first vice president of CB Richard Ellis Inc.'s Orlando office, tells GlobeSt.com.

Another trend that will surface in Miller's January report are the higher average per-unit sales made in the first nine months of this year versus the same period last year. Through September, 19 sales totaling 4,235 units were valued at $209 million. That equates to $49,350 per unit or an average $1.1 million per sale.