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Apartment Sales Raising the Roof

SAN DIEGO, CA-Investor demand has pushed apartment sales in the region to the highest level in 17 years, according to a new report by Burnham Real Estate Services, which points out that a total of 335 apartment sales occurred during the second quarter of this year.

By Erin Cassin | Updated on September 13, 2002

SAN DIEGO, CA-Investor demand has pushed apartment sales in San Diego County through the roof, as a new report says they reached the highest level in 17 years this past quarter.

According to the report, published by Burnham Real Estate Services, a total of 335 apartment sales occurred during the second quarter of this year. Sales activity has not reached such a fevered pitch since the second quarter of 1989, when 398 projects were sold. Last quarter’s level of activity reflects a 12.4% increase over the same period in 2001, when 298 multifamily projects changed hands.

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