Market Monday: February 2020 Multi Family

Verani Commercial

Multi Family Market Monday update!

While the multi family market remains strong into 2020, February did see a little dip in average selling price AND the number of 4+units sold.

Southern New Hampshire (from Charlestown to Concord to Rochester) remains the hub of the multifamily market, with 7 out of the 11 February sales coming from the region. In Manchester the vacancy rate dipped to under 1%, so the expected influx of new apartment units being built is a welcome change to the area.

With an average building sale price of $301,258 and an average total units sold of 4.73, the price per unit remained pretty close to January's number at $63,691. In 2019 The average price per unit for a 4-unit apartment in Manchester was $92,299.

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  1. 2020
    1. March (6)
    2. February (2)
    3. January (1)
  2. 2019
    1. December (1)
    2. November (1)
    3. October (2)
    4. September (2)
    5. August (3)
    6. July (1)
    7. June (1)
    8. February (1)