Total transaction volume declined to $71.02 billion in second quarter 2013 from $74.31 billion in the previous quarter on a quarterly basis according to Real Capital Analytics
(RCA). However, volume for the individual property types (with the exception of the apartment sector) increased on a quarterly basis.
In addition, on a year-over-year basis, the total volume increased in second quarter 2013, along with the volume for each property type (except for the apartment sector). The year-over-year volume for the hotel and office sectors increased quite significantly compared to the volume for the other property sectors.
On a quarterly basis, the average price per square foot/unit increased for the office, retail, and hotel sectors in second quarter 2013, while the price for the industrial sector remained unchanged and the price for the apartment sector declined, according to RCA. Although average prices for the retail, office, and apartment sectors spiked in fourth quarter 2012, prices have come back down to what investors have come to expect in the past few years.
However, on a year-over-year basis, the average price per square foot/unit increased for each property type in second quarter, and particularly for the hotel sector.
Please read more about Q3 performance for Office, Industrial, Apartments, Retail and Hotel RCMI_3Q13
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