Houston apartment sales increased 45.2 percent from 2011 with 167 properties sold in 2012. The largest growth was among the sale of apartment communities with 100 or more units, rising 49 percent from the previous year.
For the second year, dollar volume increased by nearly 16 percent to surpass $1.4 billion in 2012.
The average price per unit increased 17.2 percent to $55,100. The average price per sf for all properties increased by 20.9 percent to reach $68.66 by year-end 2012.
Read more...Houston 2012 apartment sales summary via Real Estate Center at Texas A&M