Sale activity continued to expand in the San Antonio metropolitan area as 62 apartment communities were sold last year, up 44.2 percent from 2011.
The increased transactions were mirrored by dollar volume, which reached $752.7 million by year-end, a 60.5 percent annual increase.
The average price per unit (PPU) increased last year to $55,100, up 16.1 percent from 2011. Positive growth included a 13.3 percent increase in the average price per sf to $63.49 in 2012.
Read more...San Antonio 2012 apartment sales summary via Real Estate Center at Texas A&M