Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Another good piece of data for real estate markets in the PNW

Clay Sparkman

This from a recent article in The Puget Sound Business Journal:

“Sales of larger apartment buildings in King County are on the upswing, setting a record average price per square foot in 2011, according to data supplied by Dupre + Scott Apartment Advisors Inc.

Investors last year paid an average price of $136,509 per unit for apartment complexes with 20 or more units in King County, Dupre + Scott data show. That’s the highest price paid in more than a decade, topping the average price of $135,371 per unit set in 2007.

That record price is especially surprising considering sales are still well below their 2005 peak …”

Good news for Pacific Northwest real estate markets continues to mount. Let’s hope it (the market) continues to follow the recent indicators.

— Clay (clay@privatemoneysource.com, 503-476-2909 or 800-971-1858)

Clay is Vice President of Fairfield Financial, a primary source for private money loans since 1964.  Fairfield works with a broad range of private money investors, in a broker capacity, finding, underwriting, presenting, closing, servicing, and when necessary, assisting in the workout of difficult loans.

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