Kidder Mathews’ multifamily team led by Dylan Simon and Jerrid Anderson has released third quarter research on the Eastern Washington apartment market showing that pricing there continues to grow. In Q2 2021, the market saw an average sale price of $103,000 per unit. In Q2 2022, that average increased to $139,000 per unit.
The Q3 2022 Eastern Washington Apartment Market Dynamics report analyzes trends and the latest sales data for Chelan, Douglas, Kittitas, Yakima, Grant, Lincoln, Adams, Franklin, Benton, Walla Walla, Spokane, and Whitman Counties. The report offers insights on each submarket to help guide investment decisions.
“While interest rates seemed to skyrocket overnight, we are not seeing a slowdown in the Eastern Washington apartment market. Between low vacancy rates and rising rents, we expect to see continued buyer demand,” said Max Frame, Kidder Mathews Eastern Washington multifamily specialist.
Download a digital copy of the full Q3 2022 Eastern Washington Apartment Market Dynamics report at simonandersonteam.com/market-updates.
About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, Max combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Max works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.
About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale, purchase, and financing of apartment buildings and development land across the entire State of Washington. The team of 10 brokerage professionals specializes in sale and financing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 62 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.
