Kidder Mathews has released its Q4 2025 Eastern Washington Apartment Market Dynamics report—offering an in-depth look at trends and the latest sales data across 20 counties including Spokane, Benton, Franklin, Chelan, and Yakima. Compiled by Vice President Max Frame of Kidder Mathews’ Simon | Anderson Multifamily Team, the study provides valuable insights on each submarket to help guide investment decisions.
“We’re finally seeing the return of consistent deal flow, and that’s giving both buyers and sellers a clearer view of where values stand,” said Frame. “For owners, this is the moment to assess operations and make adjustments that can drive better outcomes next year.”
Key insights from the study include:
- Pickup in activity: After a slow Q2 featuring just seven sales—the lowest quarterly total since 2013—Q3 saw a significant rebound, recording 18 closed transactions in Eastern Washington.
- Price per unit: While overall pricing remained strong at an average of $147K per unit, this was driven by continued demand and aggressive pricing for 1980s and newer assets. Properties built in the 1970s and earlier traded at an average of $103K per unit.
- Operational performance: Buyers are placing greater weight on historical operating data. Clear, well-documented performance gives owners a stronger understanding of how their properties compare in today’s market.
- Market momentum: The Simon | Anderson Multifamily Team has seen a noticeable pickup in activity since summer, with eight Eastern Washington sales and 21 statewide sales since August, a positive indicator of continued momentum into next year.
Download the Q4 2025 Eastern Washington Apartment Market Dynamics report here.
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 and purchase of apartment buildings and development land across the entire State of Washington. The team of 12 brokerage professionals specializes in the sale and purchasing 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 fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 53 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
Read the full report at the link below.
Contact
Simon | Anderson Multifamily Investments Team
Max Frame, Vice President
Dylan Simon, Executive Vice President
Jerrid Anderson, Executive Vice President
Matt Laird, First Vice President
Elijah Piper, Vice President
Matt Johnston, Vice President
JD Fuller, Associate
Jack Shephard, Associate
Tony Herrmann, Associate
Keagan Barnwell, Associate