PropertyShark.com Releases First Quarter 2008 Multifamily Investment Property Report; Transactions Plummet in New York City, Los Angeles, and San Fran
Key high Level Findings include number of multifamily sales declined sharply compared to the first quarter of 2007 for San Francisco, New York City, and Los Angeles; median sale price drops for multifamily properties in San Francisco and Los Angeles, but stays steady in New York City; the median price per square foot for multifamily properties continued its downward trend compared to the first quarter of 2007 in San Francisco, New York City, and Los Angeles.