Multi unit homes on the rise

Multi unit homes on the rise

Many years ago investing in a multi unit property (2 units or more) was a wise investment.  It was easy to get financing and the values were rising quickly.  Sadly, for many this story ends with thousands of people investing in properties and not being able to manage or keep them.   Now, things seem to be slowly improving.  Below is the multi unit sales data for Dover  2014.

The average days on the market for a multi unit property in Dover is 91.  The average sales price this year is $252,332.  Hopefully we  can continue to see a rebound in the multi family housing market.  Dover continues to be attractive for folks looking toing rent. The city has terrific quality of life programs for individuals and families.  If your thinking of purchasing give Dave a call.

GradTotal: TOT LP: $9,791,800 HI: $595,000 LO: $100,000 MEDIAN: $242,450 AVG: 271,994  DM: 6 TOT SP: $9,083,960 HI: $580,000 LO: $63,500 MEDIAN: $227,500 AVG: $252,332 AVG DM: 91