This data only includes the 19 small to mid size cities and towns I am interested having investments in.2016 Multi-Family Sales2 Unit Apartment Buildings in my Farm took a dive last year, would have been a good time to buy a 2 unit building but I opted for a 3 unit with better cash flow.59 (2)unit properties soldRed line is the sale price, Blue line is the list priceThe average sale price for the year was close to $65,000The average Discount from list price averaged $9,000Only 10 of the sold properties were purchased at list price or abovePrice per unit was a whopping average of $28,6543 Unit Apartment buildings in my Farm did a little better on price the building I purchased was the last 3 unit in December in 2016 at a 10% discount from the list price and about 11k below market rate at that time.13 (3)unit Buildings soldRed line is sales and the blue line is discount from list price.The average sale price for the year was close to $83,000The average discount from list price was $9,000Only 1 building was purchased at 5k above list priceThe average price per unit was $27,4872017 Multi-Family Sales2 Unit apartment buildings in my farm this year are not suffering as much of a hit to price this year although the average price has continued to drop but only slightly.62 (2)unit Buildings soldRed line is sales and the blue line is discount from list price.The average sale price so far is $58,000The average discount from list price so far is $7,1417 Buildings have sold above list priceThe average price per unit was $30,0003 Unit apartment buildings 201710 (3)unit Building soldRed line is sales and the blue line is discount from list price.The average sale price so far is $75,000The average discount from list price so far is $8,7231 building has sold at list priceThe average price per unit is $25,175SynopsisAlthough there are some minor fluctuations in the NEPA Multi-family market the next chart shows all Multi-Family sales year over year which shows the relative stability of the market.  

The SoCal guy said, "you're never going to lose if you find a deal and keep it for the long term, don't focus so much on short term fluctuations."

Hi DiogoNot sure if you refer to transfer losses or exchange rate fluctuation. 

Though my experience in this particular market over the last 12+ months is that demand is so strong that it somewhere between greatly and entirely diminishes this type of seasonal fluctuation.

At this stage I think we'll probably just go forward with things the way they are and try to get the property paid off in the next 5 yrs so that we don't have to worry about the fluctuating interest rates.This is why we started on such a small scale after all... so we could learn the ins and outs with minimal $ at stake.

Market cap will fluctuate based on supply and demand primarily, then on condition, desirability, local economy, and other similar factors.

If you keep the fluctuation above your profit line then you are going to be looking at a range of IRRs that are all positive. 

You don’t want to be in HELOC forever though as rate is fluctuating so you should use it for short term bridge financing.

The areas that have the highest appreciation also have higher fluctuations in price when the market corrects. 

The noise is not an issue, it is the seasonal fluctuation of visitors that I cannot control.