Sale activity of large of apartment communities continues to improve. During the first three quarters of 2012 investors purchased 49 apartment communities of 50 or more units in the seven county Denver metro area. According to Costar and published announcements from brokers, sales volume totaled $1, million for 11,557 units or $93,415/unit average. Following the financial crisis and resulting economic slowdown in 2008, average unit prices decreased dramatically along with the sales volume. That situation began to change in 2011 as that year experienced the highest average unit sale price, reflecting investor confidence in the Denver apartment market
