The Evolving Landscape of Multifamily Dwelling Units (MDU’s)
The multifamily dwelling unit (MDU) sector in Phoenix and Mesa has witnessed significant shifts in recent years.
From changing preferences in unit types to the introduction of sophisticated amenities, the MDU landscape is continuously evolving to meet the demands of modern urbanites.
Let’s delve deeper into the current trends and what they signify for potential investors and residents.
The Numbers Speak: Growth Rate and Pricing
While the MDU market in both Phoenix and Mesa continues to grow, the pace has recently seen a noticeable deceleration.
Here’s a snapshot of the recent data:
| Criteria | Phoenix, AZ | Mesa, AZ |
|---|---|---|
| Growth Rate (2019-2021) | 8% | 6% |
| Growth Rate (2021-2023) | 5% | 4% |
| Average Price per Unit | $275,000 | $255,000 |
| Popular MDU Type | Condominiums | Townhouses |
| Amenities Offered | Gym, Pool, Security, Smart Home Technology | Pool, Playground, Pet Spa |
From 2021 to 2023, Phoenix’s MDU market grew at 5%, slightly outpacing Mesa’s 4%.
Compared to the 2019-2021 period, this reduced growth indicates a maturing market.
The average price per unit has surged by $25,000 in both cities, reflecting the increasing demand for upscale living solutions.
Ref – Phoenix Gov – Housing | Mesa Gov – Housing
Changing Preferences: Condominiums vs. Townhouses
Phoenix, known for its urban sprawl and bustling city life, still sees condominiums reigning supreme.
However, a growing affinity for townhouses indicates a shift towards more spacious living solutions.
On the other hand, Mesa, with its suburban charm, now predominantly leans towards townhouses, offering residents a blend of community living with a touch of privacy.
Comparison of MDU Sales in Phoenix vs. Mesa (2019-2022)
While we couldn’t generate the graphs due to technical issues, here’s a breakdown of the MDU sales trends in Phoenix and Mesa:
| Year | Phoenix | Mesa |
|---|---|---|
| 2019 | 3,200 | 3,100 |
| 2020 | 3,400 | 3,200 |
| 2021 | 3,600 | 3,300 |
| 2022 | 3,069 | 2,850 |
Market Overview
The MDU market in Phoenix and Mesa, while growing at a slower pace, is far from stagnant. It’s evolving, adapting, and reshaping to cater to the modern resident’s needs.
Whether it’s the shift from condominiums to townhouses or the introduction of state-of-the-art amenities, the MDU landscape in these Arizona cities promises exciting opportunities for both investors and residents.
HBSB Holdings remains a trusted partner for those involved in this market, offering seamless transactions and a deep understanding of the local real estate dynamics.
Do You Have A Multifamily Dwelling To Sell?
We Buy MDU’s in Mesa & Phoenix For Cash!
Like selling a ‘normal’ house, the whole process can take a considerable time. Selling traditionally often takes months.
This can take even longer with a multi dwelling residential unit.
Do you have the time to wait for that sale? Do you have the patience for it?
Are you facing foreclosure on the unit?
Have you inherited a multidwelling in Phoenix or a multifamily apartment in Mesa? – Do you even live in Arizona?
Mortgage issues or Liens?
Are you looking to relocate and want out from under the unit?
Do you have a troublesome tenant, or worse, tenants? Would you just like to walk away from them?
Or…
Would you like it sold quickly and without the stress and hassle? No commission, no costs, and no fees to pay!
If so, this is where we could come in – we pay cash for MDUs and could do it within 7 days if required.
Get a fair cash offer for your unit or apartment within 24 hours.
Why HBSB Holdings is the Best Choice
for MDU Owners in Phoenix and Mesa
Selling a multifamily dwelling unit (MDU) in Phoenix or Mesa? Do you own an apartment block?
Look no further than HBSB Holdings. Here’s why:
1. Quick Cash Offers On MDU’s
We don’t dilly-dally.
Get a cash offer for your MDU in record time. No waiting for bank approvals or lengthy escrow processes. We have our own money and do not need to involve anyone else except you and us.
2. Experience in the Arizona Market
With years of experience in the Arizona real estate sector, we understand the local market like the back of our hand – Read More About Us and our Experience HERE.
3. No Need To Repair Your Multifamily Dwellings
Sell your MDU As-Is.
Whether it’s brand new or has seen better days, we’re interested.
There is no need to find the time or the money for repairs, upgrades, renovations, or staging; we can take it off your hands exactly as it stands!
4. Hassle-Free Process
No open houses. No multiple showings. No staging. It’s just a straightforward sale directly to us; nobody else is involved!
Remove all the hassle and stress. Just sell to us!
5. We Understand MDUs – Local AZ Experts.
Not all buyers understand the intricacies of MDUs. We do. And that’s why we can offer you the best deal.
Get a cash offer today – there is no obligation whatsoever, so you have nothing to lose!
Sell Your Phoenix Multi-Family Unit Today!
Get Cash For Your Mesa MDU
If you own a multifamily dwelling unit in Phoenix or Mesa and are considering selling, HBSB Holdings is your best bet.
We offer a seamless, hassle-free process, ensuring you get the best value for your property.
Contact us today and experience the HBSB difference – Fill In The Form Below: