Commercial Sales Report – December 2020

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December 2020 brought the total number of commercial sales in EBR Parish to 370, narrowly edging out 2019’s total sales number of 368 and closing out 2020 only 1.70% down from the 5-year moving average.

The overall dollar volume of commercial sales in 2020 saw a 15.1% decrease from 2019.

Transactions in December 2020 lifted the total $ volume for the year just above the 5-year low in 2016 ($498.6 million in 2020 vs $494.3 million in 2016).

The Multifamily sector experienced the largest decrease in number of sales and $ volume over 2020 compared to the previous 5 years. However, the average price/unit sold has hit a new 5-year high at $55,999 per unit as of year end 2020.

The Retail sector saw a significant increase in activity in 2020 with 108 sales, marking a 5-year high. The total dollar volume and average price per square foot held steady near the 5-year averages.

Elifin Realty
Elifin Realty
marketing@elifinrealty.com
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