Commercial Sales Report – November 2020

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The number of all commercial sales is in line with the historical average at 330 YTD 2020 (down only -3.28% from the average YTD over the last 5 years).

Dollar volume of all commercial sales is at a 5-year low at $369.6 million YTD 2020 (down -31.25% from the average YTD over the last 5 years).

Land sale volume in the month of November alone makes up 39% of the current YTD ($26.88 million in November, $69.38 million YTD 2020).

The retail sector continues to report a high number of transactions throughout 2020 (current YTD number of transactions is 15.5% higher than the previous 5-year high in 2018).

Multifamily dollar volume is markedly lower than previous years with $80.2 million YTD 2020 (down -58.64% from the average YTD over the last 5 years).

While the office sector reports lower than average transaction volume, the average price per SF remains in line with historical data over the last five years.

ELIFIN®
Elifin Realty
marketing@elifinrealty.com
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