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 Realty
Elifin Realty
marketing@elifinrealty.com
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