The sales to list price ratio as reported by the Miami MLS for improved commercial property in Miami-Dade County from $1 million to $10 million dipped in September. September’s recorded ratio of 86.3% is the lowest level recorded since February 2015’s 84.9% number. This follows a dip two months prior that, though a slightly better […]
Embedded above is the chart for the trailing two years, specifically the period from October 2018 to September 2020, of closed sales of Miami-Dade commercial property, both improved commercial property (with buildings) and vacant commercial land, recorded in the Miami MLS. September 2020 was, again, a strong month, only a bit off from sales in […]
After dipping a touch, just enough to make some market players wonder what it might mean, the sales to list price ratio as reported by the Miami MLS, rebounded right back to around 92%, very much in line with where is has generally been for the past few years. This ratio has held up well […]
Looking at the chart of two year trailing closed sales of Miami-Dade commercial properties, both improved and vacant land, thus for the period from September 2018 to August 2020, sales reached the highest level of this year. Given that COVID really began to impact markets in February, these numbers thus could be said to exceed […]
The sales to list price ratio as reported by the Miami MLS, after having held up well as coronavirus hit, reached its lowest level in a number of years for properties classified as commercial/industrial with prices from $1 million to $10 million. That this ratio held up so well as-if-nothing to this point is at […]
Video 1 of 2: Video 2 of 2: In these videos CRE Counselors Global Chair Michel Couillard discusses his firm’s report on the Top Ten Issues Affecting Real Estate with the host of America’s Commercial Real Estate Show. As you might guess, (1) COVID-19 is at the top of this year’s list. Other top issues […]
The sales to list price ratio strengthened in June to nearly 96.5%, not a bad number even pre-pandemic, but a great one within it. A statistically minded person might note that list prices might have come down, thus making this ratio less insightful, less positive. If so, then the closing price to original price should […]
In the above chart one can see that the number of commercial property sales in Miami-Dade county, aka the Miami, Florida metro area, for both improved and vacant land that were recorded in the Miami Realtors MLS, rebounded in the month of June to the lower end of a band that sales fluctuated within pre-pandemic. […]
The Executive Committee guides the Miami DDA’s efforts to fulfill its mission to grow, strengthen, and promote the economic health and vitality of Downtown Miami, which of course benefits area commercial real estate investors. This is a video recording of its Executive Committee virtual meeting held on June 18, 2020.
Video 1 of 2: Video 2 of 2: In this two part video series, CCIM Chief Economist K.C. Conway, CCIM, MAI, CRE, joins the host of America’s Commercial Real Estate Show to discuss what to expect move forward. Among the discussions expectations for jobs, property values, and economic recovery timing. He notes he is particularly […]
The chart above shows the number of commercial property sales in Miami-Dade county, frequently considered as the general Miami, Florida metro area, for both improved and vacant land that were recorded in the Miami Realtors MLS from January 2018 to May 2020. Though MLS only picks up a portion of commercial property sales, and thus […]
Last month we noted that though one month does not say much it was worth noting that commercial properties traded at a somewhat normal price in relation to listing price in the COVID-19 affected month of April. Now we have, as can be seen in the chart above, another month with this ratio holding fairly […]
Almost to the minute I posted about how commercial property inquiries had gone over a cliff, noting it as worthy of duh-chuckle categorization, inquiries began to rebound. This one could go in the category of “Whuuut?” As I mentioned in that prior post, if you know me, you know I’m a data hound. I collect […]
Granted, one month does not a recession make. However it is worth noting that commercial properties traded at a somewhat normal price in relation to listing price in the COVID-19 troubled month of April, as can be seen in the chart above. Sure, this ratio is lower that the prior month, but only a bit, […]
Miami Association of Realtor’s MLS commercial sales, charted above, may not be representative of all commercial sales, but they are representative of a level of sales such that one period can be compared to another. In the accompanying chart, one can see that closed transactions declined by 2/3 in April 2020, to 40, from a […]
I considered setting up a new topic category for this called “duh.” Chuckle. If you know me, you know I’m a bit of a data hound. I collect and manipulate data as a tool. One set of data I maintain is various types of selling activity, which I log throughout each day. It isn’t perfect, […]
