Dec 03, 2020 - 0 Comments - Trends -

Chart: Miami Commercial Real Estate Sales to List Price Ratio Edges Up to Highest Level Since Q1 ~ November 2020 MLS

Miami Association of Realtors January 2010 to November 2020 Sales to List Price Ratio for Commercial/Industrial Property Type Classification within Miami-Dade County and Price from $1 Million to $10 Million

The sales to list price ratio as reported by the Miami MLS for improved commercial real estate within Miami-Dade County from $1 million to $10 million edged up in November to 93%, the highest level since the 94.5% ration in March of the same year. after a dip in September. This puts this ratio in the upper part of the range so far in 2020. This ratio is in line with anecdotal evidence of pricing holding relatively firm, at least for the properties that are trading, in the face of COVID-19.