Commercial Real Estate Sees Seventh Consecutive Monthly Price Increase in November

Summary: CoStar reports a 6% monthly gain in November 2011 by measuring 738 repeat sales in that month. Distressed sales as a percentage of these repeat sales also decreased. This indicates that the U.S. commercial real estate market is slowly improving.

 Key Quotes: Demonstrated in graphs today.

A repeat sale index approach measures changes in price for specific commercial properties as they re-sell over time. It basically tracks price differentials. I think this approach excludes re-sales within a single year, but don't quote me on that. Can some alert reader verify that? It is a good approach because it calculates the statistical significance of price increases rather than going by reported appreciation.

Read the full article at: Latest CoStar Commercial Repeat-Sale Analysis: Commercial Real Estate Sees Seventh Consecutive Monthly Price Increase in November

A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga