Jul 03, 2020 - 0 Comments - Trends -

Chart: Miami Commercial Real Estate Sales to List Price Ratio Strong in June ~ MLS

Miami Association of Realtors January 2018 to May 2020 Sales to List Price Ratio Property Types Land-Commercial/Business/Agricultural/Industrial, Commercial/Industrial Miami-Dade County Calculated from 8,338 commercial property listings

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 be declining. Here is the chart for that.

Miami Association of Realtors January 2018 to May 2020 Sales to Original Price Ratio Property Types Land-Commercial/Business/Agricultural/Industrial, Commercial/Industrial Miami-Dade County Calculated from 8,338 commercial property listings

OK, scratch that idea. So far, likely fueled by the low cost of financing, commercial property prices remain strong.