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Commercial Stats and Economic Information
Commercial MLS Sold Statistics: January 2012 - March 2012
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Total Sold |
Average Price |
Median Price |
Total Dollar
Value |
Average Days
on Market |
Total New
For Sale Listings |
| Office |
15 |
150,736
|
110,000 |
2,261,043 |
350 |
58 |
| Retail |
8 |
306,188 |
227,750 |
2,449,500 |
405 |
36 |
|
Industrial |
3 |
180,000 |
125,000 |
540,000 |
93 |
25 |
| Multi
Family |
1 |
590,000 |
590,000 |
590,000 |
77 |
5 |
| Land |
5 |
345,260 |
175,000 |
1,726,300 |
614 |
129 |
| Total |
32 |
314,437 |
245,550 |
7,566,843 |
308 |
253 |
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Total RCASENC Membership as of 3/31/12 = 318 |
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Total
Sold |
Average
Price Per QTR |
Median
Price Per QTR |
Total
Dollar Value |
Average
Days on Market |
Total
New For Sale Listings |
| 2011
4th |
10 |
318,363 |
171,313, |
3,183,625 |
322 |
40 |
| 2012
1st |
15 |
150,736 |
110,000 |
2,261,043 |
350 |
58 |
|
Difference |
5 |
-167,627 |
-61,313 |
-922,582 |
28 |
18 |
|
Office Sale % Change |
50 |
-53 |
-36 |
-29 |
9 |
45 |
|
|
|
|
|
|
|
|
| 2011
4th |
9 |
492,494 |
500,000 |
4,432,450 |
257 |
23 |
| 2012
1st |
8 |
306,188 |
227,750 |
2,449,500 |
405 |
36 |
|
Difference |
-1 |
-186,306 |
-272,250 |
-1,982,950 |
148 |
13 |
|
Retail Sale % Change |
-11 |
-38 |
-54 |
-45 |
58 |
57 |
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|
|
|
|
|
|
|
| 2011 4th |
8 |
609,500 |
149,500 |
4,876,000 |
319 |
17 |
| 2012
1st |
3 |
180,000 |
125,000 |
540,000 |
93 |
25 |
|
Difference |
-5 |
-429,500 |
-24,500 |
-4,336,000 |
-226 |
8 |
|
Industrial Sale % Change |
-63 |
-70 |
-16 |
-89 |
-71 |
47 |
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|
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|
| 2011
4th |
23 |
0 |
0 |
0 |
243 |
3 |
| 2012
1st |
1 |
590,000 |
590,000 |
590,000 |
77 |
5 |
|
Difference |
-22 |
590,000 |
590,000 |
590,000 |
-166 |
2 |
|
Multifamily % Change |
-96 |
|
|
|
-68 |
67 |
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|
|
|
|
|
|
|
| 2011
4th |
7 |
419,779 |
286,950 |
2,938,450 |
504 |
77 |
| 2012
1st |
5 |
245,260 |
175,000 |
1,726,300 |
614 |
129 |
|
Difference |
-2 |
-74,519 |
-111,950 |
-1,212,150 |
110 |
52 |
| Land
Sale % Change |
-29 |
-18 |
-39 |
-41 |
22 |
68 |
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Economic Reports, Concepts
and Explanations
Commercial Real Estate Outlook
This report includes details on individual markets, vacancy-rate tables and
more based on the most current information the National RCA has available.
Second Quarter 2011 Highlights
Commercial
real estate markets are stabilizing and job creation is boosting demand for
commercial space. The economy should be adding between 1.5 and 2 million
jobs annually both this year and next, with the unemployment rate falling to
8 percent by the end of next year.
With low levels of new
construction in recent years, the rising demand means vacancy rates will be
trending down in commercial real estate sectors. Individual markets are now
stabilizing and in some cases rising.
- Vacancy rates in the
office market are expected to fall a full percentage point, reaching
15.3 percent a year from now.
- Industrial vacancy rates
are expected to decline nearly a percentage point to 13 percent in the
second quarter of 2012.
- Retail vacancy rates are
forecast to decline a half of a percentage point to 12.6 percent a year
from now.
- The apartment rental
market—multifamily housing—is continuing to tighten as household
formation grows. Apartment vacancy rates should drop 1.1 percentage
points to 4.7 percent in the second quarter of 2012—anything below 5
percent is considered a landlord's market.
Commercial Real Estate
Market Survey: April 2011 The REALTORS® Commercial Real
Estate Market Survey is a new quarterly project from Research that measures
activity in the commercial real estate markets. The survey collects data
from commercial REALTORS®, and is designed to provide members with an
overview of the market performance, sales and rental transactions, current
economic challenges, and future expectations.
2011
Commercial Real Estate Lending Survey In March 2011, the
National Association of REALTORS® conducted a survey of commercial real
estate members focused on assessing how lending conditions impacted
commercial transactions.
We invited a random sample of 56,000
REALTORS® with an interest in commercial real estate to fill out an on-line
survey consisting of 12 questions. A total of 525 responses were received
for an overall response rate of 0.9 percent.
Report Highlights:
- More than 70 percent of REALTORS® name lack of available financing
as a major obstacle for commercial real estate this year.
- Some 87 percent of the practitioners surveyed said it has impacted
clients’ decisions in 2011.
- 59 percent of respondents reported a failed transaction in the last
year due to financing difficulties.
Regional Business Outlook Monthly regional survey of business
activity in the Carolinas conducted by the Federal Reserve Bank of Richmond.
Economic
Indicators NAR's analysis of housing and economic indicators provides
real estate professionals with tools to interpret the market and apply that
knowledge to their business. In addition to NAR’s own existing-home sales
series, NAR Research monitors other indicators such as new-home sales,
housing starts, producer prices, mortgage rates and more.
General Economic Concepts and Their Impact These concepts give a
broad overview of terms used to describe the economy and discussions on
where the economy is headed. Each concept stands alone but all of them
provide insight into what factors are affecting the housing market.
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