Listing success rates for the Dane County Commercial market were at or above 24% during the first 6 years of the decade. Success rates then decreased over the next 3 years and ended at 14% in the year 2008.
That trend continued in 2009. As of November 30th, the listing success rate over the prior 12 months was 6.8%.
Comparing the success rate to the success rates from other forms of Dane County real estate puts the commercial market in perspective.
* commercial success rate = 6.8%
* multifamily success rate = 19.8%
* condo success rate = 38.3%
* single family home success rate = 57%
For more on the latest commercial real estate trends, you can check out our commercial real estate update on the economic trends page at DaneCountyMarket.com .
Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com
Thursday, December 31, 2009
Listing success rates say a lot about the Dane County commercial real estate market
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1 comment:
Thank you for posting the link on the real estate trends and updates found on your site.
I appreciate the information it imparted.
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