Trends in Commercial Real Estate - Repeat Sales

Measuring appreciation in commercial real estate is challenging. Sales are less frequent than in the residential market, and properties are often unique, making it harder to determine how much prices are rising or falling.

One useful method is to track repeat sales, which are properties that have sold more than once.

The chart below shows how individual properties in the local market have changed in price over time, and it gives an indication of how the market has moved over the past 20 years locally.

Each line represents a property, with the first sale indexed to 100. The lines show how prices moved between the first and second sale. The sales used are any improved property type and are limited to sales that represent an unchanged asset between the two sales. The most recent transactions have been fewer, and it has been difficult to track changes over the past 24 months.