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Third Quarter Commercial Market Update

October 22nd, 2009

Overall commercial sales for the third quarter were down 21% from the same quarter of 2008.  There were 138 sales totalling $73,869,926.

Midtown (38104) had the most sales with 11 properties totaling over $3.6 million. Hickory Hill North (38115) had the highest revenue with 5 sales totalling over $13 million.

The largest commercial property sale was a 2-story truck terminal in 38118 for $4,150,000.

There were 32 commercial foreclosures for the quarter with an average foreclosure amount of $28,479. West Person/Elvis Presley had the most foreclosures with 5 Bank-Sales and an average foreclosure amount of $13,240. Midtown (31804) had the highest average foreclosure amount at $130,768 with 2 foreclosures.

Click here to read the latest article on the commercial sales from The Daily News.

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