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2009 Commercial Sales Recap

January 21st, 2010

Shelby County recorded 589 commercial sales in 2009, down 31% from 2008.

Average commercial property sales prices are down 31% as well with a total average for the year of $648,000.

Commercial property foreclosures were up 14% for the year but commercial bank sales were down 6% from 2008.

(38118) Oakhaven/Parkway Village saw the most sales with a total of 46 properties valued at $31.7 million.

The largest commercial sale for the year was 40 S Main which sold for $20 million.

Forecasters believe that the commercial market has still not leveled off. Click here to read the latest article from The Daily News.

Be sure to register and attend our first Master Your Market luncheon series on Thursday, February 11th to learn more about the local commercial market, foreclosures, mortgages and more! This $20 luncheon will meet from 11:30AM-12:30PM at the Germantown Athletic Club’s Media Room. Attendees will receive a boxed lunch, a copy of our presentation and our year-end market trend reports.

Seats are limited so register today here or by contacting Wendy Greenlaw at 901-528-5273!

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