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Buckingham Breakdown – 2020 South Bay Market Overview

Buckingham Breakdown – 2020 South Bay Market Overview

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“Transaction volume in 2020 followed a curve that mirrored the sentiment of investors as we were first surprised by, then learned to operate in, a pandemic market…”

“Despite the wild swings in 2020 sales volume, pricing was surprisingly resilient…”

“Income metrics across the market remained remarkably flat throughout 2020, virtually mirroring 2019’s GRM and Cap rate statistics…”

“Despite expectations of an inventory spike in Spring and Summer of 2020, we saw only a gradual increase in active listings throughout the year, followed by a decrease again in December…”