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Attachment 5 1 1 <br />• There have been only 46 qualified commercial sales of both land only and improved properties <br />recorded from January 2009 through mid-September 2010. Of these, 10 are outside Carrboro- <br />Chapel Hill township and have a median sales ratio of 1.00 which would suggest through this <br />limited sample that commercial properties' values out in the "county" have held relatively <br />stable since 1/1/2009. <br />Of the 36 remaining sales around Carrboro-Chapel Hill, the median ratio is .99 which also <br />suggests overall stability in value for that area as well. Of these 36 sales , 10 are office condo <br />sales which represents the only commercial sector that shows a discernable pattern of declining <br />values (probably due to the glut and availability of office space, including new office space, in <br />that area). <br />Roger Gunn, Appraiser II <br />Specialization -Commercial Appraisal <br />• <br /> <br />