30 days ago I forecasted that we would have 19 closed sales in the 2nd quarter, we had 19 sales. The total value of those sales was $6.3 million. These numbers represent a 66% reduction in volume of business in relation to Q2 08. The average sales price as a % of list price was at 92% which has held steady for the last 2 quarters. We still have not seen any $1 million homes change hands this year in Sunriver.
As for Q3 09 we are starting the quarter with 10 pending deals for a total of $3.3 million. Q3 08 had a volume of $12.5 million and 25 transactions. We have seen an up tick in traffic, so I do think we have a good chance at matching or exceeding that dollar volume this quarter.
Our inventory is up and the prices are the best we have seen in years. Now is the time to buy.
Check out my website at www.benningtonproperties.com/bennington_homes_for_sale.htm
Thursday, July 2, 2009
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