With the addition of 12 new deals in November 2009 the total potential for Q4 2009 has gone up to 43 transactions. Now I am sure they will not all close before the end of December but we have already done 27 deals this quarter, so we will surely beat last year as we only did 27 all quarter. We have 16 pending deals that could close before 12/31/09. That would give us over $16 million in volume, but as I already pointed out that is unlikely, but getting over last years $14.3 million is not out of the question. These numbers are for homes and lots, and do not include condo's. Condo sales continue to be very slow.
The good news here is that we are getting traffic and they are buying. Q4 will hopefully push a nice carry over of pending deals into Q1 10 and keep the momentum into next year. All the national numbers are showing continued improvement and interest rate are still below 5%.
Lets hope the holiday's and early snow in the mountains bring in the buyers!!!
Happy holidays.
John.
Monday, November 30, 2009
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