We are 2 months into the first quarter of 2010 and we are having a great quarter. We have closed 21 transactions in Sunriver for a total of $9.47million. The average price per home was $451K and the % of average sales price was 93%. We have 13 pending transactions on the books that could still close this quarter giving us the potential to do as much as $15.3 million this quarter. Last year we closed 20 transaction for a total of $9.55 million. Buyers are taking advantage of the low interest rates and a good selection of nicely priced homes currently available.
The activity in Caldera and Crosswater has also picked up. Crosswater has one bank owned property pending and Caldera has 2 sold lots and one pending and 1 cabin pending and 1 home sold. The showing volume and interest in both areas has picked up significantly.
We are still expecting to see a large number of new listing come on the market in the coming months and everyone assumes we will see some upward pressure on interest rates by the end of the summer.
Send me your questions and comments.
John
Tuesday, March 2, 2010
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