Three weeks ago when I finished and submitted my Sunriver Scene article for the month of April I forecast that we would have 25 closed deals and $12.25 million in sales for the first quarter. Well I was way short, we closed 32 deals for a total volume of $13.7 million for the quarter which gave us a 100% increase over last years number of $6.7 million.
The good new continues as we have 14 pending deals already for Q2 2010 totaling $6.16 million. This number is already almost equal to the $6.8 million we did in Q2 of 2009, so it looks like we are going to continue to blow away the quarter over quarter numbers for Sunriver.
We have moved up from around 130 homes on the market at the end of the year to about 160 currently. I do expect to see a continued increase in the number of homes listed as we move through the second quarter. With the Fed getting out of the mortgage buying business I do expect to see interest rates rise about 1/2 a point over the next month or so, but homes are still at bargain prices in Sunriver.
Saturday, April 3, 2010
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