The 4th quarter has turned out to be a bit slower than I expected. I had forecast $11.25 million in sales volume and it does not look like we are going to get there. Sunriver currently has Pending sales of 2 condos, 9 homes and 1 lot, and sold properties 4 condos, 12 homes and 1 lot. Assuming all this business closes before 12/31/10 the total sales volume will be just over $9 million. We could do better than that but I am not counting it.
Buyers are clearly being very careful in this market. The resort real estate market has been very slow now for over 2 years. With the election behind us and hopefully the worst of the economy issues we are looking forward to next year showing some needed improvement in this market.
We are still benefiting from extremely low interest rates and a large inventory of homes to choose from. Caldera Springs has seen several of its more expensive homes sell recently and we continue to see new homes going up as the cost of money and construction are very favorable.
Happy holidays to everyone.
Questions please give me a call or send me and email
John Watkins
jdw48@mac.com
541-390-3600
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