We are now 2 months into the new year. The activity level has picked up significantly in February and we have gone from 13 properties under contract at the end of January to 28 at the end of February. We have gone from 0 closed transactions to 8 closed transactions. Assuming we could close all the the currently pending transaction this quarter we would come in at about $9.7 million in volume for the quarter. That is of course not very likely, we will most likely come in around $6-7 Million. The homes that have sold and closed so far this year are running at 95% of sales price and $170 per sqft. I do not expect these number to hold and I think our market is more in the $180-200 per sqft range once the quarters numbers are all in.
The inventory in Sunriver is at the lowest point ( 116 homes) of the year right now and we will start to see a large number of new listings coming on the market over the next few months. I believe we are going to see a good selling season this year as the economy continues to improve and unemployment inches lower.
If you have any questions about buying, selling, listing, renting or just have a question don't hesitate to call me or send email.
John Watkins
jdw48@mac.com
541-390-3600
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment