We are 1 month in the 3rd quarter of 2011. It has felt very busy so far this quarter and the weather has finally turned to perfection. We have 26 deals on the books for the quarter so far, for a total of approximately $7 million of transaction value. There are 13 homes and 12 condo’s & timeshares and 1 lot.
The stats on the 13 homes are as follows, days on the market are down to around 130 from 193 last quarter and 242 last year. If that holds up that is big. Price per sqft is right at $192, exactly what it was last quarter, another indication that we may be at the bottom of this cycle. Average sales price is up around $400k, last quarter was $373K. We are still very early in the quarter, but I do believe we will show an improvement over last quarter and hopefully an improvement over the 3rd quarter which is going to take selling 28-30 homes this quarter.
If you have been in Sunriver recently you have seen how fast the new aquatic center is going up. It is really creating a buzz and I feel strongly that it is helping us sell property. They are giving tours on the weekends, you can sign up on the SROA website. The place is going to be amazing.
Questions, comments, send me an email
Thanks, John
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