One month ago we had 35 transactions on the books ( sold and Pending) for the quarter. We ended up closing 35 transaction in Q2 2011 for a total $ volume of $11,435, 710. This was a nice up-tick from Q1 numbers, which was an up-tick from Q4 2010 numbers. Maybe we have something going here. We sold 26 homes in Q2 2011 at an average of $373K. The good news was a significant drop in the days on the market to 192. This is reflected by both the increased sales and a smaller inventory.
The high end of the market continues to be very slow as the most expensive home sold in Sunriver in Q2 2011 was $641K. We have some fantastic homes on the market in the $800K to $1 million range. I will be very surprised if we don't see some action there this year.
Sunriver is very busy right now and Bennington Properties rentals are having the best year they have had since 2008. There does seem to be a lot of buyers in the market for Sunriver homes and I am assuming that Q3 2011 is going to be yet another improving quarter for sales volume. We have 19 deals on the books, (sold or pending) as of July 10, 2011 for a total of over $5 million in volume. Thats only 10 days into the quarter!!
The new aquatic center (S.H.A.R.K.) is going up at light speed and is really creating a buzz. It looks like it really will be on time for a Memorial Day 2012 opening. I wrote the real estate article for the Sunriver Scene for August, watch for it, it has complete charts and data for the last 3 years by quarter.
Thanks, John.
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