We are 2 months into the 3rd quarter of 2011. August turned out to be busy and very productive. We doubled the number of deals on the books for this quarter from 26 a month ago to 52 today. The majority of the increase was also in home sales as we increased from 13 homes on the books to 34 homes. Assuming we closed all 52 deals before the end of the quarter we would have a volume of a little over $15 million for the quarter for all product (homes, condos, shared ownership, land). If we close all the homes on the books by the end of the quarter we would have a volume of approximately $12.5 million. This would be over a 25% increase over Q2 2011 and an equally significant 25% increase over Q3 2010. This would also make the 3rd consecutive increase in quarterly sales for Sunriver.
It does seem clear that the combination of record low prices, record low interest rates, the soon to be completed new SHARC center, continuing improvements in the Village and the 4 lane freeway from Bend have got the attention of the buyers. Sunriver is making significant improvements to the quality of the "Sunriver Experience" and people have taken notice.
The other thing to take note of is the amount of construction that is going on in Caldera Springs. We also have 2 home sales and 4 lots sales on the books for this quarter.
Rumors are flying that the SHARC center may have some facilities open as early as the first of the year. We are all getting very excited.
Thanks, John
Saturday, September 3, 2011
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