We are a couple of days from the end of the quarter and the end of the year. In my article in for the December issue of the Sunriver Scene I forecast that we would sell 25 homes for a dollar value of $10.9 million in the 4th Quarter. As of today we are at 23 homes and $10.25 million, that compares to 22 homes sold and $8.3 million in the same quarter a year ago. It is possible that we could see a couple of more homes close this week and hit my number, but we will know for sure in couple of days. The total for the quarter was $11.9 million compared to $10 million for the same quarter a year ago.
The other piece of good news is the average price of a home sold in the 4th quarter was $445K this year and $378K last year. The price per sqft was down to $183 from $190 last year. The good new is we are seeing buyers spend more money on average as the deals got better this year.
I will have a complete update with all the final numbers for the quarter in a couple of weeks.
Hope you all had a great Christmas and have a happy new year. I really do think we are going to see the real estate market in Sunriver improve this year.
Thanks, John.
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