Sunriver closed out 2011 with a strong 4th quarter. It was the best quarter of the year for sales volume. We are clearly in a sweet spot for the opportunistic buyers with market prices and interest rate the lowest they have been in years. The traffic of buyers has been steady all winter and the quantity of transaction on the book for Q1 2012 shows that many of the buyers are buying. We currently have 20 closed transactions on the books for Q1 with a total of $5.24 million in volume and we have another 14 transactions pending which will convert to approximately $5.5 million in volume. While the average price of a transaction is down from last year we will most likely exceed Q1 2011's total sales volume because we have more traffic and more of them are buyers.
We currently have 106 homes on the market in Sunriver. I do expect to see that number increase to 140- 150 by mid Spring and to approach 180-200 over the peak of the Summer. The excitement around the opening of the new SHARC aquatic center has fueled much of the new buyer enthusiasm. We are expecting a great summer season, come and check it out.
Thank you, John
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