Sunriver had a great real estate quarter for Q2 2012. We sold 36 homes in Sunriver this quarter compared to 26 homes sold in Q2 2011. That was a 42% increase in Sales dollars for the quarter. Over all including all types of properties Sunriver had 43 transactions and sold a total dollar value of $14,645,628 compared to Q2 2011 which had a volume of $11,434,675.
The average price of home sold increased only slightly this year over last year from $374K to $384K and the sales price as percentage of list price remained the same at 95%.
The inventory of homes available for sale is down over 25% from last year with only 152 homes currently on the market in Sunriver. Price continues to be the motivating factor as over 50% of the homes sold were under $325K. The good news is that mortgage rates have continued to stay very low and currently are showing no sign that they will be going up anytime soon.
We currently have over $6 million on the books for Q3 2012 as pending transactions. That is a great start for the quarter, but we will need to do over $13.3 million to exceed Q3 2011.
Monday, July 9, 2012
Subscribe to:
Posts (Atom)
