We did have a great summer season. Sunriver had 61 closed real estate transaction compared to Q3 2011 total of 49 transactions. The total dollar value in Q3 2012 was $16.2 million compared to $13.8 million in Q3 2011. Of those transaction 40 of them were homes compared to 25 in Q3 2011, a 60% increase. The average price per sqft of a home sold in Q3 2012 was $177, compared to $187 a year ago.
We are bouncing along the bottom price wise with the average price of a home sold this quarter at $342K. I still do not expect to see much upward price movement until the economy gets much stronger. The continuing low interest costs are having a strong positive effect on sales. The thing that is changing is our inventory of homes for sale is shrinking, if this continues we will start to see prices go up.
As of now 10/17/12 we already have 41 transactions on the books for Q4, representing over $14 million in transactions. We are on track for great Q4 2012.
We currently have 125 homes on the market, 27 condos, and 17 lots.
It is quite clear that the addition of the SHARC and the beautiful upgrades to the Village have had very positive impact on Sunriver real estate.
Thanks, John.
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