Here's a map of the 10 sales from the last month:
- 6376 Barton Creek...Cairo, Sold @ $220k...not a short sale or bank owned
- 6428 Barton Creek...Cairo, Sold @ $225k...not a short sale or bank owned
- 6676 Brookhurst...Monaco, lake, pool, Sold @ $315k...not a SS or bank owned
- 6397 Grand Cypress...Grandview (courtyard), lake, pool, Sold @ $270k...not a SS or bank owned
- 6416 Grand Cypress...Aspen (small 3/2/2), lake-golf, pool, Sold @ $234k...not a ss of bank owned
- 6048 Newport...Hatteras, pool, Sold @ $225k...Short Sale
- 6039 Royal Birkdale...Venice...Sold @ $240k...Bank Owned
- 6172 Royal Birkdale...Sydney, pool, golf, 3 car gar, Sold @ $326k...not a ss of bank owned
- 6352 Sand Hills...Paris-extended sq ft, pool, lake, Sold @ $384k...not a ss of bank owned
- 5912 Wedgewood...Monaco, pool, Sold @$245k...Short Sale
Ten sales in 30 days is a great rate of sales...but my outlook on continuing this pace is not that optimistic. This number (10 in 30 days) was clearly driven by the Homebuyer tax credits. If I annulize this rate of sales, that would translate to 120 sales/year. But, if we look back to the the trailing 12 months, there were a total of 60 sales, exactly HALF of that rate.
IMPORTANT: If you are having real estate agents in to give you their Market Analysis show, make sure that they fully understand, discuss, analyze and account for the tax credit impact.
As always, thanks for taking the time to read our blog.
