Wednesday, July 1, 2009

The Point Lake & Golf Club Sold through June 30 2009




Out of the 15 homes that closed so far this year, 5 were new homes, 5 were distressed or short sales, and 5 were normal resales. Surprising that this is exactly the same number of closings as last year at this time, compare that to the bubble period, the first half of 2007 we saw 44 homes sold 2006 it was 45, 2005 = 41; 2004 = 34; 2003 was 20, 2002 = 19, 2001 =19 So it looks like activity is back at levels that reflect more normal lending times such as 2002. It's interesting to look at pricing levels as the last sale at 112 Old Post was in 2003 at 585k, a sale at 137 Great point in 2003 was at 1,075m, 111 Stonewall sold in November 2002 for 883k, compare those prices to what they sold recently.
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