Monday, January 3, 2011

2010 Real estate sales review for The Point Lake and Golf Club

Total sales at The Point Lake and Golf Club were up nicely in 2010 to 52 homes sold vs 40 for 2009.

Some of the details are:

- Average price $1,082,602 or $195 per square foot vs 2009 average price 1,207,540 or $216 per sq.
- Avg pps under 1 million $150 vs 2009 pps $159 a decrease of 6%
- Avg pps 1 - 2 million $220 vs 2009 pps $235 a decrease of 6%
- Avg pps over 2 million $386 vs $399 a decrease of 3%

other interesting facts:
- only 12 homes (23%) sold for more than tax value vs in 2009 19 homes or 48% sold over tax value
- 10 homes (20%) were purchased for cash vs 5 homes (13%) in '09
- 16 homes were distressed properties or 31% of the sales
- a minimum 3 homes sold and 3 homes purchased were by sellers trading down in price in their real estate Bookmark and Share

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