Strong Spring Yields To Slightly Slower Summer at The Point In
Some Ranges
Following an extremely
active Spring period, activity in The Point trended slightly lower in the June
to mid-August window. Early spring had seen pending contracts trend as high as
17 or more homes under contract at one point, with that number now standing at
10 homes under contract. The bulk of that drop coming in the 1-1.5m range,
which had been very solid all spring. Pendings edged up slightly in the
500-999k range, while the 2m plus price point saw its first pending contract
this summer in several quarters. The range below 1.5 dropped from 9 pendings in
May, to 4 mid-August, with solds in that range also trailing last summer.
Renovations have now
begun on the clubhouse at the newly purchased Trump National Golf Club, the
completion of which should likely lift interest in the area. Inventory levels
remain at very healthy levels relative to past years, with just 48 homes
listed above 500k and a slight downturn for 60-75 days can quickly reverse
itself, as this quarter in Davidson shows.
Showing activity remains
solid in the range under 1 million, while trending lower in the million plus
category. The Point was extremely active the first 4 months of the year,
and has since seen showing activity cool slightly, trending lower in the range
above 1 million compared to both the spring and this time last summer.
Price
Range Actives
Pendings Shows/house Sold Summer '12
Sold '11
500k-999k 21 5 3.25/month 3 4
1m-2m 17 4
2/month 5
7
2m
plus 9
1
2/month 0
0
See these Point area
homes and others at www.IvesterJackson.com.
Whaling Ln
WF Longfellow
Estate Yacht
Rd WF W/Pool
If you'd like to check on the market conditions on a weekly basis bookmark/favorite www.IvesterJackson.com and visit our Market Update News Section, or follow our daily Twitter Updates at @IvesterJackson
No comments:
Post a Comment