· Current Home Inventory in Big Canoe is now at 225 vs. 208 in January. Please note inventory numbers below.
· Days on market for February were 220 vs. 116 in January (Homes sold). 233 Days on market (Homes for sale).
· Big Canoe’s overall month’s supply of inventory is 32.7 months vs. 30.4 last month.
· 10 homes have sold YTD vs. 11 homes YTD February 2009 vs. 9 homes YTD February 2008 vs. 7 homes YTD in February 2007 vs. 10 Homes YTD February 2006.
· The average sales price in February was $382,292 compared to $422,500 in February 2009.
Big Canoe Community Homes Sold YTD 2010:
|
Price Range
|
# of Homes Sold in Price Range
|
% Representing Homes Sold
|
Homes Listed
|
% Listed
|
|
Less than $200K
|
1
|
10%
|
12
|
5%
|
|
$201K - $250K
|
1
|
10%
|
16
|
7%
|
|
$251K - $300K
|
1
|
10%
|
24
|
11%
|
|
$301K - $350K
|
0
|
0%
|
26
|
12%
|
|
$351K - $400K
|
2
|
20%
|
32
|
14%
|
|
$401K - $450K
|
1
|
10%
|
11
|
5%
|
|
$451K - $500K
|
1
|
10%
|
20
|
9%
|
|
$501K - $550K
|
1
|
10%
|
9
|
4%
|
|
$551K - $600K
|
0
|
0%
|
14
|
6%
|
|
$601K - $700K
|
1
|
10%
|
26
|
12%
|
|
$701K - $800K
|
0
|
0%
|
7
|
3%
|
|
$801.0 >
|
1
|
10%
|
28
|
12%
|
|
TOTAL
|
10
|
100%
|
225
|
100%
|
Summary:
Overall volume (dollars) in The Community of Big Canoe is up 22.7% (+$869.1k) vs. YTD 2010.
Well, as a community, we are hanging in there vs. the last couple of years regarding sales year-to-date.
Hanging in there is not what we want to see. What we want to see is bright sunshine, normal temperatures and a little less rain and “no” snow. Yes, weather is having an impact on sales in Big Canoe. Every weekend, we are getting cancellations/postponements in showing appointments. But, yes, spring is around the corner.
With this downtime, focus on the basic elements of selling a home:
1. Condition – Are you ready for Spring? Does your home look like new? How’s the paint? How’s the carpeting? Does the driveway need to be re-sealed? Look around…you know what needs to be done!
2. Price – There really are buyers out there. However, they are well educated and know a buy. That’s what they are looking for! You may want to double check to make sure your home is positioned properly. The market is changing month to month. Remember, pricing is relevant. If you are going to re-purchase, you will also find favorable pricing on the purchase of your new home.
Now, let’s let the sun shine!
And remember, we love referrals!
Until next time,
Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS
