Maybe a harbinger of an RE Spring?
Posted 04-05-2009 at 06:43 PM by olecapt
Here is a plot of the last five years activity in Sun City Summerlin. This tract has about 5500 homes of which 1600 have changed hands in the recent period.
[IMG]http://www.donohueteam.com/Realtor/Suncitysfrsales1.jpg[/IMG]
The little bit of light is that we actually have stability and perhaps a small uptick over the past four months.
Note that Sun City Summerlin would be the first place to trend upward. It appeals to a relatively well monied retired class and has little impact from foreclosures.
So it might well lead the rest of the market by a few months.
Not definitive certainly...but does give hope their is a bottom.
[IMG]http://www.donohueteam.com/Realtor/Suncitysfrsales1.jpg[/IMG]
The little bit of light is that we actually have stability and perhaps a small uptick over the past four months.
Note that Sun City Summerlin would be the first place to trend upward. It appeals to a relatively well monied retired class and has little impact from foreclosures.
So it might well lead the rest of the market by a few months.
Not definitive certainly...but does give hope their is a bottom.
Total Comments 1
Comments
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Thanks Olecapt. Interesting indeed. It would be interesting to compare Sun city to other place with higher inventories and in safe neighborhoods (NW, SW).Posted 04-08-2009 at 10:41 PM by gregoryinvegas
