The final, I hope, bad year of the economic downturn is about to come to a close. The Mountain Empire real estate market is poised to take off in 2012. (I don’t think there is any other possibility!)
So, here’s what the 11 months of this year looked like: Total unit sales of 36 comprised of 26 homes and 10 lots. November sales units totaled just , but did manage to come in at $1,621,928 which is actually a very good month! For the 11 months, our total sales were $6,759,128. And, at the end of the month, there was a total of $1,000,000 in escrow to close. Assuming these close, the year will end at just above $8,000,000. That is about 25% of normal. Except for land, unit sales were not too bad reflecting lower prices per property.
In looking at my own activity this year, I will account for about 25% of the market. That’s actually very good. In addition to the sales success, I have made some nice new friends along the way. I’m looking forward to 2012 and making a lot more friends happy with their purchases in Sonoita, Elgin or Patagonia.