Journeys End market activity...and some other stats

Only 2 reported sales the past 30 days....

1. 6946 Houlton...Kensington, Short Sale: $310k
2. 6995 Houlton...Buckingham, Short Sale: $299k

Here is what is currently 'under contract'...3 homes currently...some have been under contract for a long time as they are short sales, and these negitiations can take anywhere from 60 days to over a year in some cases!

1. A Laredo on C Durham...Short Sale, has been under contract since Dec. 9th, 2009
2. A Kensington on Houlton...Short Sale...went under contract for the 4th time on April 5th
3. A Pecos on C Durham...not a short sale or bank owned...went under contract on April 30th

There are 19 homes currently on the market.
7 Short Sales
1 bank Owned
11 traditional sales

Looking at the sales figures for the previous 12 months - 24 total sales. If we were to apply this rate of sales to the current 'for sale' inventory, we arrive at an absorbtion rate of 9.5 months to liquidate the current inventory on the market in Journeys End.

Thanks again for taking the time to read our blog. If there is a subject you would like us to post on, please send us an email.

Steve and Jackie Jackson