Market Trends Report - June 2008

June 2008 Market Trends for the Big Canoe Community:

Current Home Inventory in Big Canoe is now at 250 vs. 241 in May. Please note inventory numbers below.

Days on market for June were 220 vs. 110 in May. (Homes sold) 200 Days on market… homes for sale.

Big Canoe’s overall month’s supply of inventory is … 69.2 months vs. 44.7 last month.

Average listing-to-sold ratio YTD is 90.8%.
Note: C21 sales ratio is 95.7% YTD. That’s a lot of money in your pocket. On a $400,000 home we would be saving you over $20,000.00. Why use any other broker for a decision so important?

37 homes have sold YTD vs. 48 homes YTD June 2007 and vs. 78 homes YTD June 2006.

The average sales price in June was $726,892 compared to $467,900 in May 2007.




Market Trends for the Community of Big Canoe Summary:

Overall volume (dollars) in The Community of Big Canoe is down 16.5% vs. YTD 2007.

We now have over a five year supply of inventory and growing. Inventory above $400,000 continues to grow and quite honestly is concerning. With this much inventory, you must do everything possible to not be eliminated from someone’s search. Remember, it’s not about fixing something, or replacing something, or hoping for an offer; you simply don’t get another chance.

On a positive note, buyer activity has improved. Just this morning there were two offers on our fax. And remember – in today’s market, everyone expects a buy.

Once again we have made another major investment in technology. Ask your agent to explain “Lead Router”.


Till next time,

Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS