51% of our sales so far during 2011 have been traditional non-distressed property sales. Not to long ago our home and condo sales were equally split at 1/3 traditional, 1/3 bank owned and 1/3 short sales. Here’s the sales breakdown so far this year:
- 51% Traditional sales (non-distressed properties)
- 17% Bank owned homes (also known as REO’s or foreclosures)
- 17% Short sales
Sales Increase 30% Over Last Year
Sheri Dettman & Associates is currently tracking a 30% sales increase for this year over 2010. Interest and inquires from prospective buyers continues to grow. 2011 will be our fifth year in a row of double-digit sales increases, which seems to confirm that people continue to desire their own home in the sun here in the desert. What will 2012 sales look like? I'll go out on a limb and estimate that we'll record a 20% increase next year. Stay tuned.