Blog

Hopefully they can turn the corner in 2012.

Background on Data

• Only MLS Data (209 Sales and Current listings in MLS. 74 are “matched” sales.)

• Growth is based on matching the SAME unit selling at two different times

• No data for 2008, no Multi-unit sold which had a prior sale in MLS.

• I did graph the “Active” and “Pending Sales” for this example, I realize they are not closed yet…helps shows the trend.

Quick Summary

• Down Market

• Mt. Home has not sold a Multi-Unit for profit since 2007. (MLS Data Only)

•  2010 , based on 5 matched sales, avg lost was $71,670 after 4.1 years, avg of -10.0% drop per year from prior sale.

•  2011 , based on 7 matched sales, avg lost was $115,071 after 4.4 years, avg of 11.9% drop per year from prior sale.

• 2011 , based on 4 matched pending sales, avg lost is $130,113 after 4.7 years, avg of 12.0% drop per year from prior sale.