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Dear Palmetto Hall Property Owners, Friends and Clients~
Happy half year! We now have passed the 1/2 way market for 2010!
Linked below, we have included a Palmetto Hall Market update for the first half of the year and have listed our expectations for the second half below.
What we saw in the first half:
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Number of homes sold was approximately 25% less than normal.
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Home prices corrected in the wake of the economy and higher inventories.
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Only homesites with compelling prices sold in the first half of the year.
What we expect in the second half:
- We expect to see an increase in the number of homes sold in the 2nd half.
- We expect home values to find bottom in the 3rd quarter
- We expect home site prices to firm up from foreclosure pricing
Evaporating opportunities ahead:
- Historic low interest rates
- Short sale and foreclosure properties
If we can ever be of assistance, please do not hesitate to call direct at 800-932-3652 or via email at robbie@robbiebunting.com. Thank you.
Respectfully,
Robbie Bunting & Jane Hyers
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800-932-3652
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