Here is the latest 2008 Calendar of Events for the Colony West Homeowners Association.  This is an excellent association run by Wiley Greenbaum who is dedicated to providing entertainment and activities for our elderly residents as well as the kids. The association has been large sums of money over the last 3 years fixing up the park and has more work planned.

 

  As a member of the Board of Directors, at our last meeting this week, we adopted a "Budget" to be included in all future monthly Financial Reports.  This budget will give the board a better handle on how to plan for projects during the year.  It was also adopted that the budget would be "adjusted" on an as-needed basis as project expenses came in above or below original projection.

  The biggest unknown at this point is a lawsuit filed against the association by a former board member WHILE he was a board member more or less alledging that the previous election of board members was "illegal".  It appears to be the opinion of counsel the lawsuit has no merit, however the $5,000 legal bill continues to grow.  That's a lot of money for a tight budet that could go a long way in improving our park for the kids.

  I would urge any and all resident that wants to be kept abrest of our activity to sign up to be on our "EMAIL LIST".  If you would like to be included, please email David W. Bolick at dbonweb@aol.com and I'll make sure you're included.  Thanks.

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  AS OF 3-10-08  The average sales for the last 3 years are as follows:

 

AVERAGES:
			Days On					Year
Original Price	Sales Price	Variance	Market	Bdrm	Bath	SqFt	Built	Closed
168,926	166,932	-1,995	44	4	2	2,092	1,970	2005
177,306	174,786	-2,520	46	3	2	2,143	1,970	2,006
193,208	183,562	-9,646	78	4	2	2,331	1,970	2,007

 

  As you can see from the historical sales, the average sales prices have increased and the market time to sell a home has increased.  The amount sold has significantly been below the original asking price and the size of homes have increased on average.

The Colony West Subdivision contains approximately 470 homes basically boarded by Rodney Parham Road on the south, Clapboard Hill on the east and I-430 on the west and about midway on Millbrook on the north. They have a very active and excellent Property Owners Association with a website located at http://www.colonywesthomes.org/ There are probably more large 4 bedroom homes in this subdivision than any other place in the city that are very affordable. It is a very nice quiet neighborhood with a minimum number of children and they have an excellent park and pool facility.