Tim's 4 Points Bullet Points July '14

TIM’s FOUR POINTS* BULLET-POINTS

(July 2014)

 

·       The market is experiencing relatively minor price correction since June from an overly inflated market

·       Early August activity is abnormally high

·       JULY CLOSINGS DROPPED 31% from 2013!!

·       JULY INVENTORY INCREASED 16% from 2013!!

·       7th consecutive month of inventory increase year over year (after 21 consecutive months of inventory decreases y.o.y.)

·       MOI (months of inventory) are below 4 months, except in the $500k’s, and $900k-$5mm

·       Glenlake sales down 20% (The most consistently stable market in 4-Points for 20 years)

·       Grandview sales up 43%

·       Greenshores sales off 25% year to date

·       Long Canyon sales off 30% year to date

·       River Place sales up 26% year to date (inventory highest since 2012)

·       Steiner Ranch sales off 4% year to date (inventory highest since 2012)

·       Westminster Glen sales off 10% year to date