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
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