Weekly Scorecard 3-22-10
Well it finally started happening. The inventories have started to increase. Sale remain at pretty good levels but at some point in time with sales volume remaining fairly brisk new inventory needed to be brought to the market.
Also of note this week the upperend seems to be coming back to life. So far this month two waterfront homes have sold on the point. One for over $7,000,000 and one for over $11,000,000. In addition a survey of the individual sales shows that properties are being purchased for building it looks like the tear down cycle is starting again.
The spreadsheet is here: Weekly scorecard 3-22-10