August 20, 2009

Summer is almost over and we are seing more and more showings of our properties and we are getting busier, people just need the confidence to start buying and now the prices have stabilised and interest rates are down then we should see increased sales.
New listings are 308 Mountaineer Lodge at $324,900 one of the best prices/sq ft ($296.71) on the mountain. Properties viewed at the ski hill include Aspens #25, #55, (too small for their needs) Glacier Lodge 111, 103 clients wanting first floor access but again to small. Showed them #21 Whispering Pines and this was their preference, but they are still undecided.

809 13th has been shown twice, 898 McAllister Road, 2436 Forde Station Road shown twice and one couple coming back for another look today, 2021 Blaeberry Road has been shown 3 times.

Please see below the following Summary of sales (Golden) for the first 2 quarters or 6 months of 2009:
18 Single family homes in the town of Golden
7 Single family homes in rural Golden
7 Trailers
1 Condo at the ski hill
1 single family home at the ski hill
2 pieces of Raw Land

For a total of 36 deals in the first 6 months

The Single family homes have been selling for an average of 5.5% less then the asking price.

The Rural Single family homes have been selling for an average of 11% less then the asking price.

The Buyers origins are as follows

Golden - 17 homes divided as follows
13 local buyers / 1 East Kootenays / 1 BC interior / 1 BC lower Main Land / 1 Alberta

Golden Rural - 14 homes divided as follows
8 local buyers / 4 Alberta / 1 USA / 1 International

according to the stats we are finding it is mostly local buyers that are keeping our market going, sales in 2009 are down compared to previous years, but we will see what the next quarter brings.

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