The average buyer is seeking a bargain–and certainly prices are down, but volume is up. Sellers can be encouraged by the 2010 sales in Alamo: 164 as of today with most of Q4 still to come; whereas in 2009, there were 136 sales across the entire year.
Even better, here is a graph that speaks volumes about volume sales (couldn’t resist that cute line). But it does….our last 4 quarters, including Q4 2009, were dramatically better than the 4 quarters prior to that. This 3 year graph shows that 2010 trumps 2009 and 2008 in sales volume and shows a slowdown immediately after a banner Q3 2007.
Alamo is a small town, so the volume isn’t dramatic–the tallest bar on this graph represents 63 sales…but across a quarter, that’s an average of more than 5 homes a week, which is very significant in our little community. If the blog technical support (Clint Doyle, customer service rep, are you listening?) restores my 3 years of posts, you will be able to scroll back to see that for over a year when I reported on the sales for the week, there was one, two, and often zero sales that week.
Thanks to Clint Doyle and the folks at tech support for the efforts they are making to help me recover my blog…and I appreciate that you have found me in my new location. I’m working hard to make up for lost time, so please keep checking for new posts and as always, I welcome your emails and phone calls.