What is happening on the Bel Air Park front? As you know they are still working on the 405. Have we been economically impacted by the construction, it is hard to pin it to that directly, and it certainly does not appear to have impacted Mountaingate. I personally think it has been a combination of the construction and the overall economy. From a real estate perspective, it has been an interesting year in that there has been a little more real estate activity than there has been in the past. Currently, there is one home for sale which is a foreclosure and has been in and out of escrow a few times, vs. no active listing during the same time period last year, There are/were no escrows for either year, and two closeds escrow this year vs. none last year. Three homes were leased this past quarter, vs. one last year (the same house – different tenant). I am enclosing a copy of the report from the 4th quarter ‘2011 along with the one from ‘2012.
Please do let me know how I might assist you with any real estate needs you have.
Happy New Year… here’s to a Healthy, Happy one!!!