How is Mountaingate doing specifically?
As usual, Mountaingate continues to hum along. In comparing real estate activity this past quarter vs. last quarter, it is very impressive to see how well the community continues to do. Currently there are 4 homes available for sale, vs. 7 last year, there are 2 open escrows, vs. 3 last year, 4 closed escrows vs. 2 last year. As pertains to leases, currently there is 1 home available for lease vs. 2 last year, and the number of leased homes, 2 is the same for both years. The lack of inventory that is impacting the entire market is also pervasive here as there are many buyers looking to be able to move to the community, and have little or no choice from which to choose from.
