But on a local level, what is happening in Mountaingate?
There has been a bit more activity in the community this year than last year for the same period of time…. In 2012 there were 8 homes available for sale with the same number are on the market today. There are 4 homes in escrow today, including a short sale which has been on the market for a long time and in escrow three times in the last year (hopefully it will close escrow sometime soon so that the work that the house needs can be done), vs. 2 last year and last year there were 4 closed escrows, vs. 5 this past quarter with two of the sales private (in one the tenant purchased the home after leasing it for about 3 years). Currently there are 3 homes available for lease, the same as last year, and this year one was leased vs. 4 for the same time period last year. We are also seeing the work on the 405 on the bridge at Bel Air Crest Road. Is that impacting us particularly, I don’t think so; the impact if at all is more likely the overall effect of the construction and its attendant traffic in the entire area. I do see people picking their time to come see property in the area more carefully and avoiding rush hour traffic.