What is happening in Mountaingate specifically?
Mountaingate is hopping (and not just because we just celebrated Easter!). The difference in the amount of activity between the first quarter of ’12 and ’13 is huge. Currently there are four homes on the market for sale vs. eleven last year. There is one home in escrow this quarter, which is a short sale and has been on the books for at least five years! Last year there were two homes in escrow. This past quarter there were six closed escrows, which included sales of homes that had previously been on the market, but had not sold vs. two closed escrows. Currently there is one home available for lease vs. four last year, and we had four homes that were leased vs. none during the same time period last year. Clearly the strength of the market indicated by the increase in prices along with the sale activity is evident in the community! I have the buyers, I just need more inventory to sell!
