2008 Hidden Valley and Seven Springs Stats Review

BEFORE we go any further know that the "GOOD NEWS STATISTICS" that we are about to share are calculated by adding ALL transfers together from MLS and Court House records. There IS a significant difference if you focus on any one style of property. Call us for more details! SO here goes, BOTH RESORT MARKETS SAW APPRECIATION AND AN INCREASE IN THEIR AVERAGE SELLING PRICE! Hummmm, stocks vs real estate?? Hidden Valley saw a 21.66% appreciation in the average sales price from $174,353 in 07 to $222,548 in 08. Seven Springs was right behind them with appreciation of 20.71% from 2007 average sales price of $310,532. to $391,648. (Only includes resale transfers.) Southwind (new sales) totaled 49 recorded transfers at $33,312,742 upping the average sales price to $679,852.

Total dollar volume for both resorts in 2008 (new and resale) came in at $62,415,169. Dividing it up, Hidden Valleys portion was $18,136,295. which left the lions share of $44,278,874 to Seven Springs. Let's talk number of transfers! Hidden Valley saw 80 and Seven Springs 77. Keep in mind though that Seven Springs is still closing out on the Southwind new construction properties. This significantly inflates the combined new and resale number compared to Hidden Valley's transfers which were 99% resales.

There are several factors that should be considered when trying to understand both market places. Hidden Valley saw a big jump in activity the first half of the year thanks to the new ownership of the resort.Their commitment to spend money bringing it into the 21st century sure has everyone excited! With Seven Springs there is now a resale market for the Southwind properties. These transfers substantially bring up the average sales price and resale dollar volume. If you are considering selling or buying you should give us a call to see how our market research gives you a competitive edge!

Buyers and sellers have an infinite amount of information (good and bad) available to them on the Internet. What you don't have is the market expertise to analyze and interpolate it to give you the upper hand when it comes time to negotiate. We've found sites that have dated, partial, or incorrect information posted! That's where we come into the picture! Because even though these numbers are very exciting there are strong indications that 2009 will not be so rosy.

In fact next year is shaping up to be an awesome BUYERS market. For those who still have jobs fixed interest rates under 5% and inventory that continues to expand should create a once in a life time buying experience. Buying or selling YOU should be represented by a designated agent who is looking out for ONLY your interests! Give us a call to see how we can help you maneuver through this changing market place.