The torrid pace of sales in Gainey Ranch that we saw materialize last year
has maintained full force year-to-date 2013. With 59 sales on the Ranch through
the first week of August, we’re on a pace to sell 96 homes this year – a very
strong year!
The average sales price is up 19% over last year and the average “”dollars
per square foot” is up 11%.
The only potential damper on this strong market is the relative lack of
inventory. We have only 33 Active listings at this time in all of Gainey
Ranch. If this number remains low, the laws of supply and demand will
no doubt continue to move prices upward. Buyers will frown and
Sellers will continue to smile!