Analysis of the Oaks neighborhood

There are about 800 single family homes in our community of the Oaks Golf Community currently which includes the gated section of Eagles Nest, the new Shingle Creek section and what we all know as the “regular Oaks”… I study the listings and sales in the neighborhood regularly. We have sold more homes in this neighborhood than any other realtor… Here are some interesting numbers…

Oaks Analysis as of 5/18/2009


Active Listings:


Regular Sales: 18 ..... 44%

Bank Owned 6 ... 15%

Short Sales: 17 ... 41%

Total active listings: 41




Solds since 1-1-2009


Regular Sales: .... 5 ... 36%

Bank Owned: ... 7 ... 50%

Short Sales: ...2 ... 14%

Total sales 14





Pending Contracts:


Regular Sales: ...1 ... 4%

Bank Owned: ... 6 ... 26%

Short Sales: ...16 ... 70%

Total pending contracts23


Special things to look at… the majority of the pending contracts are short sales, BUT the majority of the closed contracts are bank owned. Very obvious that many, many of the short sales do not make it to the closing table.

We will be glad to talk more with you on this… contact us at 321-689-2146 or at gkelley522@aol.com.