Mid-year Update

With August well underway, and I am taking a minute to see what’s happened so far this year at Lely Resort and tuning up my crystal ball for 2011. Year over year, sales have been increasing as we passed the total of closed sales for 2009 in early July. Today we stand at 138 closed sales and over $53 million in total volume. Single family home prices seem to have stabilized as a whole, and multi-family prices are still heading down but at a much slower pace than the previous year. Listings are down 20% from 2009 highs, and short sales and foreclosures are holding at 18% of the total listings on average. To see this year’s closed sales just go to http://www.mylely.com/closedsales2010.

Lely Resort new home sales has been experiencing higher sales volume in all of their 11 new home communities compared to last year. These communities can be viewed by going to http://www.mylely.com/LelyNewHomes.

All in all, the remainder 2010 will continue to see record sales, and 2011 should kick off strong with the release of Lely Resort’s newest community and the closeout of at least four communities.