pwn-08-25-14

18 August 25, 2014Pinewood News“ Broker Tidbits” By Bill Spain,Provident Partners Realty,Designated Broker“Keep On Coming Rain!”Sales Rebound Quickly WithMonsoon Deluge and Pent UpDemand Aiding The RecoveryThe spring season is fully behind us now and the results wereencouraging. Although sales were adversely affected by the wildfiresof May and June, the overall results were the best the Parkhas seen in many years. In analyzing the “CMA” (ComparativeMarket Analysis) overall sales for Munds Park for 2014 versus2013, the Park had a 52.6% increase over the prior year in totalvolume. 2014 sales totaled $15,743,450 in total sales for zone7340, Munds Park versus the previous year of $10,322,349.Eighty-five transactions closed in the spring season in 2014 versusfifty-nine in 2013Interestingly, the sales volume statistics also reflected that thehigh sale in 2014 thus far was a new build sale of a 2700 squarefoot home off Krolak Way which sold for $520,000. Last year’shigh was also off Krolak way and was $469,500. The low sale wasa lot for $56,500 this year versus one last year for $40,000.Average sale price increased from $174,975 last year to $185,217in 2014…. A 5.8% increase.Pending Sales, Pending Taking Back-ups and Active withContingency have hit a year-long high of thirty transactions in thehopper as of this article’s writing. More importantly, they totalmore than $6,206,300 in listing volume which is a huge numberfor one month. The only components showing a decrease this yearto last year is percentage of list price being attained. Last yeartotal properties were selling for .94% of asking price and this yearthat percentage has fallen to .92%. This may be a factor of ownersover-pricing their properties earlier in the season and having toreduce their asking price in order to elicit an offer.It is encouraging to see the market rebound so quickly from theawful June performance. Based on the current trends it is highlylikely that a strong sales performance could continue through thethird quarter poising this year to end on a very successful note! Ifyou are thinking of selling your Munds Park home please give me acall for a market analysis and overview of your specific home.Thank you for your business.!PINEWOOD NINERS GOLF ASSOCIATIONBy Carla MarksIt’s hard to believe that we are approaching the end of August. Timehas been flying by at a rapid pace. It doesn’t seem possible that manywill soon be thinking about relocating to their winter homes. We dohave several more weeks of golf ahead and we are grateful for that.The Play of the Day on August 6th was the President’s CupTournament. The results were as follows:DIANE SCHNEIDER won with a Score of 29Rosalind Ruch 2nd Place Score of 32Kathy Vogt 3rd Place Score of 32 (Score Card Playoff)Brenda Scott 4th Place Score of 33 (Score Card Playoff)Congratulations to these winners!!Due to heavy rain, there was no golf on Wednesday, August 13th.The fourth Medallion Round is being played on August 20th. I willhave those results in the next issue. Also coming up will be the everpopular Dice Game on August 27th and “Two Best Balls” (ABCD) onSeptember 2nd. The Club Championship will take place on Monday,September 8th (Front 9), and Wednesday, September 10th, (Back 9).September 10th will also be the date of our final General Meeting &Luncheon. Please do try to attend. This is the meeting where you canregister for next year’s membership and it will also be the Election ofOfficers for the upcoming 2015 Season. The nominees are:BRENDA SCOTTBECKY PALUMBOLORI PRESCOTTGERI BORGPRESIDENTVICE PRESIDENTTREASURERSECRETARYPlease be sure to sign up in the Pro Shop for upcoming WednesdayPlay Days, as well as for the September Luncheon. As always, we arehappy to welcome new members. If you would enjoy a weekly round of9 holes of golf with a fun friendly group of ladies, please contact LoriPrescott at (602) 390-2648.Our only requirement is that you be a full member of Pinewood CountryClub, in order to be eligible to play. We have beginning golfers throughvery experienced golfers in our group and all are welcome.