Definately Fewer Sales at the Rotonda in 1st Quarter of 2009

If you're just looking same period, meaning first quarter, 2008 vs. 2009. Then it's definately slower at the Rotonda.

In the first quarter of 2009, that just ended, there were 4 properties sold. Those properties were actively on the market an average of 41 days, and they sold for an average of -6.27% (that minus in front means negative). There was also an average of $0 seller subsidy (also referred to as closing cost help from seller to buyer).

What types of sales were these 4 transactions?

Regular Sale = 2

Short Sale = 1

Bank Owned Property = 1

What style homes were these 4 properties?

1 Bedroom = 1

2 Bedroom = 2

3 Bedroom = 1

How does this compare to the same time last year (1st quarter - 2008)?

Last year there were 10 properties sold in the same time period. And they sold for an average of -5.48% (yes, also negative) of their list price, in an average of 108 days on the market. They also had an average of $2,000 in seller subsidy. So in 2009 it's been happening quicker, for what does sell. But it's not happening as much 4 sold 2009 vs. 10 in 2008.

Below is a graphic of the sold properties I've mentioned, plus those that did not sell, and those that are under contract, or for sale right now at the Rotonda.

(Data is from MRIS and represents multiple listings from multiple brokers)