Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs there were 187 properties that went into escrow for the same period of time for 2006 there were 156, for 2005 there were 181 and for 2004 there were 213.
For that same period of time for 2007, 25 of those 187 properties fell out of escrow for a 13.3% fall through rate. For 2006 19 or those 156 homes fell out of escrow for a 12.1% fall through rate. For 2005, 12 of those 181 fell out of escrow for a 6.6% fall through rate and for 2004, 10 or those 213 properties fell out of escrow for a 4.69% fall through rate.
On the condo side of the ledger 74 condos went into escrow for 2007. For 2006, 29 went into escrow, for 2005, 68 went into escrow and for 2004, 79 went into escrow. In 2007, 8 of those 74 fell out of escrow for a 10.8% fall through rate. For 2006, 4 of those 29 fell out of escrow for a 13.7% fall through rate, for 2005, 3 of those 68 fell out of escrow for a 4.4% fall through rate. And for 2004, 1 of those 68 fell out of escrow for a 1.4% fall through rate.
On the Home and Estate/PUD side we see Escrows at about the same rate as 2005 and note quite 2004 numbers, but the Fall Through rate of 13% is substantially higher for 2007 as opposed to the 6.6% of 2005 and 4.69% rate of 2004.
For Condos we are about at the same level of activity as occurred in 2004 but just like with Home and Estate/PUDs the Fall Through rate has increased from 4.69% in 2004 to 10.8% in 2007 but below the 2006 rate of 13.7%.
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Posted by gandlwoods at February 25, 2007 07:38 AM