Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for Montecito Real Estate there were 35 properties that went into escrow for the same period of time for 2006 there were 29, for 2005 there were 40 and for 2004 there were 35.
For that same period of time for 2007, 10 of those 35 properties fell out of escrow for a 28.5% fall through rate. For 2006 4 or those 29 homes fell out of escrow for a 13.7% fall through rate. For 2005, 4 of those 40 fell out of escrow for a 10% fall through rate and for 2004, 2 or those 35 properties fell out of escrow for a 5.7% fall through rate.
On the condo side of the ledger for Montecito Real Estate 9 condos went into escrow for 2007. For 2006, 4 went into escrow, for 2005, 6 went into escrow and for 2004, 7 went into escrow. In 2007, 0 of those 9 fell out of escrow for a 0% fall through rate. For 2006, 1 of those 4 fell out of escrow for a 25% fall through rate, for 2005, 1 of those 6 fell out of escrow for a 16.6% fall through rate. And for 2004, 0 of those 6 fell out of escrow for a 0% fall through rate.
On the Home and Estate/PUD side we see Escrows at the same rate as 2004 and not quite 2005 numbers, but the Fall Through rate of 28.5% is substantially higher for 2007 as opposed to the 16.6% of 2005 and 0% rate of 2004.
For Condos we are above the level of activity that occurred in 2004 and the Fall Through rate is the same with 0% in 2004 and 0% in 2007.
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Posted by gandlwoods at March 1, 2007 07:59 AM