Looking at 1/1/2007 through 2/22/2007 for Home and Estates/PUDs for East of State St there were 48 properties that went into escrow for the same period of time for 2006 there were 45, for 2005 there were 48 and for 2004 there were 69.
For that same period of time for 2007, 4 of those 48 properties fell out of escrow for a 8.3% fall through rate. For 2006 8 or those 45 homes fell out of escrow for a 17.7% fall through rate. For 2005, 5 of those 48 fell out of escrow for a 10.4% fall through rate and for 2004, 2 or those 69 properties fell out of escrow for a 4.3% fall through rate.
On the condo side of the ledger for East of State St 19 condos went into escrow for 2007. For 2006, 10 went into escrow, for 2005, 16 went into escrow and for 2004, 11 went into escrow. In 2007, 4 of those 19 fell out of escrow for a 21% fall through rate. For 2006, 2 of those 10 fell out of escrow for a 20% fall through rate, for 2005, 0 of those 10 fell out of escrow for a 0% fall through rate. And for 2004, 0 of those 16 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 2005 but below the 2004 numbers, but the Fall Through rate of 8.3% is substantially higher for 2007 as opposed to the 4.3% of 2004.
For Condos we are above the level of activity that occurred in 2004 but the Fall Through rate is higher with 0% in 2004 and 21% for 2007.
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Posted by gandlwoods at March 2, 2007 08:40 AM