November Norms Stand True
When it comes to Rentals we seem to be tracking about the same numbers as 2013 and an 11+ percent improvement over 2012 and 2011.
Now as far as Home Sales we have seen a steady decline in November for the past two years with some of the slack taken up by rentals. Overall the year is still trending close to previous years with our averages only a few percentage points apart. As of November the average units sold is 1086 with is only 11 months of data.
Look for our end of year report in the first week of January.
Sales Units Closed Rentals Rented
2011 841 469
2012 1074 486
2013 915 532
2014 823 533
We feel comfortable heading into 2015 with the demand for rentals still remains strong. We will continue to monitor market activity through the rest of the year but at this point almost all of our properties are rented and we will be closing out our accounting of 2014.
To Our Owners
In January we will be auditing all of our owner accounts and start the preparation for your 1099's and making sure your portal is up-to-date. If you have changed your address please let us know as soon as possible. We will be sending you address verification emails in early January.
From the staff of Circle Property Management we wish you Happy Holidays.
About The Author
Eric Guggenheimer - SFR, ARM ® » Principal Broker, Certified Property Manager, IREM, ARM, NARPM, NVAR, NAR, VAR
