For those of you interested in real estate activity at SMVE, twelve homes had new owners in 2015. Over the last 12 years, the number of homes sold each year has varied between 8 and 28, so last year’s 12 is an average number. Almost 60 homes have new owners in the last five years. That’s one quarter of all homes in our HOA.
Mostly we are seeing an expected generational turnover, with original owners now moving on. Many of the new owners are younger, often near retirement age.
Activity this year looks like it may be brisk. Six homes closed by the end of March and there are currently eleven homes on the market, three of which are in escrow.
