2016 was a busy year for real estate activity at SMVE with 20 homes having new owners. Over the last 12 years, the number of homes sold each year has varied between 8 and 28; last year’s 20 is an above average number. Almost 80 homes have new owners in the last five years. That’s one third of all homes in our HOA.
We are seeing an expected generational turnover, with original owners now moving on.
Activity this year has picked up since the Annual Meeting. Newly listed homes have been selling quickly—three homes closed by the end of March and three more are in escrow with only one still on the market (as of April 4, 2017).