Historically, the 1st Quarter averages 21% of the sales for the year.
1st Quarter 2008 had 378 condo sales, which was down from 478 sales for the 1st Quarter of 2007.
Projection: If 378 sales for the 1st Quarter is 21% of the yearly sales, we will see a 21% drop is sales during 2008. Stay tuned to see if this projection is accurate.
It usually breaks out like this for the year:
1st Quarter= 21%
2nd Quarter= 30%
3rd Quarter= 28%
4th Quarter= 21%
If you want the detailed stats for your community, or a complete market evaluation of your condo, just ask and we will be happy to prepare that for you!
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