This is the Third Quarter Real Estate update for Barefoot Resort Residential.

There are lot’s of stories in the news about interest rates showing an increase in applications and a new surge in refinancing. Prices seem to have leveled off and we even have seen some reductions or selling incentives. New construction continues to dominate the market.

The local market for single family resales is showing an inventory of 4.4 months and an average listing time of 92 days.

In Barefoot, for our single family homes, we have:

• 10 active listings with a current average market time of 53 days
• 5 pending sales with an average of 74 days on market
• 8 sold properties since July 1st with an average market time of 85 days

The local market for multi family sales is showing an inventory of 6.5 months and an average listing time of115 days.

In Barefoot, for our Multi Family communities, we have:

• 65 active 2 bedroom units with an average of 94 days on market
• 27 active 3 bedroom units with an average of 70 days on market
• 8 active 4 bedroom units with an average of 105 days on market

All said, Barefoot Resort remains a premier community, where our pricing is more stable and our market times are shorter than average.