Skyline September Report - 2016


ANALYSIS SEPTEMBER 2016

PRICES: PRICES DOWN 2.77% DURING 2016

DEMAND: DEMAND DOWN 13.33%. UP TO SEPTEMBER 9 UNITS HAVE BEEN SOLD AND WE ESTIMATE A MAXIMUM OF 4 MORE UNITS WILL BE ABLE TO SALE DURING 2016.

DAYS ON MARKET: IT IS TAKING LONGER TO SELL A UNIT IN THE BUILDING. IN AVERAGE IT IS TAKING 179 DAYS TO SELL (40 MORE DAYS THAN IN 2015)

IMPORTANT NOTE: DURING THE 2nd QUARTER 3 PROPERTIES WERE ABLE TO SALE. NO SALES HAVE BEEN REPORTED DURING THE 3rd QUARTER OF 2016.

ADVICE FOR SELLERS: 2015 WAS THE PEAK IN THE BUILDING. IF YOU ARE NOT WILLING TO HOLD FOR SEVERAL YEARS, SALE NOW, BE AGGRESSIVE, HAVE A STRATEGY.