You are on page 1of 7

0RQGD\6HSWHPEHU

<RXU/RFDO0DUNHW
V 5$1&+26$17$
([HFXWLYH6XPPDU\ Single Family Homes

7KLV:HHN
5HDO7LPH0DUNHW3URILOH 7UHQG
0HGLDQ/LVW3ULFH  r
$VNLQJ3ULFH3HU6TXDUH)RRW  r
7KHPHGLDQOLVWSULFHLQ5$1&+26$17$0$5*$5,7$&$WKLVZHHN $YHUDJH'D\VRQ0DUNHW '20  
LV
3HUFHQWRI3URSHUWLHVZLWK3ULFH'HFUHDVH 
3HUFHQW5HOLVWHG UHVHW'20 
,QYHQWRU\KDVEHHQGHFUHDVLQJODWHO\EXWWKH0DUNHW$FWLRQ,QGH[LV
IDOOLQJDOVR:LWKGD\VRQPDUNHWFOLPELQJWKHVHDUHUHODWLYHO\ 3HUFHQW)OLS SULFHLQFUHDVHG 
QHJDWLYHLPSOLFDWLRQVIRUWKHPDUNHW 0HGLDQ+RXVH6L]H VTIW 
0HGLDQ/RW6L]H /HVVWKDQ
0HGLDQ1XPEHURI%HGURRPV 
0HGLDQ1XPEHURI%DWKURRPV 

6XSSO\DQG'HPDQG 0DUNHW$FWLRQ,QGH[ 6WURQJ6HOOHU


V  

:KLOHWKH0DUNHW$FWLRQ,QGH[VKRZVVRPHVWUHQJWKHQLQJLQWKHODVW r 1RFKDQJH  6WURQJXSZDUGWUHQG nn 6WURQJGRZQZDUGWUHQG


IHZZHHNVSULFHVKDYHVHWWOHGLQDELWRIDSODWHDX:HFXUUHQWO\LQ
D6HOOHU
VPDUNHWVRSULFHVZLOOOLNHO\UHVXPHWKHLUFOLPEVKRXOGWKLV  6OLJKWXSZDUGWUHQG n 6OLJKWGRZQZDUGWUHQG
WUHQGSHUVLVW

3ULFH
0DUNHW$FWLRQ,QGH[ 7KHPDUNHWVHHPVWRKDYHSDXVHGDURXQGWKLVSODWHDX7KH
0DUNHW$FWLRQ,QGH[LVDJRRGOHDGLQJLQGLFDWRUIRUWKHGXUDELOLW\
RIWKLVWUHQG

3ULFH7UHQGV

'D\5ROOLQJ$YHUDJH 'D\5ROOLQJ$YHUDJH %X\HU6HOOHU&XWRII

7KH0DUNHW$FWLRQ,QGH[DQVZHUVWKHTXHVWLRQ+RZ
VWKH
0DUNHW"E\PHDVXULQJWKHFXUUHQWUDWHRIVDOHYHUVXVWKH
DPRXQWRIWKHLQYHQWRU\,QGH[DERYHLPSOLHV6HOOHU
V
0DUNHWFRQGLWLRQV%HORZFRQGLWLRQVIDYRUWKHEX\HU

4XDUWLOHV
'D\5ROOLQJ$YHUDJH 'D\5ROOLQJ$YHUDJH

&KDUDFWHULVWLFVSHU4XDUWLOH ,QYHVWLJDWHWKHPDUNHWLQTXDUWLOHV
ZKHUHHDFKTXDUWLOHLVRIKRPHV
RUGHUHGE\SULFH
4XDUWLOH 0HGLDQ3ULFH 6T)W /RW6L]H %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '20

7RS)LUVW   VTIW        0RVWH[SHQVLYHRISURSHUWLHV


8SSHU6HFRQG   VTIW        8SSHUPLGGOHRISURSHUWLHV

/HVVWKDQ
/RZHU7KLUG   VTIW        /RZHUPLGGOHRISURSHUWLHV

/HVVWKDQ
%RWWRP)RXUWK   VTIW        /HDVWH[SHQVLYHRISURSHUWLHV

3RZHUHGE\$OWRV5HVHDUFK//&_ZZZDOWRVUHVHDUFKFRP_&RS\ULJKW$OWRV5HVHDUFK//&
<RXU/RFDO0DUNHW
V
0$5.(783'$7(
5$1&+26$17$
0$5*$5,7$&$

&XUUHQW5HDO(VWDWH0DUNHW&RQGLWLRQVIRU6LQJOH)DPLO\+RPHV
7UHQGVLQ3ULFLQJ
&XUUHQW/HYHOVRI6XSSO\DQG'HPDQG
9DOXH0HWULFV

5HSRUWIRUWKHZHHNRI
6HSWHPEHU

3UHVHQWHGE\<RXU/RFDO0DUNHW5HSRUWV




3RZHUHGE\$OWRV5HVHDUFK//&_ZZZDOWRVUHVHDUFKFRP_&RS\ULJKW$OWRV5HVHDUFK//&
&LW\2YHUYLHZ 6LQJOH)DPLO\+RPHVLQ


5$1&+26$17$
0$5*$5,7$&$

7KLV:HHN 5HDO7LPH0DUNHW3URILOH 7UHQG


7KHPHGLDQOLVWSULFHLQ5$1&+2 0HGLDQ/LVW3ULFH  r
6$17$0$5*$5,7$&$WKLVZHHNLV $YHUDJH/LVW3ULFH 
7KHSURSHUWLHVKDYH $VNLQJ3ULFH3HU6TXDUH)RRW  r

EHHQRQWKHPDUNHWIRUDQDYHUDJHRI $YHUDJH'D\VRQ0DUNHW 'R0  


GD\V ,QYHQWRU\RI3URSHUWLHV/LVWHG  nn

0RVW([SHQVLYH/LVWLQJ 
,QYHQWRU\KDVEHHQGHFUHDVLQJODWHO\ /HDVW([SHQVLYH/LVWLQJ 

EXWWKH0DUNHW$FWLRQ,QGH[LVIDOOLQJ $YHUDJH$JHRI/LVWLQJ 
DOVR:LWKGD\VRQPDUNHWFOLPELQJ 3HUFHQWRI3URSHUWLHVZLWK3ULFH'HFUHDVH 
WKHVHDUHUHODWLYHO\QHJDWLYH 3HUFHQW5HOLVWHG UHVHW'20 
LPSOLFDWLRQVIRUWKHPDUNHW 3HUFHQW)OLS SULFHLQFUHDVHG 
0HGLDQ+RXVH6L]H VTIW 
0HGLDQ/RW6L]H /HVVWKDQVTIW
0HGLDQ1XPEHURI%HGURRPV 

6XSSO\DQG'HPDQG
0HGLDQ1XPEHURI%DWKURRPV 

$OWRV5HVHDUFK9DOXH6WDWLVWLFV
:KLOHWKH0DUNHW$FWLRQ,QGH[VKRZV 0DUNHW$FWLRQ,QGH[ 6WURQJ6HOOHU
V  

VRPHVWUHQJWKHQLQJLQWKHODVWIHZ 7KH0DUNHW$FWLRQ,QGH[DQVZHUVWKHTXHVWLRQ+RZ
VWKH0DUNHW"E\PHDVXULQJ
WKHFXUUHQWUDWHRIVDOHYHUVXVWKHDPRXQWRIWKHLQYHQWRU\,QGH[DERYH
ZHHNVSULFHVKDYHVHWWOHGLQDELWRI LPSOLHVDVHOOHU
VDGYDQWDJH%HORZFRQGLWLRQVJLYHWKHDGYDQWDJHWRWKH
DSODWHDX:HFXUUHQWO\LQD6HOOHU
V EX\HU
PDUNHWVRSULFHVZLOOOLNHO\UHVXPH
WKHLUFOLPEVKRXOGWKLVWUHQGSHUVLVW 7UHQG.H\  6WURQJXSZDUGWUHQG nn 6WURQJGRZQZDUGWUHQG
r 1RFKDQJH  6OLJKWXSZDUGWUHQG n 6OLJKWGRZQZDUGWUHQG

&KDUDFWHULVWLFVSHU4XDUWLOH

4XDUWLOH 0HGLDQ3ULFH 6T)W /RW6L]H %HGV %DWKV $JH ,QYHQWRU\ 1HZ $EVRUEHG '20


7RS)LUVW   VTIW        0RVWH[SHQVLYHRISURSHUWLHV


8SSHU6HFRQG   VTIW        8SSHUPLGGOHRISURSHUWLHV

/HVVWKDQ
/RZHU7KLUG   VTIW        /RZHUPLGGOHRISURSHUWLHV

/HVVWKDQ
%RWWRP)RXUWK   VTIW        /HDVWH[SHQVLYHRISURSHUWLHV

3DJHRI 0RQGD\6HSWHPEHU
6LQJOH)DPLO\+RPHVLQ
&LW\2YHUYLHZ

5$1&+26$17$
0$5*$5,7$&$

0HGLDQ3ULFH
7KHPDUNHWVHHPVWRKDYHSDXVHGDURXQGWKLVSODWHDX7KH0DUNHW$FWLRQ,QGH[LVDJRRGOHDGLQJLQGLFDWRUIRUWKHGXUDELOLW\RI
WKLVWUHQG

GD\$YHUDJH GD\$YHUDJH

4XDUWLOH3ULFHV
3ULFHVKDYHVHWWOHGDWDSULFHSODWHDXDFURVVWKHERDUG3ULFHVLQDOOIRXUTXDUWLOHVDUHEDVLFDOO\PL[HG/RRNIRUDSHUVLVWHQWVKLIW
XSRUGRZQ LQWKH0DUNHW$FWLRQ,QGH[EHIRUHSULFHVPRYHIURPWKHVHFXUUHQWOHYHOV

)LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

3DJHRI 0RQGD\6HSWHPEHU
6LQJOH)DPLO\+RPHVLQ
&LW\2YHUYLHZ

5$1&+26$17$
0$5*$5,7$&$

3ULFHSHU6TXDUH)RRW
7KHPDUNHWSODWHDXLVVHHQDFURVVWKHSULFHDQGYDOXH7KHSULFHSHUVTXDUHIRRWDQGPHGLDQOLVWSULFHKDYHERWKEHHQ
UHDVRQDEO\VWDJQDQW:DWFKWKH0DUNHW$FWLRQ,QGH[IRUSHUVLVWHQWFKDQJHVDVDOHDGLQJLQGLFDWRUEHIRUHWKHPDUNHWPRYHVIURP
WKHVHOHYHOV

GD\$YHUDJH GD\$YHUDJH

,QYHQWRU\RI3URSHUWLHV/LVWHGIRU6DOH
,QYHQWRU\KDVEHHQIDOOLQJLQUHFHQWZHHNV1RWHWKDWGHFOLQLQJLQYHQWRU\DORQHGRHVQRWVLJQDODVWUHQJWKHQLQJPDUNHW/RRNWR
WKH0DUNHW$FWLRQ,QGH[DQG'D\VRQ0DUNHWWUHQGVWRJDXJHZKHWKHUEX\HULQWHUHVWLVFKDQJLQJZLWKWKHDYDLODEOHVXSSO\

GD\$YHUDJH GD\$YHUDJH

3DJHRI 0RQGD\6HSWHPEHU
6LQJOH)DPLO\+RPHVLQ
&LW\2YHUYLHZ

5$1&+26$17$
0$5*$5,7$&$

0DUNHW$FWLRQ,QGH[
7KH5$1&+26$17$0$5*$5,7$PDUNHWLVFXUUHQWO\TXLWHVWURQJO\LQWKH6HOOHU
V$GYDQWDJH]RQH JUHDWHUWKDQ 7KHGD\
0DUNHW$FWLRQ,QGH[VWDQGVDWLQGLFDWLQJYHU\OLWWOHVXSSO\UHODWLYHWRWKHGHPDQG

GD\$YHUDJH %X\HUV6HOOHUV&XWRII

0DUNHW$FWLRQ,QGH[SHU4XDUWLOH
1RWVXUSULVLQJO\DOOVHJPHQWVLQWKHPDUNHWDUHVKRZLQJKLJKOHYHOVRIGHPDQG:DWFKWKHTXDUWLOHVIRUFKDQJHVEHIRUHWKH
ZKROHPDUNHWFKDQJHV2IWHQRQHHQGRIWKHPDUNHW HJWKHKLJKHQG ZLOOZHDNHQEHIRUHWKHUHVWRIWKHPDUNHWDQGVLJQDOD
VORZGRZQIRUWKHZKROHJURXS

)LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

%X\HUV6HOOHUV&XWRII
5HVLGHQWLDOKRXVHSULFHVDUHDIXQFWLRQRIVXSSO\DQGGHPDQGDQGPDUNHWFRQGLWLRQVFDQEHFKDUDFWHUL]HG
E\DQDO\]LQJWKRVHIDFWRUV:DWFKWKLVLQGH[IRUVXVWDLQHGFKDQJHVLIWKHLQGH[IDOOVLQWRWKH%X\HUV
$GYDQWDJH]RQH EHORZ IRUDORQJSHULRGSULFHVDUHOLNHO\LQIRUDGRZQZDUGFRUUHFWLRQ

3DJHRI 0RQGD\6HSWHPEHU
6LQJOH)DPLO\+RPHVLQ
&LW\2YHUYLHZ

5$1&+26$17$
0$5*$5,7$&$

'D\VRQ0DUNHW
7KHSURSHUWLHVKDYHEHHQRQWKHPDUNHWIRUDQDYHUDJHRIGD\V+DOIRIWKHOLVWLQJVKDYHFRPHQHZO\RQWKHPDUNHWLQWKH
SDVWRUVRGD\V

GD\$YHUDJH GD\$YHUDJH

'D\VRQ0DUNHWSHU4XDUWLOH
,WLVQRWXQFRPPRQIRUWKHKLJKHUSULFHGKRPHVLQDQDUHDWRWDNHORQJHUWRVHOOWKDQWKRVHLQWKHORZHUTXDUWLOHV

)LUVW7RS 6HFRQG8SSHU 7KLUG/RZHU )RXUWK%RWWRP

3DJHRI 0RQGD\6HSWHPEHU

You might also like