1. January 1 – June 15, 2011 Presented by Chas Berle
State of the Market
January 1 – June 15, 2011
Presented by Chas Berle

3. Recent Sales Since January 1, 2011
Number Average Price Sold List* Sell % Frenchmans Reserve 17 1,242,347 1,079, Frenchmans Creek 12 1,316,000 1,073, Sanctuary 6 411, , Chambord 1 390, , San Michele 4 1,126, , *Most recent asking price Data Supplied by Regional MLS as of 6/15/2011

4. Currently For Sale* Number Average Asking Price
Frenchmans Reserve ,479,658
Frenchmans Creek ,829,250
Sanctuary ,380
Chambord ,090
San Michele ,164,625
* Resales only. Does not include New Homes or Models. MLS Data as of

5. Notes and Observations
There are currently over $125 Million in Homes for Sale in Frenchmans Creek and Frenchmans Reserve*
Homes priced properly will sell faster and at a higher percentage of most recent Asking Price.
There are only Twelve homes in Frenchmans Reserve priced at or below the trailing six month average of prices sold.*
There have been more resales in Frenchmans Reserve since Jan 1st (17) than all of 2010 (15).*
41 Resales for sale in Frenchmans Reserve is the fewest number “on market” in the last 2 years. Of those, 6 are currently listed as “under contract”.*
Toll Brothers has sold and closed on 5 new homes since January 1st. There are currently 5 more in some stage of construction.
Chas Berle sold the home with the fewest days on market in Frenchmans Reserve in 2011.*
There are 5 “short sales” listed in Frenchmans Reserve.*
Chambord prices continue to slide and buying opportunities exist for the savvy investor.
Financing Rates remain the lowest in years for qualified buyers.
* Jan 1, 2011 thru June 15, Data supplied by Regional MLS

6. Summary and Outlook
The Re-Sale market is improving since However, many houses are languishing on the market due to over-pricing.
With only 14 Heritage lots remaining, Toll Brothers is accelerating discounts and incentives for new home buyers. No Signature lots remain.
In Frenchmans Reserve, fewer re-sales make selling easier now….as long as pricing is realistic.
2011 Resales will exceed New Home sales in Frenchmans Reserve by a wide margin….for the first time ever!
Lot location is becoming more important and definitely affects pricing.

7. Call to Action!
If you are buying or selling, please give me a call for a more in-depth summary and the absolute LATEST information about the community you are interested in.
Chas Berle