The chart below tells the story of the 2008 sales numbers compared to 2007. These numbers tell the story of sales from Government Camp, Rhododendron, Welches and Brightwood.

Pending sales for the year were down 21% from the year before and total sales declined 10.5% from 2007. Total residential sales closed hit 117 and land sales totaled 8 for the year. There were 358 new listings last year. Doing the rough math a seller had a 33% chance of selling their property last year in general but there were definate segments of the market that did better than others. The median sales price was $234,000.

As job losses mount and prices keep declining, approximately 20% in major metro markets, 2009 will be an interesting year.