On Tuesday, GHI reported 14 homes selling in the first quarter of 2012, and seven contracts already pending in the second quarter, which began April 1.
GHI General Manager Eldon Ralph said sales are better thus far in 2012 than they have been since 2007, but it is still too soon to tell if they are going to turn around from the decline of the last four years.
Ralph pointed to a recent example of how homes tend to do better, even in today’s market, when they are in good condition and are presentable.
According to Ralph, GHI sold a home in around two weeks that had been returned to it from a member, and it was priced more than $20,000 higher than some similar sized units. It was a two bedroom frame home that GHI had done a lot of repair work on — including painting, removing paneling, replacing the flooring and upgrading the kitchen.
Ralph said he thought it sold for around $120,000 while there were some other 2 bedroom frames that sold for under $100,000.
GHI SALES TO DATE (APRIL 10) & ANNUAL SALES SINCE 2003
Year Sold to Date Year End
2003 - 21 106 Settlements
2004 - 10 125 Settlements
2005 - 12 108 Settlements
2006 - 15 109 Settlements
2007 - 17 102 Settlements
2008 - 6 64 Settlements
2009 - 7 67 Settlements
2010 - 10 73 Settlements
2011 - 7 57 Settlements
2012 - 14 7 contracts pending