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Solid Start to the Year in I’On – As of 3/17/08

We have had a fairly busy first 2 1/2 months of the year in terms of selling activity for I’On homes. Through March 17th, 16 homes have gone under contract in I’On. This is almost on pace with 2007 as 17 homes had gone under contract in I’On during the same period last year.

13 homes have closed in I’On this year at an average selling price of $1,091,115 or $311 per square foot. Through the same period last year, 16 homes had closed in I’On. The average selling price of these homes was $1,081,341 or $353 per square foot. While this is not a lot of data to define a clear trend, it is evident that there is continued pressure on pricing in I’On, especially in terms of the selling price per square foot.

There are currently 9 homes pending, but not yet closed. Several of these should close before the end of the month. This is important if we want to keep on track with last year’s pace. In 2007, March was the strongest closing month of the year with 11 closed sales.

Right now, there are 83 homes on the market in I’On. That number is likely to increase in the next 30 days as there are more homeowners getting ready to put their home on the market for the “spring season”.

I’ll provide you with another update as we close out the first quarter of the year! I hope you’re enjoying this “taste of spring” that we are now experiencing in I’On.

Check out all of the homes currently on the market in I’On by going to . This is a page on my web site that is updated every day.

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