Great news!  Home and Villa real estate sales were up significantly in August 2009 versus August 2008.  We had 54 villas sell this year versus 50 in August of 2008.  We did see a decrease in sales price in these transactions. 

Lower priced villas are selling better than the higher priced villas.

For the last several months we have had more sales, but lower end priced homes have been selling much better.  We had 71 homes go under contract in August 2009 versus 51 sales in 2008. 

We finally had some of the more expensive homes sell; the average price was $1,191,000 in 2009 versus $860,000 in 2008.