Market Capture for Existing Residences EOY2002/Q1-2003
There were 11 sales reported in Area 8 (Downtown) of SWMLS, in excess of $250,000
Areas 1-13 (ABQ, excludes Sandoval & Valencia county reported sales of 978 homes in excess of $250,000
Based on a typical sales volume year, Gold Ave. Needs to capture 0.911% of the resales market to sell out
Based on the existing reservations (sales), and remaining units to be sold, Gold Avenue Lofts, only needs to capture 2.095% to sell out.
If all 41 units has to be sold with no pre-sales, Gold Avenue Lofts will be creating the upper end market for lofts downtown, and needs to capture 4.19% of the upper end new single family construction to sell out.