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Reply to "What is going on with Lakelands and Kentlands?"
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[quote=Anonymous][quote=Anonymous]NP. A healthy turnover rate--aka the percent of homes in a neighborhood for sale--is 7-8%. Between Kentlands and Lakelands there are roughly 3,000 residential units. That would translate to about 200 homes for sale. So in fact, the neighborhood real estate market is the opposite of what you proposed; it's quite tight. No one is selling. Of course it's the winter, so you'd have to check back in the spring and summer to get a sense of the peak turnover rate for a full real estate cycle.[/quote] That makes no sense. If you want to say 7% is healthy turnover then fine but that's PER YEAR. If you're saying 7% should be for sale right now then that's 84% turnover a year.[/quote]
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