Tuesday, November 4, 2008

What is Happing in Mesquite?

As you probably know the World Long Drive Competition just concluded at the new Mesquite Regional Park (behind the hospital). The winner was a 24 year old from Canada that won with a 418 yard drive (just under 1/4 mile) He took home the $250,000 prize money. The event will be aired on ESPN during the Christmas Holiday.

The Real Estate Business is still slow yet consistent. I have had a number of calls form friends and clients looking for good prices on homes and condos (which we do see) and others looking to sell (which we are still selling over half of our own listings). Foreclosures and short-sales are few in our market. We currently have 449 total listings on the Mesquite MLS and 21 are either bank owned foreclosures or short sales. These are varied with some being homes, attached townhomes and condos. Compare this many other areas and you will see, it could be a lot worse.

Some good news is that new home sales in Mesquite are up for the third month in a row. Many of the new homes are being built in Sun City Mesquite. There are also various other builders that have new starts going up all around town.

Overall, Mesquite is not totally isolated from other larger markets nearby, however I feel that Mesquite is a little pocket that is insulated from many problems that are happening. My feelings are that the little city of Mesquite will continue to grow and the best is yet to be!

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