Cohousing-L Mailing List: Re: VACANCY RATE POLL - Is Cohousing Overbuilt? How many vacancies at your community?

[Larry Miller (larry.miller]

"If you're willing to share, I'd love to know how many communities still have 
unoccupied units
for sale, how long they have been on the market, and whether any communities 
have seen what they
would perceive to be an overbuilding of cohousing units in their particular 
demand area."

When Oak Creek Commons was built, all homes were sold prior to completion of 
construction in
2004. Since that time, homes that have become for sale have either been sold 
before going on the
market or have sat for long periods. The ones that sold immediately were 
usually purchased by
people already in the community, either renters or someone wanting a different 
home.  The others
were generally handled by conventional real estate agents and had a difficult 
time appealing to
the normal real estate market. Part of this, of course, has been the downturn 
in the market over
the last 2 years. The last 2 homes on the market were withdrawn from sale.

Larry miller
Oak Creek Commons