In the United States, real estate sales go through cycles, climbing to exotic heights, then dropping like a rock. Up here on Howell Mountain we share that experience.
We had a boom period in Angwin which reached a peak one year of 49 sales. And that was not just an aberration. Sales stayed in the 40's for the six years 1985 to 1990.
Our history over the past 27 years shows four cycles, the last of which seems to have materialized just a few months ago. last year.
Number One: Sales started descending from a high of 49 in 1988 and fell steadily to 15 in 1993. A dramatic bust from a dramatic boom.
Number Two: Sales started recovering from 21 sales in 1994 to a peak of 36 in 1999. Then collapsed to 16 in 2002. A short but complete cycle.
Number Three: The next boom began with a recovery that led to a heady peak of 36 in 2004, followed by another good year of 32 in 2005. Then came the bust. Sales dropped to 20 in 2006, and introduced a recession that lasted for seven long years. Sales bottomed out at 11. It happened everywhere in the U. S.
Number Four: The three years - 2012, 2013 and 2914 - saw us clawing our way upward with 28 sales in 2012, 35 in 2013, and 39 in 2014. A very healthy recovery from a long period of very few sales. But, then, what do you know! . .. a drop to 20 sales in 2015. End of another boom?