A Steady Flow of Buyers in First Half of 2011

June 10th, 2011

The Greenbrier Sporting Club has had continued success in the 2nd quarter of 2011, racking up 28 real estate transactions totaling over $21 million since the beginning of 2011. In fact, through May, The Sporting Club averaged a real estate purchase every five days. “Not only that,” adds Broker in Charge and Adviser to The Chairman, John Klemish, “but we’ve seen real estate purchased one in every nine days since Jim Justice purchased The Sporting Club. No one in America can make these claims at these price levels, and it’s all a testament to the desirability of living at America’s Resort.”

Homesites and homes continued to see some parity in volume sold, with lots averaging $361,667 and homes averaging $1,108,480. Since May of 2009, when Justice purchased the development, Klemish and his sales staff have seen 81 purchases, and many of those buyers are end-users. “The days of speculation appear to be over,” notes Klemish, “which bodes well not only for the sustainability of The Sporting Club, but also for the health of the community at large. “I feel we’ve finally found the bottom here at The Greenbrier Sporting Club. After a long decline in the market, the future looks brighter today than it has in the last 5 years.”