It’s hard to believe that we’re looking at statistics from the penultimate month of 2010! Here are a few observations on the embedded charts included herein:
• Overall, YTD November 2010 figures saw an increase in listings, expired listings and sales numbers versus same period last year.
• In the table above, we see significant increases year over year in the price category “$500,000 – $799,999” of 46% in number of units sold and in the “$1 Million and over” category a whopping 66.7% increase in unit sales!
• Geographically, Grey Highlands continues a strong showing this year, with number of unit sales YTD up a substantial 36.8% when compared to the same period last year.
• Town of Blue Mountain unit sales numbers have dropped 7.2% year over year and similarly Wasaga Beach unit sales dipped 4.5% YTD 2010 over YTD 2009.
Importantly, in the chart below, we see a comparison of sales-to-listings ratios for the months January through November 2009 and January through November 2010. November 2010’s sales-to-listing ratio is 33.81%, which means that only 1 house in 3 sells.
Although the individual monthly sales volume (units) since June 2010 has exhibited a downward trend, strong sales figures from January to May (2010) make the overall year to date number of sales 4.1% above 2009 figures for same period. Interestingly, monthly sales volume (dollars) show a similar downward trend in the last three months, but strong sales volumes earlier in the year have buoyed the overall sales volume (dollars) to a healthy 12.3% over 2009’s figures year to date.
What’s the forecast? We’re likely to see more of the same in December, finishing the year with a well-entrenched buyer’s market and conservative growth in most sectors of the market. Now, more than ever, seeking the advice of an experienced real estate professional is of utmost importance to successfully navigating today’s market.
Marg Scheben-Edey is a Broker with RE/MAX four seasons realty limited, Brokerage in beautiful Collingwood, ON. With three decades of experience, Marg is a leader in the local real estate marketplace and is ready to help guide both Buyers and Sellers in achieving their real estate goals. Email Marg