Another great month of sales in the Georgian Triangle! April sold units where 209 compared to 161 in 2009. and the dollar volume was $59,962,610 compared to $43,007,161 last year. Interestingly the price range between $350K and $500K has seen a 102.7% increase in units sold and between $500K and $800K a 100.0% increase. All ranges have increased a minimum of 23%, but these have been the areas of biggest gains. The average sale price has increased by 11.6% going from $276,138 to $308,137. I also have statistics by area so I you would like more specific information please contact me. I will be happy to provide a more detailed overview geared to your area.
My concern for sellers is the number of properties coming on the market suddenly. Our sale to listing ratio for April is at 30% and year to date at 26.77% and I expect that it will slip lower for May. This means that less than 1/3 of all properties coming on the market will sell. We are firmly in a buyers market so don't hesitate! Mortage rates are still low and you can avoid the additional costs to services coming with HST on July 1st!