Market Stats and Update November 2010

Hi Everyone:  Thanks for checking in!  The stats have just been released and we are showing a small decline in unit sales for October with 164 compared to 193 for 2009.  Year to date we are still up slightly with our strong spring giving totals this year of 498 and 466 last year.  This month we are experiencing a 29.83% sale to listing ratio.  This shows that we are firmly in a buyers market!  On the positive side if you are considering buying an investment property, a recreational home or moving up in size there is a great selection available in most price ranges.  Mortgage rates are still quite low and remember the HST does not apply to resale residential properties.  These figures are supplied by the Georgian Triangle Real Estate Board.

Betty Hancey

Betty Hancey

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
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