Real Estate Sales for December

Happy New Year! 2010 saw a stabilization of the real estate market in Canada. It may be not have been the best year and did fall short of the previous year, however, overall the market was stable.

Based on the residential sales report from The MLS® System of the Barrie & District Association of REALTORS® Inc., last months sales were above a five-year average for the month. There were 193 units sold in December alone, a distinct increase as compared to the last 7 months. However, compared to December 2009, this data fell seven percent short.

The report also shows a pattern of annual sales. There were 4,105 units sold last year, one percent above 2008 but seven percent below 2009.

According to the President of Barrie and District Association of REALTORS®, Catherine Garbe, 2010 was a solid and stable year for home sales and December was the strongest month. To see more figures and data on December sales click here.

In conclusion, real estate sales in 2010 were satisfactory. Sales may have fallen short in comparison to previous years but there was no drastic decrease in percentage sales. In addition, sales performance for 2010 became stable, maintaining average sales and even increasing sales based on a month to month comparison. With good residential sales activity in 2010, we’re hoping 2011 will be great!

Until next time,
Jamie

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