Second best April on record for Georgian Triangle home sales

Residential sales activity recorded through the MLS® System of the Georgian Triangle Association of REALTORS® remained very strong in April 2012, marking the seventh consecutive month of double digit year-over-year growth.
According to statistics provided by the Association, home sales numbered 186 units in April. This was the second best April sales figure ever reported. The record was set back in 2002. It was also an increase of 27 per cent from April 2011.
Some 543 homes have traded hands so far this year, up 22 per cent from levels in the first four months of 2011, and the second best start to any year on record after 2002.
New residential listings numbered 575 units in April 2012, up nine per cent from a year earlier and the highest level of any month on record.
There were 1,656 active residential listings on the Association’s MLS® System at the end of April 2012, an increase of four per cent from levels at the end of April 2011.
There were 9.8 months of inventory at the end of April on a seasonally adjusted basis, down from 10.3 months at the end of March. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The value of all residential transactions in April was $56.4 million, jumping 37 per cent from a year earlier. This was the highest monthly dollar volume on record.
Sales of all types of properties numbered 206 units in April, an increase of 22 per cent compared to the same month in 2011. The total value of all properties sold in April 2012 was $60.5 million, up 22 per cent on a year-over-year basis.
The Georgian Triangle Association of REALTORS® represents more than 360 REALTORS® registered with its member offices. The geographical area served by the Association covers the area known as the Georgian Triangle region of Ontario, and includes Clearview Township, Wasaga Beach, Collingwood, The Blue Mountains, Grey Highlands and Municipality of Meaford.
Provided by,
Doug Fraser, President

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Carol Ireland

Carol Ireland

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CENTURY 21 Millennium Inc., Brokerage*
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