March 2009 Quarterly Report
QUARTERLY REPORT
January 1, 2009 through March 31, 2009
|
Price Range
|
Current # of Listings
|
Avg # of Sales Per Month
|
Selling Price % of List Price
|
Ave Days on Market
|
Remaining # Months Inventory
|
|
$<145,000
|
13
|
4
|
92
|
70
|
3.3
|
|
$145-185
|
61
|
20
|
96
|
66
|
3.1
|
|
$185-225
|
82
|
21
|
97
|
64
|
3.9
|
|
$225-275
|
56
|
11
|
97
|
57
|
5.1
|
|
$>275,000
|
106
|
6
|
96
|
121
|
17.7
|
|
Total
|
318
|
62
|
96
|
69
|
5.1
|
PREVIOUS QUEARTER'S STATISTICS
October 1, 2008 through December 31, 2008
|
Price Range
|
Current # of Listings
|
Avg # of Sales Per Month
|
Selling Price % of List Price
|
Ave Days on Market
|
Remaining # Months Inventory
|
|
$<145,000
|
13
|
8
|
94
|
66
|
8.2
|
|
$145-185
|
49
|
17
|
96
|
53
|
3.1
|
|
$185-225
|
69
|
24
|
96
|
52
|
2.2
|
|
$225-275
|
48
|
12
|
97
|
75
|
6.3
|
|
$>275,000
|
77
|
6
|
96
|
89
|
14.8
|
|
Total
|
256
|
64
|
96
|
62
|
4.0
|
SAME QUARTER LAST YEAR STATISTICS
January 1, 2008 through March 31, 2008
|
Price Range
|
Current # of Listings
|
Avg # of Sales Per Month
|
Selling Price % of List Price
|
Ave Days on Market
|
Remaining # Months Inventory
|
|
$<145,000
|
|
4
|
96
|
35
|
|
|
$145-185
|
|
25
|
97
|
46
|
|
|
$185-225
|
|
27
|
98
|
39
|
|
|
$225-275
|
|
18
|
98
|
65
|
|
|
$>275,000
|
|
12
|
97
|
69
|
|
Here are a few thoughts of the first quarter of 2009. This report covers single family homes, sub-district 1-5
- We are currently sitting with 318 listings. We have an average of 62 sales per month giving us 5.1 months of inventory. This is up 1 month from last quarter. This comes as no surprise as we are seeing the spring market get a good kick start on listings.
- The average days on market is 69 days, this is up 7 days from last quarter.
- Selling price compared to list price remains flat at 96%
With the inventory level of 5.1 months, this is considered a balanced market. When we see inventory below 4 months it's considered a Sellers Market. When inventory is greater then 6 months, it is considered a Buyers Market.
I hope you find this information useful. Thanks for stopping by.
Constantine Isslamow
Broker/Manager
Source: Peterborough and the Kawarthas Association of REALTORS® MLS® Resale Data Sub-District 1-5 Single Family
Information deemed reliable, but is not guaranteed.
Posted by Constantine Isslamow
on April 4, 2009