October Market Update City of Peterborough
|
MONTHLY SALE/LIST REPORT
( Results for this 10 month period have been rounded to the nearest dollar and percentage ) |
|
Month |
Average List Price |
Average Sale Price |
Sale to List Price |
Average List Duration |
Number Of Sales |
|
OCT-2007 |
222322 |
215904 |
97% |
49 days |
93 |
|
SEP-2007 |
218114 |
211807 |
97% |
44 days |
84 |
|
AUG-2007 |
221652 |
215563 |
97% |
46 days |
119 |
|
JUL-2007 |
216781 |
209775 |
97% |
43 days |
119 |
|
JUN-2007 |
227657 |
222756 |
98% |
40 days |
128 |
|
MAY-2007 |
232231 |
226920 |
98% |
52 days |
147 |
|
APR-2007 |
215180 |
210288 |
98% |
38 days |
142 |
|
MAR-2007 |
219046 |
213070 |
97% |
38 days |
93 |
|
FEB-2007 |
203754 |
198436 |
97% |
36 days |
95 |
|
JAN-2007 |
211181 |
205149 |
97% |
52 days |
80 |
|
Averages: |
219661 |
213906 |
97 % |
44 days |
1100
|
|
MONTHLY SALE/LIST REPORT
( Results for this 10 month period have been rounded to the nearest dollar and percentage ) |
|
Month |
Average List Price |
Average Sale Price |
Sale to List Price |
Average List Duration |
Number Of Sales |
|
OCT-2008 |
215865 |
208872 |
97% |
52 days |
103 |
|
SEP-2008 |
239241 |
231931 |
97% |
60 days |
97 |
|
AUG-2008 |
230898 |
222946 |
97% |
46 days |
103 |
|
JUL-2008 |
231605 |
223548 |
97% |
48 days |
118 |
|
JUN-2008 |
235448 |
229070 |
97% |
43 days |
121 |
|
MAY-2008 |
231634 |
226438 |
98% |
46 days |
138 |
|
APR-2008 |
220156 |
214308 |
97% |
46 days |
123 |
|
MAR-2008 |
225757 |
220308 |
98% |
54 days |
99 |
|
FEB-2008 |
227387 |
221994 |
98% |
50 days |
95 |
|
JAN-2008 |
226033 |
219613 |
97% |
47 days |
66 |
|
Averages: |
228557 |
222082 |
97 % |
49 days |
1063
|
Sales continue to be a challenge in the Peterborough housing market, but were not seeing the same effects as our neighbours to the south.
In October the average list price was $215,865, which is down from last years record year of $222,322. A drop of 2.9%
The average sale price was $208,872, which is also down from last year's record year of $215,904. A drop of 3.3%
The average sale to list price remains at 97% for the month.
The average list duration increased by 3 days to 52 days on the market as compared to 49 days last October.
The number of sales in October was 103. Up 10 units from 2007. This is a 10.8% increase over last year.
Looking at our year to date numbers our average list price is up $8,896 or 4.1% compared to 2007
Our average sale price is $222,082. Up $8,176 or 3.8% from 2007
Sale to list price remains at 97% year to date.
Our homes are on the market on average for 49 days, this is up 5 days from last year.
The final but most important number is the amount of sales. Currently we have had 1063 sales which is only down 37 units or -3.4%. I cannot stress enough how 2007 was a record year for us in Canada. So being only down 37 units for single family homes in the City of Peterborough is a strong indication on how strong our market really is.
Thanks for stopping by to read my blog. I hope you find this information useful.
Constantine Isslamow
Broker/Manager
Posted by Constantine Isslamow
on November 3, 2008