February 2010 Stats you Should Know

It's that time again! Are you curious to know how things have changed in the Peterborough and surrounding area's real estate market since last month this time?

Please click on the link below to review the updated real estate statistics for the month of February 2010 in Peterborough and the surrounding areas (information gathered from sales and listing information from within the Peterborough and Association of REALTORS® Board) (PKAR)

For more detailed information on February’s real estate statistics for Peterborough and the surrounding areas, please click HERE

To highlight a few points...

Listings continue to be a concern.  We did see a nice increase in February with 471 new listings compared to 416 in 2009 (a 12% increase in NEW listings), but on the year we currently have 1605 active listings compared to 2092 in February 2009 – Still 30% LESS inventory than last year this time.

If you’ve recently though about putting your house on the market, NOW is the time!!

Our “average days on the market” currently sits at 64 days versus the 81 days of average market time last year this time (Feb., 2009). Homes are selling much quicker than they normally do this time of year, the main reason – there isn’t a whole lot of options out there considering the amount of buyers!

On a real positive note, the number of sales on the year (from February 1, 2010 to February 28, 2010) was UP with a total of 280 sales this year versus 194 sales for the month of Debruary in 2009; a total increase in sales of 31% - WOW!

The average sale price has also increased from $207,471 last year (February 2009) to $234,281 this year (2010).

                             

If you’ve recently though about putting your house on the market, NOW is the time!!

Call Me to find out HOW I will sell YOUR home!

No Question Is Wrong, What Matters Is You Get The Right Answer!

Crystal Edwards

Sales Representative

Century 21 United Realty Inc. Brokerage

Independently Owned and Operated

www.twitter.com/CrystalEdC21

Crystal Edwards

Crystal Edwards

Sales Representative
CENTURY 21 United Realty Inc., Brokerage*
Contact Me

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