From the Minden Times on line paper today
Real estate sales down, prices up
Residential property sales recorded in March through the tracking system of the Muskoka and Haliburton Association of Realtors were down from a year ago. Meanwhile, average selling prices for waterfront and non-waterfront properties were up.
Sales numbered 113 units in March, a decline of nine per cent on a year-over-year basis. Some 236 residential properties traded hands in the first three months of the year, just two per cent below levels over the same period in last year.
The average price for waterfront sales was $671,096 in March 2011, jumping 59 per cent from a year earlier.
The non-waterfront residential average price increased six per cent from year-ago levels to $239,839 in March 2011.
The dollar value of home sales in March 2011 totalled $40.1 million, rising 13 per cent from year-ago levels.
New residential listings on the association's system numbered 708 units in March, down six per cent on a year-over-year basis. There were 1,499 active residential listings on the system at the end of March 2011, up one per cent from the same month in 2010.
There were 9.8 months of inventory at the end of March 2011 on a seasonally adjusted basis, down from 10.5 months in February. 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.
Total sales activity numbered 151 units in March, down seven per cent on a year-over-year basis. The total value of those sales was $44.8 million, up 12 per cent from a year earlier.
More than 540 realtors belong to the association, which covers Haliburton, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, Almaguin Highlands and Lake of Bays.