Parry Sound Home Sales Very Strong in April

The following is the Parry Sound Real Estate Board's MLS Statistical Release as released by the Canadian Real Estate Association. The number of homes sold through the MLS® System of the Parry Sound Real Estate Board was up considerably from year-ago levels in April 2010 Meanwhile, new listings set a record for the month.

 According to statistics provided by the Board, home sales numbered 50 units in April 2010, 43 per cent above levels reported in the same month in 2009. This is the highest level from April sales activity in six years, and the third best ever.

 “Home sales came in very strong in April,” said Shirlene Johnston, President of the Parry Sound Real Estate Board. “It is likely that some future demand is being pulled forward by buyers motivated to finalize purchases in advance of interest rate hikes and the introduction of the HST.”

 Both new and active listings posted records for the month of April in 2010. The number of new residential listings on the Board’s MLS® System rose 25 per cent from year-ago levels to 147 units, the fourth consecutive increase. Active residential listings numbered 632 units at the end of April, up 17 per cent on a year-over-year basis.

 The residential average price of homes sold through the MLS® System of the Parry Sound Real Estate Board was $269,668 in April 2010. This is up 22 per cent from year-ago levels.

 The dollar value of all hme sales in April 2010 amounted to $13.5 million, up 74 per cent on a year-over-year basis. This is the highest dollar volume on record for the month of April.

 There were 12.6 months of inventory at the end of April 2010, down from one year earlier (15.4 months) and the lowest level since October 2009. 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 Parry Sound Real Estate Board is committed to a high standard of business practice, strong business ethics, and continuing education development that assists REALTORS® in effectively serving the real estate needs of the community. With over 100 Members, its REALTORS® service a large geographical area, extending from the French River to the north, southerly to Go Home Lake Road, easterly to the Highway 11 corridor, and westerly which includes the shores of Georgian Bay. 

Dan Payerl

Dan Payerl

Broker of Record
CENTURY 21 Granite Properties Ltd., Brokerage*
Contact Me