Ratio of Sales vs. Total Inventory = 7.40%
Condo -- Sales = 76
Condo -- New Listings = 177
Condo -- Current Inventory = 993
Condo -- Sell/Inv. Ratio = 7.65%
Condo -- Days to Sell = 101
Average Price: $229,469
Average Median Price: $216,950
Townhouse -- Sales = 54
Townhouse -- New Listings = 113
Townhouse -- Current Inventory = 555
Townhouse -- Sell/Inv. Ratio = 9.73%
Townhouse -- Days to Sell = 99
Average Price: $366,403
Average Median Price: $336,750
Lots -- Sales = 27
Lots -- New Listings = 80
Lots -- Current Inventory =668
Lots -- Sell/Inv. Ratio = 4.04%
Lots -- Days to Sell = 137
Average Price: $224,654
Average Median Price: $160,000
Residential -- Sales = 136
Residential -- New Listings = 408
Residential -- Current Inventory = 1,742
Residential -- Sell/Inv. Ratio = 7.81%
Residential -- Days to Sell = 81
Average House Price = $490,364
Median House Price = $434,000
Description Total Listings Taken Inventory
This Month 963 5,338
Last Month 1,096 5,308
This Month Last Year 913 5,538
Description Total Units Sold Total Sales Volume
This Month 341 $139,426,985
Last Month 369 $143,876,785
This Month Last Year 249 $111,223,979
During the month of July, overall sales improved by 36.95% over last year (to 341 units from 249) and were similar to June (343), with sales volumes of $139.4 million compared to $111.2 million in 2010. Total residential sales last month were up 36.04% compared to July 2010 (to 302 units from 222), and single family home sales rose 24.77% over last year (to 136 compared to 109), but were down 25.27% from June (182). While inventory continues to decline over 2010 – down by 3.49% to 5,332 units in July compared to 5,525 last year, new listings for the month rose by 5.48% over last July (to 963 from 913) – a 11.97% decline over June listings (from 1,094).
Complete OMREB Statistics and Statistical Graph for July 2011
Disclaimer: Monthly sales statistics are based on the sales reported by real estate offices as of the last day of the month. As a result, there may be some lag time in reporting sales and other minor adjustments in the total results are made accordingly.
If you would like more in depth statistics or have any general questions please contact me at (250) 808-7700 or at jason.neumann@century21.ca
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Sincerely,
Jason Neumann