Ratio of Sales vs. Total Inventory = 8.40%
Condo -- Sales = 54
Condo -- New Listings = 197
Condo -- Current Inventory = 945
Condo -- Sell/Inv. Ratio = 5.71%
Condo -- Days to Sell = 100
Average Price: $232,630
Average Median Price: $210,000
Townhouse -- Sales = 51
Townhouse -- New Listings = 114
Townhouse -- Current Inventory = 493
Townhouse -- Sell/Inv. Ratio = 10.34%
Townhouse -- Days to Sell = 84
Average Price: $347,035
Average Median Price: $319,000
Lots -- Sales = 18
Lots -- New Listings = 115
Lots -- Current Inventory = 572
Lots -- Days to Sell = 198
Average Price: $219,448
Average Median Price: $208,780
Residential -- Sales = 174
Residential -- New Listings = 478
Residential -- Current Inventory = 1,524
Residential -- Sell/Inv. Ratio = 11.42%
Residential -- Days to Sell = 79
Average House Price = $486,609
Median House Price = $433,750
Description Total Listings Taken Inventory
This Month 1,122 4,750
Last Month 1,022 4,506
This Month Last Year 1,362 4,959
Description Total Units Sold Total Sales Volume
This Month 341 $130,014,844
Last Month 251 $96,340,043
This Month Last Year 387 $150,571,796
Active listings and overall inventory were down from March 2010 (4,750 units compared to 4,959 last year), the 1,122 new listings taken fell by -17.85% over last year (1,361) but rose +10.43% from last month (1,016). Overall unit sales and total sales volumes dropped -12.14% this March (to 340 from 387 – totaling $129.34 million compared to $150.51 million in 2010), and total residential units sold declined -12.57% (to 306 from 350 in 2010) but climbed +39.09% over February 2011 (220).
The average price for a single family home is up 5.89% compared to last year at this time ($486,609 from $459,546), while the median price rose 2.06% ($433,750 from $425,000 in 2010).
Complete OMREB Statistics and Statistical Graph for March 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