Ratio of Sales vs. Total Inventory = 7.36%
Condo -- Sales = 49
Condo -- New Listings = 190
Condo -- Current Inventory = 980
Condo -- Sell/Inv. Ratio = 5.00%
Condo -- Days to Sell = 104
Average Price: $289,912
Average Median Price: $284,000
Townhouse -- Sales = 41
Townhouse -- New Listings = 144
Townhouse -- Current Inventory = 569
Townhouse -- Sell/Inv. Ratio = 7.21%
Townhouse -- Days to Sell = 129
Average Price: $348,305
Average Median Price: $340,750
Lots -- Sales = 20
Lots -- New Listings = 75
Lots -- Current Inventory =686
Lots -- Sell/Inv. Ratio = 2.92%
Lots -- Days to Sell = 165
Average Price: $296,065
Average Median Price: $235,000
Residential -- Sales = 182
Residential -- New Listings = 447
Residential -- Current Inventory = 1,732
Residential -- Sell/Inv. Ratio = 10.51%
Residential -- Days to Sell = 85
Average House Price = $456,580
Median House Price = $422,500
Description Total Listings Taken Inventory
This Month 1,097 5,308
Last Month 1,212 5,223
This Month Last Year 1,182 5,769
Description Total Units Sold Total Sales Volume
This Month 343 $133,107,513
Last Month 366 $144,035,031
This Month Last Year 366 $157,755,008
June sales dipped by 5.51% over last year to 343 from 363, with sales volumes of $133.1 million compared to $156.8 million in 2010. However, sales improved 1.78% over May’s 337 sales. While total residential sales last month declined 6.89% compared to June 2010 (to 311 units from 334), single family unit sales were in line with last year (182 compared to 181), and improved 13.75% over May (160). Inventory continues to decline over 2010 – down by 8.11% to 5,301 units in June compared to 5,769 last year. New listings for the month fell by 7.21% over last June (to 1,094 from 1,179) – a 9.48% decline over last month (from 1,212 in May).
Complete OMREB Statistics and Statistical Graph for June 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