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Market Watch 

According to the real estate Company's Housing Barometer Report, which looks at market trends from 2000 to 2010, tighter inventory levels helped to make the last decade one of the healthiest periods on record for Canadian Real Estate.

By far the tightest Market in the nation was Winnipeg, where sellers rule the roost for 85% of the decade. That was followed by Hamilton-Burlington (67%), Regina (63.6%), Kitchner-Waterloo (59.8%) and Edmonton (57.5%).

In the last decade an average house in Winnipeg has increased in sales price from $ 88,000s to $ 228,000. Average price increases from 2000 to 2010 range from an annually compound rate of return of 4.82% in London-St.thomas to a high of 9.56% in Regina.

The National average is 6.82% and in Winnipeg the Rate of return was 9.01%

January 2012 Residential Sale

With the exception of 1997 when January Sales were at 660. January 2012 Sales activity ranks among the best results for all Januarys as none have ever threatened the 600 sales level.

January MLS sales were down just 2 properties (564 from 566), while dollar Volume was up 7% in comparison to the same month last year.

New listings entered on the MLS. in January of 1,045 were off 8% from January 2011.

The most active residential-detached price ranges were almost evenly divided amongst three price ranges between $ 150,000 to $ 299,999. These sales represented 51% of the total sales.

Close behind the three Price Ranges was $ 100,000 to $ 149,999 with 15% of the total sales.

Condominium Sales were a different storey with only one price range from $ 150,000 to $ 199,999 making up 43% of all sales.

The Average Days on Market to sell a home in January was 42 days, 2 weeks slower than last month and the same pace as January 2011.

The Average Days on Market for Condominium Sales was 35 days, 2 weeks slower than last month and 3 days quicker than January 2011. 

 

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