Annual Sales Activity in 2009 Tops Previous Year
According to statistics provided by the Canadian Real Estate Association, the total home sales recorded in December 2009 on the MLS® System totalled 207 units, 56 per cent above levels in the same month in 2008. This is the seventh consecutive year-over-year increase.
The fourth quarter of 2009 was the strongest on record. As a result, annual sales in 2009 surpassed level reported in 2008. Activity totalled 4,326 units in 2009, up seven percent from the previous year, in a year of Recession.
The total sales activity in the Barrie Region numbered 213 units in December, up 58% year over year. The total value of all properties sold in December 2009 was $55.4 million, an increase of 50% from the previous December.
The average price for homes sold via the Association’s MLS® System in 2009 was $263,959. This is virtually unchanged from the average price of $264,034 in 2008.
The number of active residential listings on the Association’s MLS® System dropped 26 per cent from a year earlier to 1,043 units at the end of December 2009. This is the eighth consecutive month in which active listings have declined from the peak levels of 2008. The last three declines have all been in excess of 25 per cent.
Trevor Shaw
Sales Representative
Re/max Chay Realty Inc., Brokerage
OFC: 705-722-7100
CELL: 705-791-5004