Real estate sales in the Georgian Triangle during February provided mixed results relative to February last year. MLS® unit sales reported through the Georgian Triangle Association of REALTORS® totaled 128 individual properties compared to 116 in 2011, an increase of 10%. Conversely, dollar volume of $38.8 million was down $1.1 million or 3% from February 2011 which saw sales of $39.9 million. Absent this past month were some higher end sales in the $700,000 to $1 million dollar range. In February of last year, 7 MLS® sales were reported in the price range this past month just 2 properties of this value sold.
Above $1 million, 3 properties sold this February the same number as in February 2011.
After the first two months of 2012, year-to-date MLS® unit sales are up 21% with 232 properties having sold compared to 192 in the same period last year. Dollar volume is also running well ahead of 2011 with $70.8 million is MLS® sales thus far this year compared to $62.4 in 2011, an overall increase of 13%.
As is the norm when we start approaching spring, listing activity started to pick up during February but that has also been the trend so far this year giving buyers lots of inventory to choose from. The number of new MLS® listings during February jumped 17% over February of last year with 502 properties coming onto the market. Year-to-date MLS® listings total 1,010 properties, up 10% from the first 2 months of 2011.
In my next post I will review sales by municipality, in the meantime if you have any questions or comments please feel free to contact me. rickcrouch@propertycollingwood.com
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