statistics to the end of october 2010 now available

 

Key facts for October

 the average selling price for singlefamilys over the period jan-oct 2010 are at an all time high for prices ever ...

 

the average selling price for waterfront cottages over the period jan-oct 2010, is virtually back  up to the peak in the year 2007

 

in Peterborough District  condos were  in the BALANCED market zone, while singlefamily and multifamily were in the SELLERS market zone

in Rural district, waterfront singlefamily were just in the bottom of the BALANCED market zone (almost dropping into the top of the BUYER market zone) , while  waterfront cottages and singlefamily with no water access  were in the SELLER  market zone

 when comparing jan-oct 2010 to jan-oct 2009

the number of properties sold is up in 2 categories, and very slightly down in 2 categories

the average selling price is up in 4 categories

and the average days on the market to sell is down in 4 categories

 despite all the positive news above, there is a growing number of home owners having difficulty paying their mortgages ..... to try and get a feel for the size of this problem in the area, i have added a chart on the market update web page showing how the number of "Power of Sales" sold has changed over the years, from a low in the year  2005 of just 4, to the high in the year 2009 of 35 .... perhaps 2010 will end lower than that 2009 peak and we can see the numbers eventually return to the level in the year 2005 ...this will of course depend to an extent on  the financial problems in Europe, with some of the countries  there, continuing not to  affect the canadian economy too much

 

to see the charts and tables with all the details go to

http://davidwoolverton.com

and see the web pages:-

market update   http://davidwoolverton.com/id10.html

price trends        http://davidwoolverton.com/id5.html

sellers market? http://davidwoolverton.com/id8.html