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MARKET UPDATE STATISTICS
This web page was updated on the 17th August 2010
david woolverton Sales Representative
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The
data in these 2 tables are selected from the whole area of our board and include data from all MLS listed properties
from all the real estate companies with properties on our board data base. The first table is for data from the whole area covering both Peterborough city and outside the city
combined, The upper section shows the total sales
numbers, and the other 2 sections of the table look at the number of sales broken into categories for
first of all just the month of July and then for the year to
date jan-july ..... when looking at these
tables it is worth remembering that the financial crisis was at its worst at the end for 2008, so by then the
main realestate selling season for 2008 was mainly over and the figures for 2008 were not far off a typical year ....but 2009
was badly affected at the beginning of the year by buyer uncertainty caused by the world wide financial upheaval , and by
the time buyers were a little more optimistic later in 2009 the main buying season was coming to an end .. so 2009
was a weak year for the real estate market when comparing the year to date 2010 figures with
the same period in 2009 we are seeing large improvements over the weak 2009 figures except when comparing
just the month of July .. July 2009 saw a big surge in buyer confidence and buying to give higher than usual sales numbers,
while july 2010 saw lower than average sales numbers probably due the fact that many buyers tried to complete their
purchase prior to the 1st july commencement of HST. and
for the year to date (jan-july) in the bottom third of the table , all categories are showing
sales numbers higher in 2010 than in 2009 ... take a look at a chart to see how prices have change over the years
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. This second table looks in a bit more depth at 4 groups of properties comparing
jan-july in 2008, 2009 and 2010 the first group being in Peterborough
District .. which is Peterborough City in the database the other 3 groups are in the Rural District
... which is Peterborough County sales numbers and sold prices are up in all 4
groups average days on the market to sell is down for all 4 groups
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These general statistics for the whole of our area can be broken down to your own part
of the city, county or lake .... to give you an even better feel as to how the market where you
live/cottage is changing... give me a call or send me an email if you would like to discuss how these price and market
trends might affect selling your own property, or buying your next property
next update due in September 2010 |
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