November Sales Slightly Down but Average Price is Up in Wasaga Beach.

According to the latest report from the Canadian Real Estate Association,  Residential property sales recorded through the MLS® System of the Georgian Triangle Real Estate Board remained below last year's levels in November 2010, but are considered stable when looking over the entire year.

According to statistics provided by the Board, there were 117 home sales in the Georgian Triangle Area in November 2010, down nine per cent from the same month last year. It was still one of the better months of November on record.

“November was a solid month for home sales in the region,” said Rob Dubien, President of the Georgian Triangle Real Estate Board. “With just one month left to go this year, it’s looking like activity in 2010 will come in a little ahead of last year’s annual total.”

Total sales numbered 142 units in November, a decrease of 14 per cent compared to the same month in 2009. The total value of all properties sold in November 2010 was $39 million, falling 18 per cent on a year-over-year basis. However, these numbers are much better than 2008 where there were only 87 sales recorded for the entire month of November.

Taking a closer look at Wasaga Beach, November sales were down 4.5%, but the average sale price is higher, $266,956 vs $255,300 for 2009. There was a 4% increase in listings over this month last year. 

Overall, the outlook is hopefull for 2011. Stay tuned for the end of year wrap up!

 For full article, go to: http://creastats.crea.ca/coll/