Residential sales activity recorded through the
MLS® System of the Muskoka & Haliburton Association of
REALTORS® came in well above year-ago levels December
2011.
Home sales numbered 67 units in December 2011, a 63
per cent jump from the same month in
2010.
“Sales came in quite a bit stronger than expected
in December,” said David Reid, President of the Muskoka &
Haliburton Association of REALTORS®. “It was actually one of
the best December sales figures of the past decade, and that
pushed the 2011 annual total to its highest level since
2007.”
A total of 1,863 residential properties traded
hands over 2011. This was up two per cent from levels in
2010.
The average price for waterfront sales was $383,708
in December 2011, down 10 per cent from a year
earlier.
The non-waterfront residential average price was
$212,301 in December, a decrease of 11 per cent compared to
December 2010.
The dollar value of all residential sales in
December 2011 totalled $18.7 million, rising 55 per cent on a
year-over-year basis.
New residential
listings numbered 125 units in December, up 19 per cent from
levels recorded in the same month in
2010.
There were 870
active residential listings on the Association’s MLS® System
at the end of December 2011, an increase of three per cent
from the same time in 2010.
There were 9.3 months of inventory at the end of
December 2011 on a seasonally adjusted basis, down from 10.2
months at the end of November. The number of
months of
inventory is the number of months it would take to sell
current inventories at the current rate of sales
activity.
Sales of all property types numbered 93 units
in December, surging 41 per cent on a year-over-year basis.
The total value of those sales was $21.7 million, an increase
of 31 per cent from a year earlier.
