Third Quarter Average Price Review

12 Month Average Price Summary Charts:

Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09
306548 308826 312314 310813 301666 298817 295179 296804 298916 300154

 

Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09
160730 162923 165175 167488 168288 170829 168700 167536 170417 171080

 

 The speed and magnitude of the rebound in sales activity to date recently prompted the Canadian Real Estate Association to revise its May 2009 forecasted number of annual transactions. Instead of the 14.7 per cent decline that was projected based on poor 1st quarter results the updated forecast is predicting 2009 totals to be just .4% shy of 2008 levels. Canada’s housing market is on the road to recovery but is experiencing a pronounced undersupply of homes for sale in southern Ontario and other regions of the country. 
3rd Quarter 2009 – Regional Market Statistics
  Pelham Welland  St. Catharines  Niagara Region 
Quarterly Unit Sales +27.7% +7.9% -6.3% +5.6%
YTD Unit Sales +9.6% -11.8% -13.3 -7.6%
Average Price $300,154 $171,080 $203,030 $210,042
Change in Average PriceQ3 2009 vs 2008 +4.4% +.15 -2.3% -1.9
YTD New Listings -1.4% -6.2% -10.2% -7.9


Categories: Real Estate Market Update

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