b-LOG: October Market Summary (St. Catharines)
As we approach the end of 2013, our local real estate market continues to behave largely as expected. In this first graph, you will see the data for the number of new listings as well as the average asking price.
The number of new of listings is off by a whopping 1 listing while the average asking price is down just over a percent.
As we often say, the proof is in the pudding and the pudding in real estate is sold data. This next graph shows sold listings for the month versus the same time last year.
Here you will see the number of homes sold this October vs. last year is up just a touch (6.1%). Interesting to note that the days on the market number was up from 46 to 51 while the average sale price month to month remained unchanged.
Finally, we arrive at the year – to – date data. Basically, the numbers all moved in the right direction. The total number of sales as well as the average sale price both edged up while the length of time it took to sell came down. All good indicators.
As always, statistics need to be looked at from multiple angles. Time, market conditions, location factors etc all need to be considered. If you would like some info on your home and where it fits into today’s market, please feel free to contact us anytime. We would welcome the opportunity to put together a report for your property.
Thank you for visiting.
Thank-you for visiting.
Patrick, Jim & Liana.