We have dodged the Slump

EVERYONE LIKES NUMBERS

The article below got me to thinking what our company numbers might be compared to the number published in the Chronicle Herald last week on the provincial real estate sales. I thought it would be interesting to compare our province wide company numbers with the aggregate province wide numbers.

The numbers that were quoted were:

Aggregate Sales (July data)

Average home price across province $192,160; Average home price in Halifax $236,514; Average home price in Cape Breton $119,143

Tradewinds Sales only (past 365 days)Total Listings Sold: 232

Total Sold Value: $64,325,890

Average monthly Sales $5,360,490

Average Sold Value: $277,266
Sold Over $1 Million: 5
Sold Under 1 Million: 227

 ……..

As a provincial real estate company we are holding are own against the provincial numbers and are selling above the provincial average sale price.

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CHRONICLE HERALD ARTICLE

http://thechronicleherald.ca/Business/1074720.html

National real estate slump hasn’t hit N.S.

Sat. Aug 23 – 4:46 AM
The Nova Scotia real estate market is continuing to outperform those in most other regions in Canada, says the head of the group representing sales agents.

Robert Wambolt, president of Nova Scotia Association of Realtors, said Friday that while national prices have slipped, provincial prices have held steady and new records have been set in Halifax.

Across the province, the average home price in July was $192,160. In Halifax the average was $236,514, and in Cape Breton the average home was valued at $119,143.

The total value of sales processed in July through the Multiple Listing Service, the association’s listing database, was $259.8 million, a decline of five per cent from total sales in July 2007. Based on the number of residential units, sales in July were most active in northern regions of the province, including Cape Breton.

Across the province the number of residential listings in July was up 15 per cent compared with July 2007, mirroring the national trend this month.

“The combination of a larger inventory of homes for sale and fewer home sales means less upward pressure on home prices in many markets,” said Mr. Wambolt in a release. “The challenge for many sellers is determining the right price for today’s market conditions.”