Q1 2018 – Georgian Triangle Market Report

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Strong March Volume Sales Rebound from Slower February Sales

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Highlights:

FIRST-QUARTER SALES VOLUME OF $183,657,997

Down 20% from 2017’s record $230,320,439, with units of 383 down 22% from 2017’s record

489. New listings of 142 up 108% from last year, with the sales/listings ratio of 56% down 20%.

MARCH SALES VOLUME OF $91,340,599

Down 14% from 2017’s record $105,940,407. Units of 181 down 24% from last March’s 239. New listings of 284 down 6% from last year, while the sales/listing ratio of 64% was down 15%.

YEAR-TO-DATE AVERAGE SALE PRICE OF $479,525
Up 3% from the $467,181 of a year ago. Average days-on-market of 53 is down by 1 day.

THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY

After a very slow February with a 43% sales/listings ratio, March rebounded with a sales/listings ratio of 64%. As well, March’s average sale price of $504,644 was up 11% from February and up 14% from last March. So while this year’s market has so far been in ux, it’s still a sellers’ market.

Q1-2018 – Georgian Triangle Market Report_

Q1-2018 – Georgian Triangle Market Snapshot_

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