In the following table are statistics for real estate sales on the Manitoulin Island. (The property category is Single Family Residences.)
|
|
Listings |
Sales |
Ave Price |
|
2008 |
165 |
57 |
$ 129,142 |
|
2009 |
141 |
67 |
$ 159,625 |
|
2010 |
175 |
75 |
$ 156,155 |
|
2011 |
196 |
68 |
$ 160,551 |
|
2012 |
202 |
92 |
$ 184,007 |
Note: These statistics are based on listings & sales processed through the Sudbury Real Estate Board.
In 2012, another local brokerage joined our board.
As noted above, included in the 2012 sales are units sold by a brokerage that was not reporting to our real estate board previously. Therefore comparative analysis is difficult.
What is obvious is the increase in the average selling price. I believe this can be explained by the increase in the sales of higher end properties. Refer to the table below.
|
|
>$300k |
>$350k |
>$400k |
|
2008 |
0 |
0 |
0 |
|
2009 |
8 |
4 |
2 |
|
2010 |
5 |
4 |
0 |
|
2011 |
4 |
2 |
0 |
|
2012 |
11 |
8 |
4 |