In the following table are statistics for real estate sales on the Manitoulin Island. (The categories are SFR - Single Family Residences, and WF – All Waterfront Properties.)
|
|
SFR Sales – June 30th |
SFR Sales – Dec 31st |
WF Sales – June 30th |
|
2008 |
24 |
57 |
9 |
|
2009 |
30 |
67 |
11 |
|
2010 |
43 |
75 |
32 |
|
2011 |
28 |
68 |
19 |
|
2012 |
47 |
92 |
39 |
|
2013 |
26 |
- |
20 |
Note: These statistics are based on sales processed through the Sudbury Real Estate Board. In 2012, another local brokerage joined our board which increased reported sale numbers.
Summary:
As shown above unit sales for SFR's are down year-to-date. Note that even though the sales appear to be close to 2008 & 2011, we now have another brokerage contributing to the statistics. Therefore we actually could have had the slowest start in the last 5 years.
What is more concerning is the minimal amount of inquiries.
There is certainly time left in our selling season, therefore we will hopefully experience a recovery.