Real Estate Market Watch

Market Watch (Jan 07 – May 07 VS Jan 08 – May 08)

The Orangeville market has certainty slowed down with regards to sales of homes priced under $400,000. This price range has dropped 16 percent in the over the same time last year. However the number of sales in the $400,000 plus price range only dropped slightly in 2008.

The Dufferin market has also slowed significantly in both price ranges. Homes sold under $400,000 have dropped 30 per cent when compared to the first 5 months of last year; sales over $400,000 have dropped 40 percent.

The Shelburne market has also shown a slowed down with regards to sales of homes priced under $300,000. This price range has dropped 19 per cent in the last year. However the number of sales in the $300,000 plus price range increased by 50 percent in 2008.

Buyers really do have lots to choose from, so if your thinking about a purchase or want more information please call me at 519-215-0107