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Wasaga Beach 2010 Real Estate Sales Figures; August Update

Number Of Sales In Wasaga Beach Down But Average Prices Up

Following on from July the number of homes sold in Wasaga Beach was once again down in August compared to August 2010. Just over 10% less homes sold.

The average price though was up just over 15%.

For 2010 the number of homes sold is still up over 2009 as is the average price year on year. However the market does seem to be slowing down. The higher sales in early 2010 can possibly be attributed to the “fear” of interest rate rises from July on and also the impact of HST; buyers bought sooner rather than later.

Now that people realise that rates are not shooting up and are understanding the actual impact of the new HST when buying a home we may see more buyers taking action. From personal experience and talking to other agents the buyers have just not been willing to commit and have taken a wait and see attitude.

For buyers there is a lot of homes to choose from and as a result realistic pricing by serious sellers.

Average Sale Price August 2009 – August 2010 $266,438.

Average Sale Price August 2008 – August 2009  $247,479.

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This entry was posted on Thursday, September 2nd, 2010 at 4:26 pm and is filed under Market Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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