Market Update for April 2011
Market Update for the Almaguin Highlands
For the first four months of 2011 the real estate market for the Almaguin Highlands saw a reduction in the number of properties listed and sold.
Properties Sold for the month of April
| 2011 | 2010 | ||
| Residential | 16 | 32 | -100% |
| Recreational | 8 | 10 | -25% |
| Lots / Acreages | 13 | 16 | -23% |
| Commercial | 0 | 2 | -14% |
Properties Sold Year to Date
| 2011 | 2010 | ||
| Residential | 50 | 76 | -52% |
| Recreational | 17 | 25 | -47% |
| Lots / Acreages | 34 | 35 | -3% |
| Commercial | 3 | 6 | -100% |
Listings to Date
| 2011 | 2010 | |
| Residential | 239 | 267 |
| Recreational | 141 | 140 |
| Lots / Acreages | 3 | 0 |
| Commercial | 34 | 37 |
The most important market analysis ratio is the sales to listing ratio which gives us a snapshot of what percentage of the listings on the market are selling. There are divergent opinions but generally a sales-to-listing ration of over 55% suggests that it is a Sellers Market. Under 35% is a Buyers Market, and in between is a Balanced Market.
Right now, the sales to listing ratio in the Almaguin Highlands is for the month of April 2011 and the end year to date is under 35% which denotes a Buyers Market for the same period in 2010 we were experiencing a Balanced Market.
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Information Supplied by Muskoka & Haliburton Real Estate Board