We've been trying to preach the gospel of local market knowledge and here's the best illustration I can find today. The Globe and Mail is reporting today ("Canadian home sales top expectations") that Canadian Real Estate statistics the show Third Quarter 2011 real estate sales are up 1.4 per cent from 2010, October sales were at the highest level since January 2011 and the national average price is up 5.5 per cent from Oct. 2010. That's just not the case in Meaford, Collingwood, Wasaga Beach and Stayner/Clearview. Third Quarter sales are down slightly from 2010 (0.003 per cent lower). October ales were up only slightly (0.79 per cent) over last October and the average sale price in the Georgian Triangle is up only a hair (0.038 per cent) over the average last October. We don't think it makes good sense to make your decisions about real estate transactions based on what the national newspapers are telling you. It's a part of the puzzle but we think there's real value in seeking out an informed local Realtor to interpret what's happening in your neighbourhood. |
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