SUMMERLAND MLS STATISTICS
Currently active 269, 41 newly listed last 31 days
Sold in February 13
Expired from market in February 11
INTERPRETATION & COMMENTS
A) still more than one new listing per day coming on market = supply issues remain #1 black mark on this market
B) more sold than expired in February, a positive
C) same period last year had 18 solds, 2012 represents a significantly weaker demand than same period last year. However, 30% of the sales from last year same period were COURT ORDERED SALES.
Remove those sales, and demand is actually IMPROVED! a wee bit…sort of…you get the picture though, right?
For a specific market update on your property, let me know and I will be pleased to help. Patrick Murphy 250 486 2529
Follow me on twitter: @pmurphy88