Renfrew Rebound


Renfrew Det 30-60 22-02-2010 10-05-28 PM

In Short

Active Listings at 42 with 9 sold and only 3 expired mandates. Average Ask Price climbed and the Average Sold Price increased and those sales took less time to sell – all that in the last 30 day period.


Looking to the earlier 60 day period the current period looks sunny as all indicators are up. Seems the Olympic spirit has spread to the Renfrew Neighbourhood.

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*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

1 Says:
February 23rd, 2010 at 8:00 am

1st of all Larry….thanks for the great data/insights – its really interesting/useful.

2nd of all….yes, Jan looks like it was solid – I look forward to seeing how the next 90 days unfolds – what interests me most keenly is how listings vs. sales unfold – will we see a dramatic uptick in total (net) listings in the next month or two?

Al Says:
February 23rd, 2010 at 8:28 am

How do you define/calculate your “active listings”? It seems that your active listings numbers are always constant each period, but that can’t be the case (i.e. see most recent Renfrew and Grandview numbers). Active listings is an important number used to calculate the months of inventory (MOI) = active listings/monthly sales. Isn’t active listings in current period = active listings in previous period + new listings & re-lists this period – sales this period – expired listings?

February 23rd, 2010 at 9:21 am

@ 1 – Uptick – good question. Will have talk with the R.E. Genie. 🙂

February 23rd, 2010 at 9:31 am

@ Al – Glad you noticed. It is bothersome. These numbers are generated by the board’s computer to which the answer recieved when this question was posed, is that it’s a ‘snapshot’ of the data at that moment. Apparantly, according to the board’s tech types, it totals the listings on the system for that area at that time then substracts the Sold, Expired, etc. to arrive at Active Listings.
Re: your MOI calculations – I would be reticent to suggest using this subset as they are quite fluid and suggest perhaps to look to the Dailies for your numbers. Ultimately, the ‘locked down’ month end numbers will prove most reliable.

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