The number of residential sales processed through the Regina and area Multiple Listing Service in 2009 resulted in the second best year on record.
There were 3,691 residential properties sold in all geographic areas during the year, up 10% from 3,347 sales in 2008. This is the second highest number on record, only behind 4,043 sales recorded in 2007. The average sales price set a new high of $244,328, an increase of 7% from the previous high set in 2008 of $228,850. Total dollar volume of sales of $901.8M also set a new record by surpassing the previous high of $766M recorded in 2008 by 18%.
Sales inside the city followed the same pattern with 3,245 sales being posted, up 15% from 2,812 in 2008 and trailing only 3,380 reported in 2007. The average annual sales price of $247,005 was the highest ever recorded, up 3% over 2008’s $239,719. The total sales volume of $801.5M eclipsed the former high set in 2008 of $674.1M by 19%.
For the month of December, there were 192 sales in all geographic areas, an increase of 11% over last year’s 173. This marked the eighth consecutive month that sales exceeded 2008 levels. The average sales price for the month was $241,644, setting a new high and up 8% from 2008’s $224,308.
Monthly sales in the city of 170 were up 7% from 2008 when 159 were recorded. The average sale price was $244,329, also a new high which surpassed the previous record in 2008 of $233,156.
Homes, which sold in the city during December, were on the market for an average of 46 days before selling, compared to 44 days in November. Homes sold at an average of 96.0% of asking price.
