December 2009 Luxury Market Statistics Price Range $1 million to $1,499,999.
The following is a luxury home market snapshot of activity in the price range $1 million to $1,499,999. for the period December 01, 2009 - December 31, 2009 in Durham Region, ON, Canada.
There were 20 current listings priced at $1 million to $1,499,999. The number of real buyers (homes that sold) in the price range is, 2. Average days on market it took for those 2 sales to occur is, 117. If no further inventory was added to the market in this particular price range it would take 10.0 months for the current inventory to sell at this rate of absorption. The inventory that was sold in this price range in December represents 10.0% of the currently listed inventory, 6 properties, which represents 30.0% of the currently listed inventory expired.
Each and every month, my finger is on the pulse of the upper-tier of the market as I track data and compare price bands starting at $400,000. up to $2 million+. As your Certified Luxury Home Marketing Specialist I will be happy to interpret and present the current market statistics to you and help you understand what's happening in your local upper-tier market. This is powerful information you'll need to know as you prepare to buy or sell your home...it's what we know that makes the difference for you!