2009 was the best year in real estate transactions in Brooks at 240 transactions. We were hoping to blow that out of the water in 2012, however, an unexpected halt in the economy (temporary closure of XL foods) really stalled the real estate industry due to the uncertainity of what was going to happen. Fortunately, XL foods was reopened shortly and things went back to normal. RE/MAX Main Street Realty (MSR), did beat 2009 in transactions with 243, not a "blow out of the water" but still a banner year.
MSR retained its 51% market share in Brooks and the County of Newell, the big difference this year over last is that Century 21 and Royal LePage are fighting over the other 49% of sales opposed to 2011 when Royal LePage was our primary competition.
Also on a self promoting good point is MSR, on average, sold their listings for $7000 more and the list to sale value was 1% better than the average of the Brooks real estate board. 1% doesn't sound like much, but when you have a $300,000 home, it adds up. Lastly, our days on market was virtually the same with the Brooks board at 103 days and MSR at 98.
All in all, a very successful year for MSR and we anticipate much of the same in 2013. We believe stability in the Brooks market is a good thing and we should experience small growth in the prices of our homes.
As always, if you wish to discuss any real estate issues please never hesitate to contact me directly
