Peterborough 2010 Commercial Real Estate Market Off to Great Start!

It's a bright new day for commercial real estate in Peterborough!

Just a quick note about sales volume and dollar volume of commercial sales reported on Peterborough and the Kawarthas Associaion of REALTORS® MLS®.

In 2009 during the period from January 1 to April 25, there were a total of 3 property sales recorded within the City of Peterborough, not including leases and business sales of course.  In 2010, during the same period, there were 8 property sales through the MLS® for the City.  This is an increase of over 166%!

Looking at the dollar volume of sales is even more striking.  During this same time period in 2009, the total sales volume was just $684,000.  In 2010 year to date, total sales volume was $4,105,000.  This represents an increase of just over 500%!

And you thought the commercial real estate market in Peterborough was slow...