After a brief pause in late 2008 and early 2009, real estate sales in the Georgian Triangle appear to be back to normal.
President of the Georgian Triangle Real Estate Board, Andres Parra says the average price for all of 2009 in the region was just under 286 thousand dollars.
That is up 2.4 per cent from the average of 2008.
Parra says there was no dramatic drop in prices during the recession like there was in the U-S.
But a lot of people sat on the sidelines and sales slowed significantly in late 2008 and early 2009.
Looking at the final quarter of 2009, there were 469 properties sold compared with only 258 at the start of the recession in the 4th quarter of 2008.
Parra says higher-end homes, worth over 800 thousand dollars — actually saw a sales increase of 36 per cent in 2009.
He says the high-confidence level of 2007 hasn’t returned yet — but there is certainly more confidence going into 2010 than at this time last year.