MLS provides information about the list to sale ratios of cottages sold. However this figure is calculated from the final price the cottage was listed for, not the first price the cottage was originally listed for.
In my statistics I provide information on the original list to sale price ratio.
This month there is a cottage that sold for only 44% of its original list price. There is another that sold for 50% of its original list price. This gives you an idea of how overpriced many properties were in 2007 and early 2008.
To receive my complimentary monthly statistical report, email me at Thelma@royallepage.ca or call me at 705-645-2110