As in most major markets across Canada, real estate sales in the Georgian Triangle for 2007 were much higher than initially forecasted. Sales of area properties reported through the MLS® system of the Georgian Triangle Real Estate Board during 2007 exceeded $572 million, an increase of $83 million or 17% over 2006 results. Virtually every municipality in the region enjoyed an increase in sales activity with the largest unit sales increases reported in the municipalities of Grey Highlands, Meaford and Wasaga Beach all of which saw their residential unit sales increase from 20% to 30%. Collingwood and the Town of the Blue Mountains had the most modest of gains, with unit sales up 4.5% and 3.6% respectively followed by Clearview at 8.5%Average prices in the area continue to increase and have effectively doubled in the last 8 to 10 years. The following is a summary of the 12-month "average" prices throughout the various local municipalities and their respective increases over 2006.
Clearview $311,442 4.8%
Collingwood $244,873 4.8%
Grey Highlands $358,644 28.9%
Meaford $257,714 5.2%
Town Blue Mountains $460,840 12.8%
Wasaga Beach $248,392 8.2%
For the first time ever, the 12-month average price in Wasaga Beach now exceeds that of Collingwood. Please keep in mind that increases in average prices are affected largely as the result of increased sales at the upper end of the market.
For a complete summary of market results for 2007, you can download a PDF file of my Georgian Triangle Real Estate News at:
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