Monday, May 5, 2008

April Real Estate Sales Update

Area real estate sales during the month of April were off slightly with MLS® unit and dollar sales down 2% from April 2007. A total of 187 properties were sold in April versus 190 during the same month last year and dollar volumn dropped from $48.5 to $47.4 million for the month. Based on strong sales through January and particularly in February, year-to-date sales throughout the area remain above last year's results for the first four months with unit sales up 3% (578 versus 560) and dollar revenue up 7% from $141.9 million in 2007 to $152.4 million this year.
The municipalities of Clearview and Meaford are showing the largest unit sales gains over last year with increases of 43% and 34% respectively. Residential unit sales in Grey Highlands are up 7%, whereas sales in the Town of the Blue Mountains are down approximately 5%, Wasaga Beach is down 11% with sales in the Town of Collingwood and Mulmur Township unchanged from last year. As in prior months, activity at the upper end of the market remains strong with sales over $350,000 up 18% and sales above $500,000 up 23%.
The number of residential new listings that have come on the market through the first four months of the year stands at 1,925 up from 1,803 last year, an increase of 7%. The number of expired listings has increased from 181 in the first four months of 2007 to 205 this year, an increase of 13%.
Note: The statistics quoted herein represent MLS® sales and listing activity as reported by the Georgian Triangle Real Estate Board. If you have a specific request for additional information, please contact the writer.

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


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Office: 705-445-5520 ext 230


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Rick relocated to Collingwood from Toronto in 1985 through a transfer with Goodyear Canada. In 1987 Rick was recruited by a major client of Goodyear’s, managing their Canadian business based in Barrie before moving to Chicago in 1992 as Vice President of Sales & Marketing. Upon returning to Canada in 1996, Rick ran an industrial products manufacturing company in Stratford, Ontario. In 1998 Rick returned to Collingwood with his two children. Rick is a licensed real estate Broker with Royal LePAGE Locations North in Collingwood and holds his MVA designation (Market Value Appraiser-Residential). He is an active volunteer in the community serving several years on the Board of Directors with the Collingwood Chamber of Commerce as Treasurer, 6 years on the Board of Directors for the Southern Georgian Bay Association of REALTORS® of which he is the Past President (2008) and currently serves on a committee with the Ontario Real Estate Association. Rick is a diverse executive manager with extensive experience in strategic planning, manufacturing, finance, human resources and quality assurance management.