Monday, June 2, 2008

Area Real Estate Sales Off 21% in May.

Residential MLS® real estate sales for the month of May throughout the Georgian Triangle fell 21% compared to the same month last year. Sales for the month totalled $48.9 million versus $62.1 million in May 2007. After a strong start to 2008 with brisk sales activity in January and February, May marks the third consecutive month where sales have fallen below the same month last year. A total of 134 unit sales were reported in May as compared to 170 sales in May 2007, also a decrease of 21%. Residential sales during May were down in the municipalities of Clearview, Grey Highlands, Meaford and Wasaga Beach whereas Collingwood and Town of the Blue Mountains posted unit sales gains over May of 2007.
Despite significantly softer sales in May, year-to-date sales throughout the area continue to remain strong. Total year-to-date sales revenue is just over $202 million as compared to $204 million for the first five months of 2007. Residential unit sales through May total 765 properties compared to 797 sales for the same period in 2007, a decrease of 4%.
New residential listings in May increased slightly over May of last year totaling 621 versus 615 in May 2007. Year-to-date, new residential listings are up 7% to 2,576 properties while expired listings are up 9% to 856 properties as compared to 787 last year.
Please note that these results represent only the MLSC listings and sales reported through the Georgian Triangle Real Estate Board and do not include the sale of new residential homes and condominiums done by developers. New development sales activity throughout many of the local municipalities such as Collingwood and Wasaga Beach is substantial, indicating that despite a slowdown for three consecutive months in MLS® resale activity, overall the local market continues to perform very well.
For further information or for a no-obligation consultation pertaining to your specific real estate needs, please feel free to contact the me.

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


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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.