Friday, December 5, 2008

November Real Estate Sales Soften

Property sales throughout the Georgian Triangle continued to soften in November wherein monthly sales revenue fell 63% from the level reached in November 2007. MLS® sales for November totalled $20.7 million, down from the $56.1 million in sales for November last year. Year-to-date area sales to the end of November now stand at $424.6 million, a decrease of 22% from the $545.0 million reached in the first 11 months of last year.
In 2007 our area attained record MLS® sales of $572.1 million and I predict 2008 will see total sales dollars come in somewhere around $440.0 to $450.0 million which is still a respectable level given the fact that this does not include the sales of new homes and condominiums which are done directly by developers.
Collingwood this year continues to outperform all area municipalities in terms of sales activity. To the end of November, 236 properties have sold through MLS® versus 260 last year, a decrease of just 9.2% which is well below the overall market decline. All other area municipalities from Wasaga Beach through Clearview, Town of the Blue Mountains and Meaford are down anywhere from 10.7% to 33.3%. If you are in the market to sell you home, accurate "market pricing" is the key to your selling success.

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


Direct: 705-443-1037

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.