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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