Sales of property in Collingwood, the Blue Mountains and other municipalities throughout the Georgian Triangle continued to show renewed strength in August posting significant gains over the same month last year.Real estate sales reported through the MLS® system of the Georgian Triangle Real Estate Board reflected unit sales gains of 30% over August 2008. Sales revenue was also up by 30% with total sales for the month of $53.7 million compared to $41.2 million in 2008. (click on graph to enlarge)
This marks the 3rd straight month wherein sales have registered double digit increases over the same months (June, July & August) of last year. At the end of the first quarter of this year sales were off 40%. By the end of June the shortfall had been reduced by more than half to -19% now just two months later, year-to-date sales total 1,205 properties, just 6% behind the 1,287 properties sold in the first eight months of 2008.
Pricing for the most part has remained stable with the 12-month average residential price to the end of August virtually unchanged from last August, $278,115 for 2009 as compared to $278.888 at the end of August last year. In my next post I will provide some sales results for the various municipalities throughout the area.
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