Friday, December 4, 2009

The Blue Mountains Leads Area Real Estate Sales Rebound

While Georgian Triangle real estate sales overall continue to make a strong comeback in 2009, MLS® sales activity in the Blue Mountains in particular is showing the greatest strength.
Through the end of November, unit MLS® sales are up almost 20% in the Blue Mountains from last year with a total of 152 properties having sold as compared to 127 last year. Recreational property sales have come back quite strongly especially at the upper end of the market. In a "distant" second place is Collingwood with a 3% unit sales increase. All other area municipalities are either unchanged from last year or are still showing decreased unit sales year-over-year.
Unit sales for the first 11 months of 2009 ranked in order are as follows:

1. The Blue Mountains 19.7%
2. Collingwood 2.9%
3. Clearview unchanged
4. Wasaga Beach -0.3%
5. Grey Highlands -8.1%
6. Municipality of Meaford -20.8%

Pricing across the entire Georgian Triangle area has shown no significant decrease over the past several months with only those properties that were over-priced to start with showing a reduction. As I have maintained in the past, average residential sale prices tend to mask significant shifts necessitating that a more detailed look be taken at specific areas and or neighbourhoods. Nonetheless, the 12-month average residential price for our area overall now stands 2.5% higher than it was this time last year at $286,445. In fact, Clearview Township is the only area municipality where the 12-month average price has declined from where it was one year ago and this number is affected more by the mix of sales.
The Georgian Triangle continues to draw strong buyer attention from the Greater Toronto Area both in terms of recreational property buyers and those looking to retire here. This bodes well for real estate demand and pricing in our area helping to ensure that your investment in Georgian Triangle real estate is a sound one.

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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.