Tuesday, May 8, 2012

Second Best April on Record for Area Home Sales

  Residential sales activity recorded through the MLS® System of the Georgian Triangle Association of REALTORS® remained very strong in April 2012, marking the seventh consecutive month of double digit year-over-year growth. 
 Home and condominium sales totaled 186 units in April, this was the second best April sales figure ever reported, the record was set back in 2002.  Sales this year also reflected an increase of 27% from April 2011.
    Some 543 residential properties have traded hands so far this year, up 22% from levels in the first four months of 2011, and the second best start to any year on record after 2002.
  New residential listings numbered 575 units in April 2012, up 9% from a year earlier and the highest level of any month on record.
  There were 1,656 active residential listings on the Association’s MLS® System at the end of April 2012, an increase of 4% from levels at the end of April 2011.
  At the end of April there was 9.8 months of housing inventory available on a seasonally adjusted basis, down from 10.3 months at the end of March. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
  The value of all residential transactions in April was $56.4 million, jumping 37% from a year earlier. This was the highest monthly dollar volume on record.
  Total sales of all property types which includes vacant land, farm and commercial numbered 206 units in April, an increase of 22% compared to the same month in 2011. The total value of all properties sold in April 2012 was $60.5 million versus $48.9 million in April 2011, an increase of 22%.
  In my next posting I will review sales activity by Municipality and across the various price ranges.

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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.