Tuesday, November 20, 2012

Clearview Township Real Estate Sales Lagging

  The Municipality of Grey Highlands continues to enjoy strong sales over 2011 and leads our local municipalities with the largest unit sales gain year-over-year.  Through the end of October, Grey Highlands has seen an increase of 63% relative to the number of properties sold unit through the MLS® system of the Georgian Triangle Association of REALTORS® (GTAR).
 
For the first 10 months of 2012, sales in Grey Highlands total 109 properties, up from 67 sales in 2011.  Wasaga Beach takes second spot with an 18% increase in sales followed closely by the Blue Mounatins with a year-to-date increase of just under 18%.  MLS® unit sales in Collingwood are up 16% for the year while Meaford shows a 9% gain.  Clearview is the only area municipality where sales in 2012 are lagging behind last year, with MLS® sales down 10% from one year ago.  Coincidentally Clearview is where some of the more controversial issues affecting our area are centred namely, the expansion of the quarry west of Duntroon and the wind turbine project slated for west of Stayner.  These two issues are no doubt playing on some buyer's minds when considering the purchase of area property.

While recent months have seen somewhat of an upturn in higher end home sales, we are still well off the pace of last year.  Through the end of October there have been 4 sales reported through our local MLS® system over $1.5 million whereas last year there were 7.  Recently surveying the MLS® system I noticed there were 89 properties listed over $1 million, so based on the current level of sales activity this represents over 42 months worth of inventory. The $500,000 to $700,000 price range has been very active in 2012 with sales totaling 106 units, an increase of 26% from the 84 properties sold in this price range last year.     

  As we approach the upcoming holiday season it will be interesting to see what direction the real estate market will take.  November of 2011 was a very busy month which saw sales increase 22% over November of 2010 while December of last year was a typical month to close off the year with slower sales activity leading into the holidays.  Given the erratic ups and downs of recent months sales activity could go either way. Stay tuned.....

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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.