Wednesday, March 25, 2015

Despite The Cold Weather, Area Real Estate Sales Are Hot!

  Real estate sales activity across our market continues to reflect an amazingly strong demand for this time of year with multiple offers seemingly becoming more frequent on some properties.  Personally I have sold three properties this year for which there was more than one willing buyer.


  MLS® dollar sales for the first two months of the year are up 33% from this time last year while unit sales are showing a 20% increase.  Notwithstanding the fact that sales in the first quarter of 2014 were very weak due to the harsh winter conditions of 2013/2014, this winter hasn't been an easy one either yet it has not had a negative impact on sales.

  In addition to the strong MLS® sales activity, we have seen a significant reduction in the number of new MLS® listings coming onto the market.  To the end of February, MLS® listings are down 24% with 615 properties listed year-to-date compared to 812 in the first two months of 2014.  In some price ranges and or property types there is actually a shortage of available inventory which favours sellers and that too helps to substantiate why we are seeing multiple offers on some properties. 

 With the spring market just around the corner, we can expect to see sales activity ramp up even further along with an influx of new MLS® listings coming onto the market.  Seemingly the market has shifted more in favour of sellers so if it has been your intention to potentially sell your property in the near future, market conditions may now allow you to secure a buyer at the best price possible.  

 If you have any questions or would like a no obligation assessment as to the value of your property, please do not hesitate to contact me.


  

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4



Email:
rickcrouch@propertycollingwood.com



Direct: 705-443-1037



Office: 705-445-5520 ext 230




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My Profile

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.