Friday, September 11, 2009

Year-to-Date Real Estate Sales Summary by Area

As noted in my prior posting dated September 3rd, area real estate activity has rebounded substantially over the past several months with June, July and August sales up 16%, 27% and 30% respectively.
Year-to-date, MLS® unit sales across the various municipalities that make up the Georgian Triangle Real Estate Board are as follows: Clearview Township -1.0%, Collingwood -5.6%, Grey Highlands -9.4%, Municipality Meaford -33.0%, Town Blue Mountains -7.9% and Wasaga Beach -13.3%. Unit MLS® sales in total have decreased 6.3% to the end of August versus the same period last year but with increased sales activity over the last three months the gap is quickly narrowing.
Despite decreased sales activity, pricing has remained relatively constant with the year-over-year average residential price in the area holding steady at just over $278,000. Average prices in the Municipality of Meaford and Town Blue Mountains have increased 8.5% and 4.9% respectively. In other municipalities average residential sale prices have declined between 2% to 17% driven largely by the fact that higher end home sales have been noticeably weaker during the past 12 months.
Sales in the upper price ranges however is where some of the greatest improvement in market activity has taken place. Year-to-date we have seen 8 sales between $1.0 to $1.5 million which is double the number of properties sold in that price range last year.

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


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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.