Condominium Maket Remains Active

Despite somewhat softer market conditions overall, condominium sales in 2011 throughout the Georgian Triangle increased 7% over the number of units sold in 2010.  Condo sales reported through the MLS® system of the Georgian Triangle Association of REALTORS® totalled  353 units up from 329 in 2010 and these do not reflect sales of new properties by developers in such projects as the Shipyards and elsewhere.

The Town of Collingwood continues to boost the largest number of condo sales trumping The Blue Mountains with almost double the number of unit sales.  In 2011 there were 203 MLS® condo sales in Collingwood compared to 126 in the Blue Mountains.  Not surprising given it's size, Cranberry continues to be the most prolific area for condo sales in the area however Cranberry condo sales dipped by over 25% last year with 72 units selling versus 97 the year earlier.
  Numerous new developments such as Tanglewood and Silver Glen are giving buyers greater choice when it comes to condominium styles, amenities and price points.  Many existing condo owners in the area are electing to move-up to something a little grander and larger with upgraded finishes and amenities such as garages with some of those buyers thinking longer term about possible retirement to the area.
  In my next post I will talk a bit about condo fees, in the meantime my latest Condo Communique Newsletter is available online detailing additional market activity in 2011 versus 2010.