Area real
estate sales reported through the MLS® system of the Georgian Triangle Association of REALTORS® (GTAR) (which includes the municipalities of
Collingwood, Wasaga Beach, Clearview, The Blue Mountains, Grey Highlands and
Meaford) totaled $187.9 million in the 3rd Quarter reflecting a 15%
increase in sales over the 3rd Quarter of 2013. Sales during the month of September were
particular strong with unit sales and dollar volume for the month up 28% and
35% respectively from one year ago.
Year-to-date
sales volume for the first nine months of 2013 now totals $485.8 million,
reflecting a 9.8% increase over MLS® property sales of $442.5 million during
the same period in 2012. A total of
1,644 properties changed hands during the first nine months of 2013 versus
1,517 during the same period of 2012, an 8.4% increase year over year.
The number of new listings for the first nine
months of 2013 now totals 5,168 properties, a decrease of 2.8% over the same
period in 2012. The strongest month for
new listings in 2013 was April, when 706 new listings came onto the market.
This sharp increase in new listings during April is consistent with the arrival
of the spring selling season. The number
of expired listings has decreased this year, down 5.0% through the end of the 3rd
Quarter. As the result of fewer new and
expired MLS® listings year-to-date, there has been a reduction in the overall
available housing inventory listed for sale.
This is effectively leading to more balanced market 
conditions overall
for both buyer and seller.
Following
several months of very soft sales activity, the Municipality of Meaford and the
Township of Clearview are now exhibiting the strongest demand for residential
homes in our area. MLS® unit sales in
the Municipality of Meaford and Township of Clearview through the 3rd
Quarter are up 24.1% and 16.5% respectively.
Sales in other area municipalities are as follows: Wasaga Beach up 2.4%,
The Blue Mountains up 2.3%, while the Municipality of Grey Highlands and
Collingwood showed weaker units sales with decreases of 12.2% and 3.0%
respectively.
Year-to-date MLS® unit sales through the 3rd
Quarter shows increases in every price range: under $200,000 price range
reflected a 12.9% increase over third quarter 2012 year-to-date, while sales
between $200,000 and $350,000 were up a modest 1.5% increase. Sales
between $350,000 and $500,000 are up 17%, while sales between $500,000 and
$800,000 increased 16.7%. Sales between $800,000 and $1 Million showed
the greatest increase at 35.7%, while year-to-date sales over $1 Million are up
by 1 unit (4.5%.)
Given the current pace of sales activity, 2013 is shaping up to be a record year for MLS® sales activity in the Georgian Triangle. I anticipate we will see over $600 million worth of area properties being sold through our local MLS® system before the end of the year.
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