How much does an extra bedroom cost you in a condo at Blue?

Before you decide to buy a unit with an extra bedroom for the kids who come and visit twice a year, you may want to see if it makes financial sense.

Here is a look at the 2016 condo prices In Collingwood and Blue Mountain.  (Good conversation starters at your next Apres Ski soiree too!)  

In Collingwood, there were a total of 285 condo sales in 2016:

• 103 were 3 bedrooms with an average sale price of $337,847;
• 127 were 2 bedrooms with an average sale price of $227,610;
• 20 were 1 bedrooms with an average sale price of $155,405; and
• there were 34 condos with 4 or more bedrooms sold with an average sale price of $450,944.
• If you’re counting, there is one missing and it was a bachelor at $102,000.

In the Town of The Blue Mountains, there were 188 condo sales in total.  Interestingly, we can divide these sales into “at Blue Mountain” and “not at Blue Mountain.”

• There were 10 bachelor units sold with average sale price of $143,540, all at Blue Mountain.
• Of the 36 1 bedrooms sold: 30 were at Blue with an average sale price of $178,000; 6 were “not” and had an average sale price of $141,900.
• Of the 72 2 bedrooms sold: 53 were at Blue with an average sale price of $284,051; 19 were “not” and had an average sale price of $316,042.
• Of the 47 3 bedrooms sold: 25 were at Blue with an average sale price of $354,493; 22 were “not” and had an average sale price of $332,676.
• The remaining units were 23, 4 or more bedroom condos with an average sale price of $503,321, and were not located at Blue.