Collingwood and Area Real Estate Barometer Aug.3-9, 2018
This market summary includes information for Collingwood, The Blue Mountains, Wasaga Beach, Clearview, Grey Highlands and Meaford. The information was obtained from the MLS® statistics provided by the Southern Georgian Bay Association of REALTORS®. Previous week(s) are in brackets.
Single Family Residential
New Listings: 38 (57, 39, 51)
Average List Price: $716,813; Median $596,900
Range of List Prices: $299,000 – $2,175,000
Number of Sales: 27 (32, 22, 22)
Range of Sale Prices: $230,000 – $3,250,000
Condominiums
New Listings: 9 (8, 12, 8)
Average List Price: $394,200; Median $434,000
Range of List Price: $220,000 – $549,900
Number of Sales: 4 (10, 9, 12)
Range of Sale Prices: $245,000 – $1,375,000
Vacant Land
New Listings: 10 (11, 5, 2)
Number of Sales: 2 (4, 3, 6)
Range of Sale Prices: $89,000 – $192,500
Price Changes past week: There were 25 decreases in list prices and 2 increases in list prices.
Notables this week:
- 5 Single Family residences sold for more than the asking price
- 2 Condos sold for more than the asking price
- 1 Vacant Land listing sold at the asking price
Quick question for you Marg. I’m an avid reader of your barometer postings (thanks so much!). One of the things I try to keep a pulse on is the listings to sales ratio (or the number of months of inventory). I noticed that each and every week the number of new listings consistently outpaces the number of sales. Is this a reflection of a recent build in inventory levels or is it perhaps caused by the new listings data including renewals of current listings, or other forms of “double counting” of the same properties?
Hi Keith and thanks for reading the blog. The listing inventory is increasing which is the main reason but you are current that it also includes relists of expired listings. Like most stats, they give a general snapshot but for accuracy on a specific property, we are able of course to drill down to separate things more specifically.