2015 Year End Summary – Real Estate Market Report
Southern Georgian Bay Home Sales Set New Annual Record in 2015
This report summarizes the market activity for the Western Region of the Southern Georgian Bay Association of REALTORS® (SGBAR). For clarity, the SGBAR trading area also includes the Eastern Region (Midland area) of Southern Georgian Bay. This report is based on the Western Region which includes Collingwood, The Blue Mountains, Clearview, Wasaga Beach, Meaford and Grey Highlands.
December 2015: Home sales numbered 127 units in December – up 18% from 108 units in December 2014. December’s sales, at $46,685,516, were up 28.6% over last December’s previous record of $36,306,059.
2015 January to December: Record breaking – Sales dollar volume 2015: $804,882,436, up 20.8% over 2014’s previous record of $666,340,488, and up 38.3% from 2013. These numbers were achieved while 2015’s total listings of 4347 were down 15.3% from 2014’s 5129, and down 15.5% from 2013’s 5146.
In 2015 we once again broke previous sales records for Collingwood, The Blue Mountains, Wasaga Beach, Clearview, Meaford & Grey Highlands. There were many multiple offer and over asking price sales in 2015, due to low inventory.
Predictions for 2016? Based on the past 3 years of increasing sales volume/ units / average sale price, the trend is predicted to continue as more people move to the area – mainly due to the amazing lifestyle this area provides!