April 2014 Real Estate Market Recap For Collingwood, Blue Mountain and Area
Here we go again. Statistics really do lie. When I first glanced at our stats for the Collingwood, Blue Mountain, Wasaga Beach and area sales activity in April, it said we were down in sales compared to April 2013. That surprised me because around here, it sure has been insanely busy! A closer look revealed something else.
Our real estate board includes statistics for all types of properties from residential homes to condos, vacant lands, cottages to commercial and industrial properties sold and leased. It also includes statistics from areas that we share boundaries with other real estate boards and don’t necessarily sell the bulk of properties such as Tiny Township, Springwater and Mulmur. If we look at everything, all in one mix, sales for the month were down 7% over last year for the month.
I pulled up the statistics for residential sales only in the six key areas we serve: Collingwood, Clearview, Meaford, the Blue Mountains, Grey Highlands and Meaford. As it turns out, those sales were actually UP by 5% over April 2013 with most of the gain being in the Town of the Blue Mountains and in Meaford.
If we look at sales year-to-date, it’s interesting to note that any decline has been in properties priced at under $350,000. Over this level, all price bands have seen increases in the number of sales and, the average sale price has climbed by over 7%. Here’s something interesting to note. In May of 2013, there were a total of 216 sales. I just took a quick look and there are presently 118 conditional sales already in the pipeline for May. Now a good percentage of these may not become firm sales however, it’s a healthy number going into this month that suggests continued strong activity can be expected.