Collingwood and Area Real Estate Market Recap of August 2018

The local real estate market in August held steady with no dramatic shifts as expected.

SINGLE FAMILY:   The total number of single-family homes sold was up from July by 16 units and down just 6 from last August.  The average sale price year to date is up a marginal $13,000 to $533,360 while the median is up $23,000. To $463,000.

In August, the lowest priced residential home was $143,000 for a modular home on leased land in Wasaga Beach and the highest sale was $3.25million for a 7,000 square foot! Home on 25 acres with panoramic views in the Town of Blue Mountain.

CONDOMINIUMS:  The same story holds true for condo sales which were down just 2 units from July and 4 units form August 2017.  The average sale price is up about $13,000 from last year to $378,200 and the media is up about $30,000 to $350,000 year-to-date.

The lowest priced condo sale in September was $170,000 for a bachelor unit in the Westin and the highest priced sale was a waterfront townhome in the Shipyards development in Collingwood that sold for $1.375M.

LAND:  The lowest priced parcel of vacant land sold was for a residential building lot west of Meaford that sold for $60,000 and the high sale was $725,100 for a triple size, riverfront lot in Wasaga Beach.

All data obtained from the Southern Georgian Bay Association of REALTORS® MLS®