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Collingwood – Blue Mountain and Area Real Estate Market Recap for October 2011

Posted by Sherry Rioux on November 2, 2011
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The October MLS® statistics are in for our local real estate market including key areas such as Collingwood, Blue Mountain, Meaford, Clearview, Wasaga Beach and Grey Highlands.

Observations:
• The number of sales in October were on par with the previous three months suggesting a return to balanced market conditions at the present time.
• Average residential sale price in the six key areas of the Georgian Triangle (Collingwood, Wasaga Beach, Clearview, Blue Mountains, Grey Highlands and Meaford) YTD is $343,087; up 4.5% over the same period last year.
• The YTD, residential  sales to listing ratio (percentage of listed properties that sell) in the six key areas was 32%.  Highest in Collingwood at 42% and lowest in Blue Mountain at 26%
• There were 177 sales in October:  131 were under $250,000, 34 were $250,000 to $500,000 and 12 sales were over $500,000 including 3 over 1 million dollars.
• Of the 177 sales, 157 were residential, 10 farms, 9 vacant land and 1 commercial
• There are currently 2319 active listings for sale on the Georgian Triangle MLS® system

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