Collingwood – Blue Mountain January 2011 Real Estate Market Recap

With one month down and eleven to go, the January, MLS® real estate statistics for the Georgian Triangle are now in.  The year is starting out to be rather bland with no extreme highs or lows noted compared to the past few years.

The number of new listings is up about 4.7% over last year with 490 properties listed for sale on the Georgian Triangle MLS® last month.  As of January 31st, there were 1701 active listings on the system.

Sales were down by only 4 units compared to January 2010 and up substantially from the recessionary years of 2008 and 2009.  Despite this minor decline, the dollar value of those sales was up by almost 11%.

Of the 77 properties sold on the Georgian Triangle system last month, 64 were residential units, 7 were for vacant land parcels, 1 farm sold and 5 commercial properties were included. These sales broke down into the following price bands:

Under $149,999           11 sales
$150,000 – $249,999  23 sales
$250,000 – $349,999   15 sales
$350,000 – $499,999   10 sales
Over $500,000                 5 sales

Taking a closer look at the 6 key areas of the Georgian Triangle, here are the total number of residential sales for each community together with the current, 12-month average sale price of residential units sold:

Clearview  8 sales  $344,395
Collingwood  12 sales $278,606
Grey Highalnds  1 sale  $321,410
Meaford   4 sales  $262,548
Blue Mountains  7 sales  $517,159
Wasaga Beach  9 sales  $267,551

Sellers need to understand that over the course of the last few years, roughly 1 in 3 properties listed for sale actually sell.  With 1701 properties currently listed for sale and just 77 sales in a month, sellers must price their properties well and present them in the best light to potential buyers.

For buyers, conditions continue to be ideal with buyers market conditions and continued low interest rates still available.