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Collingwood – Blue Mountain March 2011 Real Estate Market Recap

Posted by Sherry Rioux on April 1, 2011

With the first quarter of 2011, now complete, here is a basic review of the real estate market in the 6 key areas of the Georgian Triangle including Collingwood, Blue Mountain, Meaford, Wasaga Beach, Clearview and Grey Highlands.

Some observations:

  • There were 155 sales reported on the Georgian Triangle MLS® in the month of March 2011 including 136 residential units, 9 farms, 6 vacant land parcels and 4 commercial properties.
  • Condominium sales in the six key areas of the Georgian Triangle are almost identically to the first quarter of 2010 with 65 units sold year-to-date at an average sale price of $248,027.
  • The number of parcels of vacant land sold in the area in the first quarter are down substantially over 2010.  Could this be due to weather conditions?
  • The number of single family families sold in the six key areas is down slightly with 219 units sold in the first quarter of 2011 versus 239 in 2010 Q1.
  • Year-to-date average residential sale price is up 11.1% over last year reflecting the continued strength of the upper tier market (sales over $500,000).

As reported in the National Post, prices for resale Canadian homes rose more than expected in January, according to the Teranet-National Bank Composite House Price Index.   House prices were up about 0.4% in January exceeding economic forecasts of a 0.1% increase in house prices.  Prices were up 0.5% in Toronto, 0.9% in Vancouver, 0.4% in Halifax and 0.3% in Montreal. House prices dropped 1.0% in Calgary and 0.6% in Ottawa.

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