Collingwood – Blue Mountains Area Real Estate Market News November 2015
November’s sales broke 2014’s Georgian Triangle MLS annual record of$705,564,088, finishing the month with $758,713,920, and with one month to go in 2015. November’s sales of $55,112,227, were the best ever for the month, up 15.3% over November 2014 previous record sales of $47,800,395.
2015’s consistent sales records have been consistent throughout the year, while at the same time there have been substantially fewer homes on the market. November 2015 sales are up 20.3% over 2014 while the 2015’s total listings of 4180 are down 15.3% from 2014’s 4937 listings.
Overall supply remains at the lowest level in a decade. There were 1,133 active residential listings on the Association’s MLS® System at the end of November 2015, down 35.5 per cent from 2014.
Good news for Sellers – This is a great time to list your home for sale!
The number of homes for sale in the area has been in short supply this year compared to 2014. With fewer homes on the market many listings are selling quickly and attracting multiple offers. If you’re thinking of selling; this is an ideal time!
The Southern Georgian Bay Association of REALTORS® comprises two distinctive markets. Home sales in the Western District which includes Wasaga Beach, Collingwood, Clearview Township, The Blue Mountains, Municipality of Meaford and Grey Highlands edged down 1.4 per cent on a year-over-year basis to 140 units in November 2015. That said, it was nevertheless one of the best Novembers on record for sales. On a year-to-date basis, home sales were running at the highest level on record, up 7.4 per cent from last year.
The average price of homes sold in the Western District was $317,202 in November. This was an increase of9.2% from a year earlier. Year-to-date, average sale price is up 7.2 %.
Unit sales were up in all price ranges especially in price ranges of $300K-to-$499K (up 33.1%) and $500K-to-$799K (up 31.7%).