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Georgian Triangle Real Estate Market Update May 2018

Posted by Sherry Rioux on June 19, 2018

May 2018 Highlights

  • Residential home sales totalled 320 units in May 2018, down -32.6% from a record-breaking May 2017.
  • New residential listings in May 2018 – 667 units, down -14.9% from a year earlier.
  • Year-to-date home sales numbered 1154 units, down -32.3% from this time last year.
  • Home Sales in the *Western Region numbered 194 units, down -32.6% from May 2017.
  • Year-to-date home sales in the Western Region numbered 743 units, down 28.3% from this time last year.
  • The average price in May in the Western Region was $530,316 up 7.9% from this time last year.
  • The year-to-date average price in the Western Region was $486,662 up 1.3% from this time last year.

While sales activity is trending at lower levels, a big part of the large year-over-year decline reflects how strong the market was last year and the critical shortage of listings in May 2018.

Source: Southern Georgian Bay Association of REALTORS® – May 2018

* The Western District includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford and Grey Highlands

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