January 2013 Real Estate Market Recap For Collingwood, Blue Mountain and Area
We’re off and running in the real estate world here in South Georgian Bay. January proved to be a strong performer with 113 sales; up 9.7% over last January. The majority of those were residential single family and condominium sales. Activity last month was especially strong in the Town of Blue Mountains and in Wasaga Beach.
The number of properties listed for sale was also up over last year with 570 new listings. This volume is not uncommon in January as many properties are re-listed in the first month and many have been on the market previously.
While sales were up 9.7%, the dollar value of those sales was up by 13.7% with over 36 million dollars in sales value last month. Most price bands were active with the exception of the $340,000 to $500,000 range where the number of sales continues to moderate. Sales both under $350,000 and over $500,000 were up.
There are currently 1876 properties listed for sale in the whole of the Georgian Triangle.
If we break sales down by area, there were 69, single family homes sales in our 6 key areas of Collingwood, Wasaga Beach, Blue Mountain, Clearview, Meaford and Grey Highlands. As you can see by the chart below, the inventory levels are tightest right now in Collingwood and the Town of Blue Mountains.
There are very few homes for sale in Collingwood that feature the traditional 3-4 bedrooms, full basement and double car garage yet demand appears quite high. Properties that fit this description and that are well priced, are experiencing multiple offers in many cases.
It’s always a pleasure to meet new people and to assist them in meeting their real estate goals. If you would like to schedule a buyer or seller consultation with me, please feel free to email me or call at 705-446-1762.