March 2013 Real Estate Market Recap For Collingwood, Blue Mountain and Area
After a bit of a frenzied February, activity in the real estate market in Collingwood and area for the first quarter of 2013 has been almost a mirror image of last year after all. When looking at the six key areas of the Georgian Triangle such as Collingwood, Blue Mountain, Wasaga Beach, Clearview, Meaford and Grey Highlands, the total number of sales is within 2% of last year with 267 residential sales to date.
Most Active Price Ranges
The most active price range for residential sales was from $200,000 to $249,999 followed closely by the $250,000 to $299,999 price band. 65% of all sales so far this year have been under $300,000 and there have been 6 sales over $1m this year compared to 9 in Q1 2012.
The highest number of residential sales in the first quarter were in Collingwood (78 sales) and Wasaga Beach (76) although the largest increase in sales was in the Town of Blue Mountain with 45 sales compared to 35 in the first quarter last year.
Condominium MLS ® Sales Activity
There were 68 condo sales in Q1 2013 versus 66 for the same period last year and generally speaking, there appear to be about 20-30 condominium sales in our area each month. Average sale prices appear to be in lower price bands however, this number of sales is not a large enough sampling to see a specific trend at this point.
How Many Are For Sale Now?
The total number of listings was down over last year by 5% in March at 4% over-all in Q1. There were over 1500 properties listed for sale in this first quarter and there are presently 2044 properties for sale on the Georgian Triangle MLS® system.
With sales relatively stable, interest rates stable and no big economic shifts on the local horizon, the market is likely to continue in lock step to 2012 for the foreseeable future.
All data herein has been captured from the Georgian Triangle Association of REALTORS® MLS® statistics.