May 2013 Real Estate Market Recap For Collingwood, Blue Mountain and Area
As of the end of May, sales units were up 3.2% however, that has been very localized. When I look at only the six key areas (Collingwood, Clearview, Meaford, Blue Mountains, Grey Highlands and Wasaga Beach) and in particular, residential sales, we see that sales are in fact up 6% in our major markets for the month but down slightly (by 3 sales) year-to-date. In other words, activity levels have been much the same as in 2012.
What we are seeing is a slight moderation in the number of properties being offered for sale and this inventory tightening, is leading to price increases in some area. The sale to list ration is very strong in Collingwood with activity in May almost in seller’s market territory. It was balanced in general in Clearview and Grey Highlands. The market YTD is softer in Meaford, Town of the Blue Mountains and Wasaga Beach although, all three of these markets did much better in May this year than in previous months.
Sales over 500,000 have increased slightly this year with 83 units sold to date versus 77 last year. This chart breaks down activity in each price range.
There are currently 2404 properties listed for sale, of all types, in the whole of the Georgian Triangle.
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.