November 2012 Real Estate Market Recap For Collingwood, Blue Mountain and Area
What a strange quarter we are having in the real estate world up here. I originally had predicted that we may see a softening in the 4th quarter of this year however, October proved that to be wrong as sales hit record levels. Then… November.
This past month saw sales in our real estate board area (Collingwood, Clearview, Wasaga Beach, Meaford, Grey Highlands and the Town of Blue Mountains) for the month, drop by over 19% compared to November 2011. While year-to-date sales are still exceeding 2011 numbers, the month showed a decline in most areas of our marketplace with the exception of Grey Highlands and Wasaga Beach.
There are currently over 1500 residential properties for sale in the area with 1315 residential sales year to date. That means there is a residential inventory of homes for sale of over one year.
Collingwood, Grey Highlands and Wasaga Beach are all experiencing relatively balanced market conditions while Clearview, Meaford and Town of Blue Mountains are very much in a buyer’s market conditions.
The Georgian Triangle real estate market varies dramatically by area and so, each community should be looked at individually when making decision.
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.