The 2015 Collingwood and Area Real Estate Market Came In Like a Lion
As predicted, the real estate market has come in very strong as we start 2015.
The number of MLS® sales of all property types in our region in January came in 39% above January 2014 levels with 114 units sold; comparable to January 2013. At the same time, the number of new listings were down by 25% compared to the same month last year. You know what that means, right?
Limited supply + high demand = increasing prices.
Looking strictly at residential sales, the number of homes sold in the six key areas of our region being Collingwood, Clearview, Wasaga Beach, Meaford, The Town of the Blue Mountains and Grey Highlands, were up 43% over last year with the largest gains having been in Meaford and the Town of The Blue Mountains.
Interestingly, the biggest increases were in properties price from $500,000 to $799,999.
The 12 month average sale price for the six key areas averaged $378,290 compared to January 2014 at $338,915.00; a difference of over 11%. The highest prices found in the Town of the Blue Mountains and the lowest in Wasaga Beach.