Your search results

Southern Georgian Bay June 2017 & Second Quarter Real Estate Market Summary

Posted by SellingCollingwood on July 22, 2017
| 0

Southern Georgian Bay home sales return to more normal levels in June

This report covers the Western Region of the Southern Georgian Bay Association of Realtors, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, Municipality of Meaford and part of Grey Highlands

Following the hectic pace of the January to May, sales activity fell to more normal levels in June. While the number of residential unit sales recorded through the MLS® System of the Southern Georgian Bay Association of REALTORS® came in below record year-ago levels in June 2017, the sales dollar volume was up 3%, setting a new all time high record for June.

June 2017

  • Number of new listings  down -13% from the same time period in 2016
  • Home unit sales  fell -18% on a year-over-year basis to 254 units in June 2017.
  • Dollar volume sales of $115,024,022 set a new June record, up 3% from last year’s record setting volume.  

Western Region
Second Quarter 2017

  • Number of new listings remained low, down 12% from the same time period in 2016
  • Home unit sales were up 1% at 1392 units
  • Dollar volume sales of $634,186,043, is up 27% over Q2016, a new all time record due to the overheated January to May market
  • Average sale price Q2 $455,593 is up 26% from 2016

2017’s 2nd Quarter record sales, average sale price increase and high 69% sales/listings ratio show the demand for listings exceeds supply.

SIMMERING! The real estate market in Southern Georgian Bay continues to be a SELLERS’ MARKET. Indeed, while multiple offers have abated, the PRICES on properties are still on the rise. The NUMBER of properties available also continues to drop year over year.

Looking back at the 2nd quarter of 2017:

  • The number of LISTINGS year-over-year was down 15.6%.
  • The number of units SOLD was also down 18%. HOWEVER, the average sale price increased substantially by 25.6% from $362,736 dollars to $455,593 dollars meaning that there was an average gain by home owners of over $92,857 dollars in home equity year over year.
  • 2017’s year to date dollar sales volume is up an astounding 26.9%.
  • The ratio of sales to properties listed was up 11.34%. We have Buyers, but we NEED LISTINGS.
  • While the number of sales below $350,000 showed a drop, this was NOT the case for sales above $350,000, which showed increases in the number of units sold in ALL price segments. In fact, the smallest increase in the number of sales was an astounding 35% in the $350,000 to $500,000 dollar range. Listings above $500,000 dollars sold at a blistering pace, We saw an increase of 56.5% in the number of sales in the $500,000 to $800,000 range and a huge increase of 215% in the $1 million dollar to $2 million dollar range, in comparison to last year.

Collingwood
Second Quarter 2017

All Collingwood Real Estate

  • Number of new listings YTD is 471, up 1% from the same time period in 2016
  • Unit sales were down -4% at 349 units
  • Dollar volume sales of $164,611,863 is up 26% over 2016.
  • Average Sale Price All Real Estate $471,667 up 31% from 2106.
  • Average Sale Price Single Family Homes $540,976 is up 26%

The Blue Mountains
Second Quarter 2017

All Blue Mountains Real Estate

  • Number of new listings YTD is 320, down 8% from the same time period in 2016
  • Unit sales were up 16% at 219 units
  • Dollar volume sales of 134,167,319 is up 45% over 2016.
  • Average Sale Price All Real Estate $612,636 up 25% from 2106.
  • Average Sale Price Single Family Homes $822,040 is up 27%

Clearview
Second Quarter 2017

All Clearview Real Estate

  • Number of new listings YTD is 146, down 24% from the same time period in 2016
  • Unit sales were down -14% at 110 units
  • Dollar volume sales of 134,167,319 is up 45% over 2016.
  • Average Sale Price All Real Estate $576,982 up 23% from 2106.
  • Average Sale Price Single Family Homes $587,698 is up 22%

Wasaga Beach
Second Quarter 2017

All Wasaga Beach Real Estate

  • Number of new listings YTD is 528, down -15% from the same time period in 2016
  • Unit sales were down -15% at 376 units
  • Dollar volume sales of $152,503,934 is up 8% over 2016.
  • Average Sale Price All Real Estate $405,596 up 26% from 2106.
  • Average Sale Price Single Family Homes $433,344 is up 28%

Meaford
Second Quarter 2017

All Meaford Real Estate

  • Number of new listings YTD is 199, down -6% from the same time period in 2016
  • Unit sales were up 15% at 125 units
  • Dollar volume sales of $45,156,700 is up 33% over 2016.
  • Average Sale Price All Real Estate $393,253 up 26% from 2106.
  • Average Sale Price Single Family Homes $402,579 is up 23%

Compare Listings