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Collingwood and Area Real Estate Barometer Nov. 16-22, 2018

Posted by Sherry Rioux on November 24, 2018
3 Comments

This market summary includes information for Collingwood, The Blue Mountains, Wasaga Beach, Clearview, Grey Highlands and Meaford. The information was obtained from the MLS® statistics provided by the Southern Georgian Bay Association of REALTORS®. Previous week(s) are in brackets.Collingwood and Area Real Estate Barometer

Single Family Residential
New Listings:  27 (32, 33, 22)
Average List Price: $898,567 / $699,900
Range of List Prices: $325,000 – $3,135,000
Number of Sales: 19
Range of Sale Prices: $285,000 – $1,175,000

Condominiums
New Listings: 9 (9, 9, 8)
Average List Price: $300,278 / $299,000
Range of List Price:  $199,900 – $485,000
Number of Sales: 3 (8, 12, 7)
Range of Sale Prices: $379,000 – $540,000

Vacant Land
New Listings: 2 (6, 5, 2)
Number of Sales: 2 (7, 2, 2)
Range of Sale Prices:  $59,000 – $250,000

Price Changes past week: There were 20 decreases in list prices

Notables this week:

  • 3 Single Family residences sold for more than the asking price and 1 sold at the asking price
  • 1 condo listings sold at the asking price

Here is a summary of the past 7 days:

 

Note:  All statistics for this Collingwood and Blue Mountain area real estate summary were obtained from the Southern Georgian Bay Association of REALTORS® Real Estate Board.

3 thoughts on “Collingwood and Area Real Estate Barometer Nov. 16-22, 2018

  • Kim
    on November 24, 2018

    In the Blue Moutain/Collingwood area, how long will a new construction building permit approval time be? 2 months or possibly refused?

  • Marg Scheben-Edey, Broker
    on November 24, 2018

    Hi Kim. If the application is complete and complies with the zoning and building code requirements, the process is fast and could be a week or so. They key is having the application complete so I suggest speaking with the building department to make sure you have all requirements completed. The area municipalities all have their building code forms and process available online too.

  • kim
    on November 25, 2018

    Thanks Marg. In a letter, the builder said they have applied for the building permit and once it is received, they will review construction schedule again. So I wonder if the building permit could be able to approved in a short period. If the process is fast, they don’t have to review the schedule again. So what do you think? They think the building permit would take longer time or they want to delay? I think most buyers would be happy with the delay. If all builders stop new construction in the current market, that would be a smart choice.

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