Slowly but surely, the market is waking up along with the daffodils. As we began the second quarter last month, sales remained comparable to last year with a slight increase of about 4% in the number of properties sold. Compared to 2011 though, it was a banner month as sales were 27.5% higher than in April 2011. The dollar value of the sales was actually down a little suggesting that most of the activity is still in the more moderate price ranges and as has been the case for some time now, the most active price range is in the $200,000 to $300,000 range. Sales in the upper end have remained slow keeping the average sale prices down. This chart shows market activity in all areas.
There were some competing offers this past month on in-town, residential properties in most of the towns we serve but again, they were ones priced under $225,000 and in good condition. We also saw competing offers on some condominiums that were well located (water views) and in pristine condition with excellent pricing. It seems that buyers really are looking for new, shiny and move-in units.
The sales to listing ratio is in balanced market conditions in Collingwood but remains in buyers market territory in all other areas served by our board. Meaford in particular has had a challenging year. Here is a snapshot, by area, of the six main communities we serve.
There are currently 2226 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.