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Georgian Triangle Real Estate Market Recap for August 2011

Posted by Sherry Rioux on September 3, 2011
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The August MLS® statistics are in for our local real estate market including key areas such as Collingwood, Blue Mountain, Meaford, Wasaga Beach, Clearview and Grey Highlands

Observations for the month of August:

• The number of sales for the month of August (173) were on par with July (175) but were down of August 2010 levels by 7.9%
• The number of condominium sales YTD (226) is on par with 2010 sales (221) at this point of the year.  The average, YTD condo sale price is $231,095
• The over-all average residential sale price is up over 2.4% over last year and currently sits at $322,883
• The number of new listings year-to-date is up 1.2% over August 2010 while the number of expired listings is down by 1.3%
• Of the 173 sales posted in August, 147, 7 farms, 18 vacant land, 1 commercial unit
• In August, there were 95 sales priced under $249,999, 62 from $250,000 – $499,999 and 16 were over $500,000 including 3 sales over $1 million
• The YTD sales to listing ratio is 32% and is strongest in Collingwood. It is lowest in the Town of blue Mountain at 24%
• At the end of the month, there were 2515 active listings for sale.

The chart below shows Year To Date data for all areas included in the Georgian Triangle Real Estate Board Area.

 

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