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Real Estate Recap for Collingwood, Blue Mountain and Area February 2020

Posted by Sherry Rioux on March 4, 2020
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February proved to be another strong month in our southern Georgian Bay real estate market and like the GTA, March is proving to be coming in like a lion.  With the just-announced cut to the bank rate, we can expect continued high levels of activity in the foreseeable future.

Residential sales in our region are up by 19.8% year-to-date compared to last year and are close to echoing the conditions we saw during the frenzy in 2016 and early 2017.  While the number of new listings has increased YTD by 14.%%, sales are up more so the months of inventory available is generally declining.  Inventory of options for buyers continues to be a challenge with current offerings well below levels seen pre-2015 by half or more.

The average residential sale price in the region has climbed 13.4% in the region to $615,295 reflecting increased sales of higher-priced properties.

I have noticed that certain types of properties sell far more quickly than others.  For example, condominiums with garages or those where short-term rentals are permitted, sell instantly with multiple offers.  Properties in the downtown core of Collingwood are also in high demand as are lower-priced properties in all areas.  More typical “middle-class” homes such as ones we see in subdivisions, are taking longer to sell reflecting perhaps the fact that many buyers in the region are not local, move-up buyers as much as people purchasing secondary or retirement homes.

All markets are local and variances are significant in our region.  For example, by far the tightest market conditions are in Collingwood with just 2.8 months of inventory available compared to Clearview where we see over 7 months available.  In Blue Mountain, the inventory of properties for sale is climbing significantly and now has 5.5 months available. While most areas are in relatively balanced market conditions, Collingwood, in particular, is clearly a seller’s market.

To see a detailed report that breaks down sales, inventory and home price data for Collingwood, Blue Mountain, Clearview, Meaford and Wasaga Beach, please click the following link: February-2020-Western-District.pdf

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    RIOUX BAKER - 238 LOGO


    Clairwood Real Estate Corporation, Brokerage
    10 Keith Ave., Suite 306
    Collingwood, Ontario L9Y 0W5
    Office: 705-445-7085  | Toll Free: 1-877-445-7085

    Rioux Baker Team Contacts
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    Sherry Rioux*

    Direct: 705-443-2793
    EMAIL SHERRY

    Emma Baker*

    font_awesome icon=’fa fa-phone-square’ size=’15px’] Direct: 705-444-3989
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    Jacki Binnie**

    Direct: 705-441-1071
    EMAIL JACKI

    David Holman**

    Direct: 416-930-2558
    EMAIL DAVID

    Craig Davies**

    Direct: 289-685-8513
    EMAIL CRAIG

    Hollie Knight***

    Direct: 705-445-7085 ext 261
    EMAIL HOLLIE

    Almira Haupt***

    Direct: 705 445-7085 ext. 25
    EMAIL ALMIRA


    *Broker **Sales Representative ***Admin

    Rioux Baker Team Contacts
    Click name for contact details.

    Sherry Rioux*

    Direct: 705-443-2793
    EMAIL SHERRY

    Emma Baker*

    Direct: 705-444-3989
    EMAIL EMMA

    Jacki Binnie**

    Direct: 705-441-1071
    EMAIL JACKI

    David Holman**

    Direct: 416-930-2558
    EMAIL DAVID

    Craig Davies**

    Direct: 289-685-8513
    EMAIL CRAIG

    Hollie Knight***

    Direct: 705-445-7085 ext 261
    EMAIL HOLLIE

    Almira Haupt***

    Direct: 705 445-7085 ext. 25
    EMAIL ALMIRA



    *Broker **Sales Representative ***Admin

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    CLAIRWOOD REAL ESTATE CORPORATION, Brokerage
    306-10 Keith Ave.,
    Collingwood, ON
    L9Y 0W5
    Tel: 705-445-7085
    Toll Free: 1-877-445-7085

     


    Rioux Baker Real Estate Team
    Clairwood Real Estate Corporation, Brokerage
    10 Keith Ave., Suite 306
    Collingwood, Ontario L9Y 0W5
    Office: 705-445-7085 | Toll free: 877-445-7085

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