As expected, the South Georgian Bay real estate market remained brisk through September with numbers that topped levels seen in both the previous month and year.
In the six key areas we serve – Clearview, Collingwood, Grey Highlands, Meaford, Town of the Blue Mountains and Wasaga Beach, there were 135 single family homes sold compared to 129 in August. 47 condo units sold versus 39 in the previous month. Building activity may be active next spring as we saw 17 sales of vacant land last month and 11 in August.
In the Town of Collingwood, there were 28 homes sold last month including 8 sales over $500,000 with two of those being over $1m. Anything over $500,000 represents the top 10% of the market. In the Town of Blue Mountain, there were 16 sales last month and almost half of those, 7, were in the upper tier with two sold over $1m.
With sales staying strong in all price bands including the upper tier, consumer confidence appears to be solid in the real estate market. Properties that are well priced and presented are selling in a timely fashion. As October is typically even busier than September, we can expect continued strong activity this month.
The inventory of houses, chalets and condos, especially under $350,000, is becoming very limited and driving up prices. If you are wondering if it is a good time to buy or sell, feel free to get in touch for a chat about your specific needs.
All data collected from the MLS® statistics of the Southern Georgian Bay Association of REALTORS®