Call Marg: 705-446-1762

September saw a return to more balanced market conditions similar to what we saw in September 2016.

Supply continues to be a challenge with the number of active listings down compared to last month with fewer new residential listings but this is on par for the time of year.  The number of sales last month were also down from August which may in part be due to the fewer number of properties available combined with less urgency from buyers as we saw over the spring and early summer months.

Market Snapshot

The year-to-date sales to listing ratio is about the same as it was one year ago at just over 65%; firmly still in seller’s market territory.  While the total number of sales YTD is down 9.8% compared to this time last year, the number of listings is down by 12% and the dollar value of sales is up 11%.

Sales are up in all price ranges over $500,000 compared to a year ago reflecting higher pricing in the local market.  Single family residential prices year-to-date are up from 16.9% to 30.1% in all of our six key areas over September 2016.

12 month ave prices

One noteworthy area of the market is in waterfront properties where very few were listed this year and almost all sell for over asking almost instantly except some located along highway 26.  Prices are surprising with a recent sale this week over $1.3m for an 800 sq ft cottage on a 75 foot waterfront lot.

Another area where demand far outstrips supply is in STA (short term accommodations permitted) eligible condo units at Blue Mountain.  These almost always attract multiple offers over the asking price with some surprising sale prices.  A 2 bedroom unit in Rivergrass recently sold for over $440,000 compared to a comparable one selling for $325,000 just last fall.

READ  Collingwood and Area Real Estate Barometer July 19-25, 2019

229 condos sold in the first 9 months of this year in the Town of Collingwood for an average sale price of just over $390,000 and demand continues to be strong; especially for 3 bedroom units with gas heat and condos with garages and/or basements.

Monthly E-Newsletter

Marg Scheben-Edey

Real Estate Broker
Market Value Appraiser - Residential
Accredited Green Broker™
(designated by the National Association of Green Agents & Brokers)

RE/MAX four seasons
realty limited, Brokerage
Each Office Independently Owned & Operated
67 First Street, Collingwood L9Y 1A2

Contact Marg

 Direct: 705-446-1762

Prefer Text? 705-446-5066

Email Marg

© Copyright 2017 All Rights Reserved.

Privacy Policy | Sitemap

Get Marg's Newsletter Delivered to Your InboxMonthly

Hey, it never hurts to know more about the local market and the goings on, does it? Stay “in-the-know” about the South Georgian Bay real estate market as well as local news, great new businesses and other fun stuff. At least you’ll have some impressive local trivia at the next cocktail party! Now, I just need a little info from you. (This information will never be shared – I promise!)


Pin It on Pinterest