Sales were strong and steady last month in the western region of Southern Georgian Bay including the communities of Blue Mountain, Clearview, Collingwood, Grey Highlands, Meaford and Wasaga Beach. Generally, we are seeing a good news story here that shows sales year-to-date up 8.2% over 2018 and, up 22% for the month of August compared to the same month a year ago.
The number of new listings is also increasing and at present, there is an “inventory” of approximately 4.2%. It is still well below 2015 levels but much more balanced than what we saw in 2017 when there were just 2.7 months of inventory.
The average sale price in the region is $538,816; up 10.2% year-to-date compared to 2018 and interestingly, up 104.8% from 10 years ago.
As our region includes a diverse collection of communities, there are real variations in each area. A full and detailed breakdown of each community can be found in this market report.
Marg Scheben-Edey is a Broker with RE/MAX four seasons realty limited, Brokerage in beautiful Collingwood, ON. With three decades of experience, Marg is a leader in the local real estate marketplace and is ready to help guide both Buyers and Sellers in achieving their real estate goals. Email Marg