As we saw last month, the momentum in our local real estate market has firmly taken hold with the first quarter of 2012 (Q1-12) being one of the strongest on record. We had a very early start to the spring market and the weather combined with the threat of rising interest rates is certainly keeping us all very busy!
The Georgian Triangle area includes the communities of Clearview, Collingwood, Blue Mountain, Wasaga Beach, Grey Highlands, Meaford and surrounding areas such as Tiny, Springwater and Mulmur Townships to an extent.
Here are the highlights for the first quarter (January to March) of 2012:
During the quarter, there were 1628 properties of all kinds listed for sale compared to 1495 during Q1-11; an increase of 8.9%. there were 618 properties listed in the month of March alone compared to 576 in March, 2011. As of the end of the month, there were 2109 active listings for sale on the Georgian Triangle MLS®.
There were 172 sales in March compared to 128 in February and 155 in March 2011. The total number of sales in the first quarter of this year are the highest on record since I began tracking stats with 403 sales compared to the previous high of 387 back in March 2010. Of these, there were 66 condo sales with an average sale price of $242,080.
$120,000 – $$149,999 (15 sales)
$150,000 – $249,999 (69 sales)
$250,000 – $349,999 (39 sales)
$350,000 – 499,999 (12 sales)
There were 10 sales over $500,000 including 2 sales over $1 million.
Breakdown of Residential Single Family Activity in 6 Key Areas
With the exceptions of Meaford and the Town of Blue Mountain, the sales-to-listing ratio has improved in all areas over the last year despite the significant increase in properties listed for sale this quarter. Most areas in the Georgian Triangle, with the exception of the Town of Collingwood which is experiencing balanced conditions, are still in Buyer’s market conditions.
All data collected from statistics provided by GTAR MLS®
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