Looking For A Large House For Sale in Collingwood?

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13 Silver Crescent Web 02

Perhaps you have a large family or maybe just lots of family and friends who like to visit. Perhaps you like to spread your wings the way I do or you just want somewhere to put everything.

Right now, there are a total of 9 homes for sale on the MLS® in Collingwood that are over 3,000 square feet in size and that are fully serviced. They range in price from $575,000 to $1,675,000. Six are century homes. Some need renovation or are in busy locations. Most range in price from $200.00 to $400.00 a square foot.

There is one that stands out from the rest. One reason is that it is my listing – ha ha. But seriously, it stands out because it is SO WELL PRICED! Consider these facts

  • It is less than 5 years old
  • At 3200 square feet in size, it’s priced at less than $180.00 a square foot!
  • It’s beautifully built with about $100,000 in luxury upgrades included
  • The 50 foot lot is perfectly and exquisitely landscaped
  • It has 4 bedrooms and, there is a full basement ready to finish if you want to add more
  • It’s located in a waterside community with access to the water and to the trails
  • The neighbourhood is pretty – not a cookie cutter subdivision
  • It’s a low traffic neighbourhood with a mix of demographics from young families to mature adults

If you are looking for a larger home in the area, then you can’t miss this one.

Bacchus House in Collingwood

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Bacchus House

If you are planning a trip to view houses for sale in the Collingwood area, you might want to stay overnight and treat yourself to an unhurried couple of days to enjoy the area.

One real gem to consider is the Bacchus House Bed and Breakfast on Hume St in Collingwood. Owners Annette and Andy Lee have over 30 years hospitality management experience of working in 4 Diamond / 5 Star properties as well as Michelin Starred restaurants in Europe. The Bacchus House was the first 5 star B&B in Collingwood and the first B&B in Ontario to receive 5 stars from Canada Select.

The interior is gorgeous, the rooms sumptuous and the food is exquisite including the gourmet breakfast. Parking is free on-site and the house is located just a couple of blocks from Collingwood’s Historic downtown core. With rates under $200 a night including a full gourmet breakfast, this could be just what you need.

Monday Morning Interest Rate Update October 27, 2014

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Guest Post by Dave Larock

The Bank of Canada (BoC) left its overnight rate unchanged last Wednesday, as was universally expected.

The BoC also released its latest Monetary Policy Report (MPR), which I read with great interest because it provides us with the Bank’s views on the state of our economy and includes projections for where it sees both foreign and domestic economic momentum headed over the next several years.

Here are five highlights on the state of the Canadian economy from the latest MPR:

… read more

David Larock is an independent full-time mortgage planner and industry insider. Visit his blog for many more interesting articles and some great mortgage advice. 

Collingwood and Area Real Estate Barometer Oct. 17-23, 2014

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This market summary includes data for Collingwood, Blue Mountains, Wasaga Beach, Clearview, Grey Highlands and Meaford. The information was obtained from the MLS® statistics provided by the Southern Georgian Bay Association of REALTORS®. Previous week(s) in brackets.

Single Family Residentialbarometer
New Listings: 27 (31, 49, 47)
Average List Price: $408,530
Range of List Prices: $158,800 – $2,395,000
Number of Sales: 26 (26, 29, 27)
Range of Sale Prices: $117,000 – $1,225,000

Condominiums
New Listings: 9 (7, 21, 21)
Average List Price: $242,556
Range of List Prices: $101,500 – $389,900
Number of Sales: 14 (13, 8, 6)
Range of Sale Prices: $118,540 – $297,000

Vacant Land
New Listings: 9 (5, 5, 5)
Number of Sales: 4 (3, 3, 3)
Range of Sale Prices: $120,000 – $350,000

Price Changes 20

Notables this week:

– 1 single family residence sold for more than it’s list price

– 1 single family residence sold at it’s list price

– 1 vacant land listing sold for more than it’s list price

 


Note
: All statistics obtained from the Southern Georgian Bay Association of REALTORS® Real Estate Board

Some Times, Back-Up Offers Work

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back-up offers

Right now, there are several houses in the Collingwood, Blue Mountain area that have conditional offers pending on them. Sometimes this is because the buyer has a home to sell or, it may be conditional for a short period of time while the buyer gets approval for financing or has a home inspection and so forth. During this time, the seller cannot enter into another firm agreement with another buyer.

I’ve often been asked if someone could offer more to bump out the first offer and the answer is no if an offer has already previously been accepted by the seller and is still in the conditional period. Here is an example.

Let’s say Mr. Smith has his home for sale for $325,000. Mrs. Jones comes along and makes an offer to buy the house for $320,000 subject to her being able to secure financing and have a home inspection on the property within 7 days. Mr. Jones accepts the offer and now, there is a conditional offer pending. The house remains on the market because the agreement with Mrs. Jones is not yet binding. Along come the Carter family the next day. They just love the house and are willing to give Mr. Smith the full $325,000 he was asking. What happens now?

In this case, Mr. Smith is not at liberty is simply accept their offer as Mrs. Jones still has another six days during which she has the property “tied up” so to speak. What Mr. Smith can do though instead, is accept the offer and insert a condition of his own saying that in the event Mrs. Jones does not remove her conditions by the end of the 7 day period, then he accepts their offer. For the Carter family, they would now be in what we call “back-up” position.

Does it work? I’ve had four such situations in the last few months. In two cases it did not work for my buyers as the first buyer did fulfill their condition. In two other cases, it did work for the buyer and the back-up offers were ultimately the successful buyers. In one case, I was representing the seller and we actually had competing back-up offers. It can be confusing for the buyers and sellers involved but it is our job as REALTORS® to guide them through the process.

Collingwood: Seasons of Change

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Collingwood Seasons of Change

Rogers TV has been airing an excellent, half hour documentary by Steve McEown that profiles the changes in Collingwood from a ship-building community to what it is today. It was well done and features many of my clients, co-worker Linda Lavers and even I get my five minutes of fame.

Click on the image above to view. A quick commercial comes first.

Collingwood and Area Real Estate Barometer Oct. 10-16, 2014

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This market summary includes data for Collingwood, Blue Mountains, Wasaga Beach, Clearview, Grey Highlands and Meaford. The information was obtained from the MLS® statistics provided by the Southern Georgian Bay Association of REALTORS®. Previous week(s) in brackets.

Single Family Residentialbarometer
New Listings: 31 (49, 47, 42)
Average List Price: $583,219
Range of List Prices: $224,900 – $1,200,000
Number of Sales: 26 (29, 27, 29)
Range of Sale Prices: $95,000 – $1,150,000

Condominiums
New Listings: 7 (21, 21, 11)
Average List Price: $343,943
Range of List Prices: $125,800 – $629,000
Number of Sales: 13 (8, 6, 9)
Range of Sale Prices: $126,000 – $600,000

Vacant Land
New Listings: 5 (5, 5, 8)
Number of Sales: 3 (3, 3, 5)
Range of Sale Prices: $52,000 – $95,000

Price Changes 20

Notables this week:

Number of listings may be down as we had a holiday Monday.


Note
: All statistics obtained from the Southern Georgian Bay Association of REALTORS® Real Estate Board

How Much Is The Other Offer For?

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ConfidentialMany people who are trying hard to buy houses here in the Collingwood and Blue Mountain areas are getting a little frustrated. We’ve had a sustained busy market for several months now and there is a shortage of options for house buyers in certain areas or in certain price ranges.

One of the real frustrations people have is when they view a house they love only to find out that a conditional offer has just been accepted. When this happens, the first question I’m always asked is,

Do you know how much the other offer is for?

The answer is no. When a conditional offer is accepted, the sale price remains confidential, even to other REALTORS® until the sale is firm and binding. The reason for this is that the listing brokerage has an obligation to protect the best interests of their client – the seller and so, disclosing the sale price may prevent someone else from ever offering more once they know what the seller agreed to. In the case where a brokerage represents both a seller and a buyer, the price cannot be disclosed either without the written consent of the seller.

The New Collingwood Centre Shopping Plaza

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Here is the site plan for the redeveloping mall, or should I say, shopping centre in Collingwood’s west end where the Zellers used to be.  I had wondered what was going in that freestanding building on the west side and now we know.  Carter’s Osh Kosh.

Collingwood Centre Shopping

Collingwood and Area Real Estate Barometer Oct 3-9, 2014

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This market summary includes data for Collingwood, Blue Mountains, Wasaga Beach, Clearview, Grey Highlands and Meaford. The information was obtained from the MLS® statistics provided by the Southern Georgian Bay Association of REALTORS®.  Previous week(s) in brackets.
barometer

Single Family Residential
New Listings: 49 ( 47, 42, 44)
Average List Price: $393,051
Range of List Prices: $109,000-$1,495,000
Number of Sales: 29 (27, 29, 22)
Range of Sale Prices: $199,900 – $704,000

Condominiums
New Listings:  21 (21, 11, 12)
Average List Price: $288,745
Range of List Prices: $115,000 – $724,900
Number of Sales: 8 (6, 9, 5)
Range of Sale Prices: $118,000 – $290,000

Vacant Land
New Listings: 5 (5, 8, 10)
Number of Sales: 3 (3, 5, 2)
Range of Sale Prices: $15,500 – $690,000

Price Changes 30

Notables this week:
1 single family home sold at it’s list price.

 

Note: All statistics obtained from the Southern Georgian Bay Association of REALTORS® Real Estate Board

RE/MAX four seasons realty limited, brokerage  ♦  67 First Street Collingwood, ON L9Y 1A2  ♦  705-445-8500