April was another strong month in the local real estate market with the number of sales last month up 19.7% over March and 23.3% over April 2011. Year to date, sales are up 18.5% over 2011 levels most notably in Grey Highlands (48.1%), Meaford (40%) and Collingwood (28.6%). Activity was, as usual, led by single family home sales.
The number of sales are up in all price bands under $500,000 and down marginally over this level.
The number of new listings year-to-date is up 10% overall led by Meaford (94%) and Blue Mountains (26%) over last year.
The average sale price in the six key areas of the Georgian Triangle as shown below is relatively constant and offset somewhat by fewer sales over $500,000. Details are on the charts below and you can enlarge them by clicking on them.
If the same seasonal patterns continue in 2012 that we have seen in the past few years, the market should continue to stay strong at least into October barring any dramatic shifts in interest rates or other economic surprises. One caveat: with the listing inventory climbing in most areas, prices should remain stable or even moderate. Sellers must continue to be competitive in their offerings and buyers need to exercise good judgment on values.
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