Collingwood – Blue Mountain November Real Estate Market Recap

It’s hard to believe that we’re looking at statistics from the penultimate month of 2010!  Here are a few observations on the embedded charts included herein:

• Overall, YTD November 2010 figures saw an increase in listings, expired listings and sales numbers versus same period last year.
• In the table above, we see significant increases year over year in the price category “$500,000 – $799,999” of 46% in number of units sold and in the “$1 Million and over” category a whopping 66.7% increase in unit sales!
• Geographically, Grey Highlands continues a strong showing this year, with number of unit sales YTD up a substantial 36.8% when compared to the same period last year.
• Town of Blue Mountain unit sales numbers have dropped 7.2% year over year and similarly Wasaga Beach unit sales dipped 4.5% YTD 2010 over YTD 2009.

Importantly, in the chart below, we see a comparison of sales-to-listings ratios for the months January through November 2009 and January through November 2010.    November 2010’s sales-to-listing ratio is 33.81%, which means that only 1 house in 3 sells.


 
Although the individual monthly sales volume (units) since June 2010 has exhibited a downward trend, strong sales figures from January to May (2010) make the overall year to date number of sales 4.1% above 2009 figures for same period.  Interestingly, monthly sales volume (dollars) show a similar downward trend in the last three months, but strong sales volumes earlier in the year have buoyed the overall sales volume (dollars) to a healthy 12.3% over 2009’s figures year to date.

What’s the forecast?  We’re likely to see more of the same in December, finishing the year with a well-entrenched buyer’s market and conservative growth in most sectors of the market.  Now, more than ever, seeking the advice of an experienced real estate professional is of utmost importance to successfully navigating today’s market.


Subscribe to my monthly newsletter by clicking here.

Tags: , , , , , , ,

About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Thursday, December 9th, 2010 at 5:24 am and is filed under Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Fill in the missing number *

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