Collingwood, Blue Mountain and Area July 2017 Real Estate Market Recap

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There were 177 sales in July compared to 263 for the same month last year.  This is due in large part to the extreme shortage of available properties for sale in the Southern Georgian Bay areas of Collingwood, Clearview, Blue Mountain, Meaford, Wasaga Beach and Grey Highlands.

This was the lowest level of monthly sales since February however, that is also a normal trend in the summer months.  There were 321 new listings (compared to 328 last year) suggesting a slight easing of inventory constrictions and a declining sales-to-listing ratio.  For the month, 55% of properties listed sold which is still firmly in sellers market territory.

While the number of sales is down, prices continue to climb and this is due again, to the lack of available properties for sale with only 483 homes for sale in our entire region.

SF sales by area

One interesting thing we’ve noticed is that several properties that sold firm in the last three to four months didn’t close as buyers defaulted and properties are coming back on the market.  This is fall-out from the frenzied conditions we had and buyers taking undue risks.

While conditions have moderated, it is still as seller’s market and we are still seeing competing offers with many properties selling for list price or higher if they are correctly priced to begin with. Properties that are over-priced or not well presented, are starting to sit on the market without offers.

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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 Wednesday, August 2nd, 2017 at 7:31 am and is filed under Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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