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

market Snapshot

Year-to date listings are still down by 12% over last year however, for the first time this year, the number of new listings last month exceeded the number that were listed in August 2016.  The supply of available property is still lowest in Collingwood followed by Wasaga Beach.  The number of active listings has been creeping up each month which may soon spell relief for anxious buyers.

On the selling front, there were 37% fewer sales in August 2017 versus the same month 2016 and  year-to-date, sales have fallen 9.8% from their levels this time last year.

Average sale prices continuing to rise in most areas and for the first time, the 12 month average residential, single family home price has moved over the $500,000 mark in Collingwood.  Overall, prices are still 19% to 29% higher than they were a year ago.

12 mos ave sale price

Despite a softening in sales, we are still in a sellers market in most areas however, it is time for sellers to start paying more attention to the specifics of the market conditions for what they are offering and in their location.  There are some properties that are not selling and are getting very few showings while others are still flying out with multiple offers over the asking price.  This is a time that people should very clearly be getting professional and experienced advice from their REALTOR® both when selling and buying.

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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 Saturday, September 2nd, 2017 at 8:14 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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