It was another good week for sales here in the Georgian Triangle with the positive trend holding. In the end of the day, the facts are all that matters BUT, there is a current swimming in the background that is rather interesting.
April is traditionally one of our peak sales months in the Collingwood – Blue Mountain area and, the warmer weather also brings out potential home buyers. However, there are A LOT of people looking with serious intentions of buying right now.
As we’re trying to book appointments for showings, a good number are already sold on a 10 day conditional basis. Those don’t show up yet in the stats. There continue to be multiple offers on some properties and surprisingly, condominiums are getting significant activity. I say surprising because condo’s are usually the last segment of the market to recover.
We’re hearing buyers say that they feel now is the time to buy. People who put off a purchase last fall and winter are jumping back into the market. The news in general has been far more positive than it has been over the last six months both internationally and domestically. The stock market has performed better, the dollar has gained strength, corporate profits in certain sectors have been positive, some manufacturers are reporting growth for the first time in a year and interest rates fell again to near historic lows.
Every now and then I chat with a potential buyer who is still waiting for a half-price sale. It’s not going to happen. I suspect those people will be the ones that wait for everyone else to drive up prices first. I have been reluctant to say now is the time to buy and in fact, have suggested some people wait. However, I really do believe that NOW IS the time to buy.
The following information was obtained from the MLS® statistics provided by the Georgian Triangle Real Estate Board. They include a summary of data for the following areas only: Collingwood, Wasaga Beach, Blue Mountain, Clearview, Grey Highlands and Meaford. For this week (previous three week’s numbers are in brackets):
Single Family Residential
• New Listings: 49 (53, 61, 45)
• Average List Price: $363,165.27
• Range of List Prices: $119,000 – $1,500,000
• Number of Sales: 17 (25, 12, 15)
• Range of Sale Prices: $141,500 to $671,000
Condominiums
• New Listings: 12 (22, 13, 15)
• Average List Price: $297,608.33
• Range of List Prices: $108,900 – $699,900
• Number of Sales: 2 (5, 4, 3)
• Range of Sale Prices: $315,000 – $525,000
Vacant Land
• New Listings: 6 (16,20, 4)
• Number of Sales: 1 (0,2, 3)
• Range of Sale Prices: $145,000
Number of Prices Changes All Types (down or up): 33
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Tags: blue mountain real estate market, Collingwood real estate market
[...] collingwood-bluemountain.com placed an observative post today on Georgian Triangle Real Estate Market Barometer: April 10th to 16th, 2009Here’s a quick excerptIt was another good week for sales here in the Georgian Triangle with the positive trend holding. In the end of the day, the facts are all that matters BUT, there is a current swimming in the background that is rather interesting. April is traditionally one of our peak sales months in the Collingwood – Blue Mountain area and, the warmer weather also brings out potential home buyers. However, there are A LOT of people looking with serious intentions of buying right now. As we’re trying to b [...]
[...] things she said created an interesting post today on Georgian Triangle Real Estate Market Barometer: April 10th to 16th,Here’s a short outline…here in the Georgian Triangle with the positive trend holding. In the … following information was obtained from the MLS® statistics [...]
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