Georgian Triangle Real Estate Market Report for April 2010

The number of properties sold in the Georgian Triangle so far this year is up 30% over last year and the dollar value of those sales is up 39%.  In April alone, there were 209 sales; 9 more than in March.  There were 676 new listings compared to 614 in March and if seasonal trends hold true, we are likely to peak with potentially record-setting new listing inventory levels in May.

The most active price range for properties that sold was $150,000 to $300,000.  We’ve also seen an increase in sales in the $400-$600,000 range with 22 sales in April alone compared to 15 last year.  The luxury home market has surged ahead with 17 sales so far in 2010 over the $700,000 level compared to just 6 sales last year at this time.  There have been 4 sales over $1.5 million this year including two that topped the $2 million mark.

The 12 month, average residential sale prices year-to-date are up in all of our major markets this year.  Despite this, we are still experiencing sales-to-listing ratios in the buyer’s market territory with some exceptions.  Properties in Meaford, condominiums and in-town homes priced under $300,000 are selling well above normal ratios if they are well presented and properly priced.

In the condominium market, there have been 101 sales so far in 2010 with an average sale price of $232,617 compared to 66 sales by this time last year with an average value of under $195,000.  We have also seen a significant increase in the sale of vacant land with more than twice as many sold so far this year (47 units) as last year (22 units). 

Here is a summary of how the month looked:

Total Area Summary April 2010 YTD April 2009 YTD % +/-

Listings (Units)

2,226 1,931 15.3%
Expired Listings (Units) 914 1,005 -9.1%
Sales (Units) 596 396 50.5%
Sales $1 to $199,999 (Units) 206 167 23.4%
Sales $200K to $349,999 (Units) 268 167 60.5%
Sales $350K to $499,999 (Units) 75 37 102.7%
Sales $500K to $799,999K (Units) 40 20 100.0%
Sales $800K to $999,999K (Units) 2 3 -33.3%
Sales $1.0 Million + 5 2 150.0%
Average Residential Price $308,137 $276,138 11.6%
Residential Activity by Area April 2010 YTD April 2009 YTD % +/-

Clearview (Units)
12 Month Average Price

51
$266,178
29
$246,413
75.9%
8.0%

Collingwood (Units)
12 Month Average Price

93
$258,865
65
$256,321
43.1%
1.0%

Grey Highlands (Units)
12 Month Average Price

33
$330,187
16
$260,940
106.3%
26.5%

Munic. Meaford (Units)
12 Month Average Price

36
$261,127
17
$251,103
111.8%
4.0%

Blue Mountains (Units)
12 Month Average Price

54
$469,266
31
$442,887
74.2%
6.0%

Wasaga Beach (Units)
12 Month Average Price

100
$256,844
79
$252,317
26.6%
1.8%

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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 Monday, May 10th, 2010 at 6:56 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.

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