Although it's now February, people are still asking about prices in our various neighbourhoods in the Georgian Triangle. So, in the spirit of wrapping up the 2008 statistics, here is a chart showing the change in the average sale prices between 2007 and 2008 by area:
Please do remember that average sale prices can be skewed significantly by a few really high or low sales so they are not necessarily a fair representation of prices however, they do show the general trends by area.
Interestingly but not surprisingly, both Collingwood and Wasaga Beach registered an increase in values; even when I tried eliminating sales under $100,000 and over $1 million. More rural areas such as Grey Highlands and Clearview showed the greatest declines.
Right now, we sure are seeing buyers being very reluctant to jump in despite great prices and mortgage rates. Consumer confidence is not high but I have noticed a real uptick in showing activity of late.
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