I know it will not be a surprise to you to learn that real estate sales in Collingwood, Blue Mountain and area last month presented a far rosier picture than we saw one year ago.
Sales in the Georgian Triangle in January, 2010 were up 56% over the same period last year when we were in the depth of the recession. There were 81 sales reported for January 2010 and 455 new listings representing a decline a just 2% over 12 months ago.
Sales in units have not yet returned to 2008 levels however, the 12 month average sale price continues to climb. Of particular interest is the number of condominium sales last month which showed a sharp rise compared to the previous two years. These sales occurred across our area in all price ranges and follow the pattern of buyers moving to condominium living being reported in larger urban centres.
The following information was obtained from the MLS® statistics provided by the Georgian Triangle Real Estate Board. The first number is for January 2010 with January 2009 and 2008 results in brackets:
Total Number of Sales in all areas reported: 81 (52, 111)
Total # of Listings in all areas reported: 455 (462, 454 )
# Active Listings as of January 31: 1695
Single Family Residential Only
(Data is limited to Collingwood, Clearview, Grey Highlands, Meaford, Blue Mountains and Wasaga Beach areas only):
# Single Family Residential Sales: 44 (25, 69 )
Average Sale Price: $293,377 ($290,483, $312,779 )
Sales-to-Listings Ratio: 20% (12%, 33% )
# Condo Sales: 23, (8, 19 )
# Farms Sold: 0
# Vacant Land Sold: 5
# Commercial Sold: 2
Market conditions are much improved over last year and all bets are on this trend continuing through the traditional spring market months as people act to avoid the HST coming into effect on July 1, 2010.