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Southern Georgian Bay Market Update March 2017

Posted by Greg Syrota on April 19, 2017
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Southern Georgian Bay home sales set new record for March

Residential sales recorded through the MLS® System of the Southern Georgian Bay Association of REALTORS® came in above year-ago levels in March 2017.

Home sales numbered 298 units in March 2017, rising 16.4% from a year earlier. Year-to-date home sales numbered 631 units, edging down 0.9% or just six sales from the record first quarter set last year. This was due to a somewhat slower January this year, which in turn may have been the result of a scarcity of new listings in that month.

The Southern Georgian Bay Association of REALTORS® comprises two distinctive markets. Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, Municipality of Meaford and part of Grey Highlands rose 21.3% on a year-over-year basis to 205 units in March 2017. This was the first March to log more than 200 sales.

Year-to-date home sales in the Western Region numbered 426 units, edging up 0.5% from this time last year. In February and March new listings bounced back in the Western District. That led to a new March sales record – more than 20% above the previous March peak.  Overall supply stands at record lows.

Residential (Single Family) March 2017 by Area

Clearview

  • #Listings 19 – down – 34.5% (2016 –29) | Year to date listings down – 32.3%
  • # Sales 15 –down – 28.6% (2016 – 21) | Year to date sales down – 2.4%
  • 12 Month Average Price $519,478, up 35.9% (2016 –$382,135)
  • Monthly Sales to Listing Ratio 79% | YTD  100%

Collingwood

  • #Listings 42 – up 10.5% (2016 – 39) | Year to date listings down -10.8%
  • # Sales 36 – up  100% (2016 – 18) | Year to date sales even at 61
  • 12 Month Average Price $458,150, up 19.9% (2016 – $382,105)
  • Monthly Sales to Listing Ratio 86% | YTD 74%

Grey Highlands

  • #Listings 4 – down -63.6% (2016 – 11) | Year to date listings down – 57%
  • # Sales 4 – no change  (2016 – 4) | Year to date up 20%
  • 12 Month Average Price $517,247, up 28.7% (2016 – $517,247)
  • Monthly Sales to Listing Ratio 100% | YTD 133%

The Blue Mountains

  • #Listings 24 – down -7.7%  (2016 – 26) | Year to date listings down -1.4%%
  • # Sales 24 – up 60% (2016 – 15) | Year to date Sales up 37.8%
  • 12 Month Average Price $687,079, up 6.4% (2016 – $645,806)
  • Monthly Sales to Listing Ratio 100% | YTD 72%

Municipality of Meaford

  • #Listings 17 – down – 55% (2016 – 38) | Year to date listings down – 24.5%
  • # Sales 12 – up 20% (2016 – 10) | Year to date sales up 35.3%
  • 12 Month Average Price $360,800, up 15.2% (2016 – $313,198)
  • Monthly Sales to Listing Ratio 71% | YTD 57%

Wasaga Beach

  • #Listings 69 – down -42.8% (2016 – 80) | Year to date listings down -13.7%
  • # Sales 49 – up %2 (2016– 48) | Year to date sales down -10.6%
  • 12 Month Average Price $367,517, up 16.4% (2016 – $315,754)
  • Monthly Sales to Listing Ratio 71% | YTD 81%

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