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Georgian Triangle Market Update August 2018

Posted by Admin on September 18, 2018
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August 2018 Highlights

Southern Georgian Bay Residential Single Family Homes

  • # of Sales = 336, up 3.4% over August 2017
  • Year-to-date Sales 2215, down -23.1% over same period last year.
  • Average House Price $482,003, up 10.5% from August 2017
  • Year-to-date Average House Price $472,8295, up 6.3% over same period 2017

Western Region Residential Single Family Homes

  • # of Sales = 179, down -2.7%  overAugust 2017
  • Year to Date Sales of 1255 down -22.4% over same period last year.
  • Average House Price $527,211, up 12% from August 2017
  • Year-to-date Average House Price $488,773, up 2.8% over same period 2017

Source: Southern Georgian Bay Association of Realtors

Sales activity is now running close to the 10-year average for the region. The improvement in demand comes alongside recovering sales activity in a number of other markets in and around the GTA. Overall supply remains near record lows.

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