Southern Georgian Bay Home Sales Remain Strong in July. Residential sales recorded through the MLS® System of the Southern Georgian Bay Association of REALTORS® came in slightly below last year’s record levels in July 2015.
 
The Southern Georgian Bay Association of REALTORS® comprises two distinctive markets, the Eastern and Western Districts. This report will focus on home sales in the Western District which includes Wasaga Beach, Collingwood, Clearview Township, The Blue Mountains, Municipality of Meaford and Grey Highlands.
 
Sales declined 4.7 per cent on a year-over-year basis to 221 units. This was still the second best of any July on record. On a year-to-date basis, home sales were running at the highest level on record, up 7.4 per cent from last year.
The average price of homes sold in the Western District was $332,241 in July 2015. This was an increase of 2.2 per cent from a year earlier. That said, the less volatile year-to-date average price measures for the Western District was up 6.2 per cent.
 
Listings are in increasingly short supply in the Western District, which is seeing another year of strong price growth as a result. The number of new residential listings in the Western region in July 2015 was 522 units, falling 17.7 per cent from a year earlier. Overall supply remains at a decade low.
 
 

Prepared by Diana Lea Berdini, Broker/Office Manager for Chestnut Park Real Estate Limited Brokerage Collingwood

 

(Image provided by http://www.northernontario.travel/)

Southern Georgian Bay Home Sales Remain Strong in July. Residential sales recorded through the MLS® System of the Southern Georgian Bay Association of REALTORS® came in slightly below last year’s record levels in July 2015.
 
The Southern Georgian Bay Association of REALTORS® comprises two distinctive markets, the Eastern and Western Districts. This report will focus on home sales in the Western District which includes Wasaga Beach, Collingwood, Clearview Township, The Blue Mountains, Municipality of Meaford and Grey Highlands.
 
Sales declined 4.7 per cent on a year-over-year basis to 221 units. This was still the second best of any July on record. On a year-to-date basis, home sales were running at the highest level on record, up 7.4 per cent from last year.
The average price of homes sold in the Western District was $332,241 in July 2015. This was an increase of 2.2 per cent from a year earlier. That said, the less volatile year-to-date average price measures for the Western District was up 6.2 per cent.
 
Listings are in increasingly short supply in the Western District, which is seeing another year of strong price growth as a result. The number of new residential listings in the Western region in July 2015 was 522 units, falling 17.7 per cent from a year earlier. Overall supply remains at a decade low.
 
 

Prepared by Diana Lea Berdini, Broker/Office Manager for Chestnut Park Real Estate Limited Brokerage Collingwood

 

(Image provided by http://www.northernontario.travel/)

Older Blog Posts