December 2016 Market Update | Collingwood Real Estate | Blue Mountains

This report summarizes the monthly statistics for the Western Region of the Southern Georgian Bay Association of REALTORS® (SGBAR). The Western Region includes Clearview Township, Collingwood, The Blue Mountains, Municipality of Meaford, Wasaga Beach, Springwater & Grey Highlands.

Record sales and low inventory continued to be the trend in December 2016.  The number of new listings in December 2016 was down -25% at 123 listings (from192 in December 2015).  The number of units sold was down slightly by one percentage (from 127, Dec. 2015 to 126 Dec. 2016) while the dollar volume was up 4% overall with sales totalling $48,381,000 (2015 $46,685,516). The monthly sales to Listing ratio for December was 102.44% compared to 76.97% during the same period last year. The sales to listing ratio shows there were more sales in December 2016 than there were new listings.

The demand for listings still greatly exceeds the supply and sales would likely be even higher if there were more homes on the market.

Residential (Single Family) December 2016 by Area

Clearview

  • #Listings 10 – down -28.58% (2015 – 14)
  • # Sales 10 – up 42.85% (2015 – 7)
  • 12 Month Average Price $486,144 up 34.1%(2015 – $362,513)
  • Monthly Sales to Listing Ratio 100%

Collingwood

  • #Listings 12 – down -45.45% (2015 – 22)
  • # Sales 20 – down -16.66% (2015 – 24)
  • 12 Month Average Price $440,176 up 19% (2015 – $339,818)
  • Monthly Sales to Listing Ratio 167%

Grey Highlands

  • #Listings 3 – down -25% (2015 – 4)
  • # Sales 1 – down -75% (2015 – 4)
  • 12 Month Average Price $480,736 up 20.1%  (2015 – $400,128)
  • Monthly Sales to Listing Ratio 33%

Municipality of Meaford

  • #Listings 3 – down -57.14% (2015 – 7)
  • # Sales 2 – down -66.66% (2015 – 6)
  • 12 Month Average Price $351,115 up 13.1% (2015 – $310,564)
  • Monthly Sales to Listing Ratio 67%

The Blue Mountains

  • #Listings 6 – down -64.70% (2015 – 17)
  • # Sales 9 – up 50% (2015 – 6)
  • 12 Month Average Price $666,609 up 7.5% (2015 – $620,085)
  • Monthly Sales to Listing Ratio 150%

Wasaga Beach

  • #Listings 14 – down -48.12% (2015 – 27)
  • # Sales 21 – down -34.38% (2015 – 32)
  • 12 Month Average Price $355,595 up 13.9% (2015 – $312,207)
  • Monthly Sales to Listing Ratio 150%
Number of Units Sold by Price 2016 2015
Month Month
Under $200,000 27 32
200,000 – $299,00 32 31
300,000 – $399,000 28 31
$400,00 – $499,000 14 15
$500,000 – $599,999 6 5
$600,000 – $699,000 6 6
$700,000 – $799,999  2  1
$800,000 – $899,999  3  0
 $900,000 – 999,999  0  0
1,000,000 – 1,999,999 8 4
2,000,000 – 2,999,999 0 2
3,000,000+ 0 0