Southern Georgian Bay June 2017 & Second Quarter Real Estate Market Summary | Collingwood Real Estate | Blue Mountains

Southern Georgian Bay home sales return to more normal levels in June

This report covers the Western Region of the Southern Georgian Bay Association of Realtors, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, Municipality of Meaford and part of Grey Highlands

Following the hectic pace of the January to May, sales activity fell to more normal levels in June. While the number of residential unit sales recorded through the MLS® System of the Southern Georgian Bay Association of REALTORS® came in below record year-ago levels in June 2017, the sales dollar volume was up 3%, setting a new all time high record for June.

June 2017

  • Number of new listings  down -13% from the same time period in 2016
  • Home unit sales  fell -18% on a year-over-year basis to 254 units in June 2017.
  • Dollar volume sales of $115,024,022 set a new June record, up 3% from last year’s record setting volume.  

Western Region
Second Quarter 2017

  • Number of new listings remained low, down 12% from the same time period in 2016
  • Home unit sales were up 1% at 1392 units
  • Dollar volume sales of $634,186,043, is up 27% over Q2016, a new all time record due to the overheated January to May market
  • Average sale price Q2 $455,593 is up 26% from 2016

2017’s 2nd Quarter record sales, average sale price increase and high 69% sales/listings ratio show the demand for listings exceeds supply.

Collingwood
Second Quarter 2017
 (Download pdf)

Overview: Record Quarterly And Year-To-Date Sales, Big Average Price Gain

  • All-time record quarterly volume of $109,811,406, up 24% from the prior mark set in Q2-2016. Unit sales of 226 are down 7% from a year ago, with 2% more new listings this Q2.
  • Record YTD volume of $164,611,863 is up 26% from 2016’s record, while unit sales of 349 are down 4% from this time last year. The average sales price of $471,667 is up ahuge 31% from one year ago, with the average days on market of 27 down 16 days.
  • The intense multiple offer sales activity seen from February-May has slowed greatly.
  • Number of new listings YTD is 471, up 1% from the same time period in 2016
  • Unit sales were down -4% at 349 units
  • Dollar volume sales of $164,611,863 is up 26% over 2016.
  • Average Sale Price All Real Estate $471,667 up 31% from 2106.
Although unit sales are down slightly and listings up slightly from 2016’s totals, 2017’s record dollar sales, high sales/listings ratio, shorter sale times and huge average price jump all indicate that the demand for listings still greatly exceeds the supply. 
 
Single-Family Homes:
  • 2017 volume of $101,703,537 is up 16% from 2016, units of 188 are down 8%. Average sale price of $540,976 is up 26%, while average days-on-market of 29 is down 7 days.

Condominiums:

  • 2017 volume of $60,800,695 is up 44% from 2016, units of 156 are down .6%. Average sale price of $389,748 is up 45%, while average days-on-market of 24 is down 26 days.

Vacant Land

  • 2017 volume of $2,831,992 is down 10% from 2016, units of 7 are down 22%. Average sale price of $404,570 is up 16%, while average days-on-market of 130 is up 62 days. 

The Blue Mountains
Second Quarter 2017 (Download pdf)

Overview: Record Quarterly And Year-To-Date Sales, Big Average Price Gain

  • All-time record quarterly volume of $74,165,865, up 21% from Q4-2016’s prior mark and up 44% from Q2-2016. Units of 120 are up 3% from a year ago on 13% fewer new listings.
  • Record YTD volume of $134,167,319 and units of 219 are up 45% and 16% respectively from 2016’s records. The average sales price of $612,636 is up 25% from one year ago, while the average days-on-market of 69 is down nearly 1 month.
  • The intense multiple offer sales activity seen from February-May has slowed greatly.

2017’s record dollar and unit sales, big average price jump, shorter sale times and fewer listings all indicate that demand for listings greatly exceeds the supply. As we’ve noted for over a year, agents say that sales would be even higher if there were more listings.

  • Number of new listings YTD is 320, down 8% from the same time period in 2016
  • Unit sales were up 16% at 219 units
  • Dollar volume sales of 134,167,319 is up 45% over 2016.
  • Average Sale Price All Real Estate $612,636 up 25% from 2106.
  • Average Sale Price Single Family Homes $822,040 is up 27%

Single-Family Homes:

  • 2017 volume of $106,789,723 is up 66% from 2016, units of 129 are up 30%. Average sale price of $822,040 is up 27% while average days-on-market of 70 is down 7 days.

Condominiums:

  • 2017 volume of $26,188,696 and units of 86 are both down 1% from 2016. Average sale price of $304,520 is up .1% while average days-on-market of 71 is down 37 days.

Vacant Land:

  • 2017 volume of $24,417,053 is up 240% from 2016, units of 89 are up 170%. Average sale price of $274,349 is up 26% while average days-on-market of 324 is down 60 days.

Clearview
Second Quarter 2017 (Download pdf)

Overview: Record Year-To-Date Volume, Fewer Listings, Big Average Price Gain

  • Quarterly volume of $35,908,000, second-best ever, down 4% from Q2-2016’s record. Units of 62, third-best ever, were down 19% from a year ago on 10% fewer new listings.
  • Record YTD volume of $63,468,000 is up 5% from 2016’s prior high, with units of 110 down 14% from last year, but with 24% fewer new listings on the market this year.
  • The average sale price of $576,982 is up 23% from one year ago, with the average dayson-market of 51 down nearly 3 weeks.
  • Number of new listings YTD is 146, down 24% from the same time period in 2016
  • Unit sales were down -14% at 110 units
  • Dollar volume sales of 134,167,319 is up 45% over 2016.
  • Average Sale Price All Real Estate $576,982 up 23% from 2106.
  • Average Sale Price Single Family Homes $587,698 is up 22%

2017’s record dollar sales, shorter sale times, fewer listings and big average price jump all indicate that demand for listings exceeds the supply. As we have repeatedly noted, agents say that sales would be higher if there were more listings.

Single-Family Homes:

  • 2017 volume of $62,296,000 is up 6% from 2016, with units of 106 down 13%. Average sale price of $587,698 is up 22%, while average days-on-market of 52 is down 19 days.

Condominiums:

  • 2017 volume of $872,000 is up 306% from 2016, while units of 3 are up 200%. Average sale price of $290,677 is up 35%, while average days-on-market of 16 is down 74 days.

Vacant Land:

  • 2017 volume of $3,197,477 is up 73% from 2016, while units of 17 are up 55%. Average sale price of $187,675 is up 12%, while average days-on-market of 110 is up 25 days. 


Wasaga Beach
Second Quarter 2017 (Download pdf)

Overview: Record Q2 And Year-To-Date Dollar Sales, Big Average Price Gain

  • All-time record quarterly volume of $98,240,094, up 4% from Q2-2016’s prior high. Units of 234, while down 20% from Q2-2016’s record, are still the third-best quarter ever.
  • Record YTD volume of $152,503,934 is up 8% from 2016’s record, while units of 376 are down 15% from last year. However, there have also been 15% fewer listings this year, so both years have a high 71% sales/listings ratio. The average sales price of $405,596 is up 26% from 2016, with 2017’s average days-on-market of 22 also down nearly 1 month.
  • 2017’s record dollar sales, second-best ever unit sales, big average price jump, shorter sale times and fewer listings all indicate that demand for listings still exceeds the supply.As repeatedly noted, agents say that sales would be higher if there were more listings.
  • Number of new listings YTD is 528, down -15% from the same time period in 2016
  • Unit sales were down -15% at 376 units
  • Dollar volume sales of $152,503,934 is up 8% over 2016.
  • Average Sale Price All Real Estate $405,596 up 26% from 2106.
  • Average Sale Price Single Family Homes $433,344 is up 28%

Single-Family Homes:

  • 2017 volume of $138,699,922 is up 6% from 2016, units of 320 are down 17%. Average sale price of $433,344 is up 28% while average days-on-market of 21 is down 28 days.

Condominiums.

  • 2017 volume of $8,156,012 is up 39% from 2016, units of 25 are up 9%. Average sale price of $326,240 is up 28% while average days-on-market of 35 is down 22 days.

Vacant Land:

  • 2017 volume of $4,082,977 is up 87% from 2016, units of 27 are up 29%. Average sale price of $151,221 is up 45% while average days-on-market of 58 is down 15 days. 

 

Meaford
Second Quarter 2017

All Meaford Real Estate (Download pdf)

Overview: Record Q2 And Year-To-Date Sales, Big Average Price Increase

  • All-time record quarterly volume of $33,357,200, up 5% from Q3-2016’s record and up 34% from Q2-2016. Units of 81, up 4% from Q2-2016, are the second-best quarter ever.
  • Record YTD volume of $45,156,700 and units of 125 are up 25% and 11% respectively from 2015’s previous high marks. However, 2017’s new listing count is down 19% from 2015, giving this year a high 63% sales/listings ratio, and with only 7 expired listings.
  • The average sale price of $393,253 is up a big 26% from one year ago, while the average days-on-market of 49 is down 3+ weeks.
  • 2017’s record dollar and unit sales, big average price jump, shorter sale times and fewer listings all indicate that demand for listings still greatly exceeds the supply. As we have repeatedly noted, agents say that sales would be even higher if there were more listings.
  • Number of new listings YTD is 199, down -6% from the same time period in 2016
  • Unit sales were up 15% at 125 units
  • Average Sale Price Single Family Homes $402,579 is up 23%

Single-Family Homes:

  • 2017 volume of $44,283,700 is up 41% from 2016, units of 110 are up 15%. Average sale price of $402,579 is up 23%, while average days-on-market of 52 is down 22 days.

Condominiums:

  • 2017 volume of $1,714,500 is down 6% from 2016, units of 7 are down 22%. Average sale price of $244,929 is up 20%, while average days-on-market of 41 is down 8 days.

Vacant Land:

  • 2017 volume of $6,113,722 is up 85% from 2016, while units of 56 are up 70%. Average sale price of $109,174 is up 9%, while average days-on-market of 56 is down 84 days.