CENTURY 21 Millennium Inc., Brokerage*
- 1 Bruce Street North PO Box 95
Thornbury, ON N0H 2P0
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Let me know how we can work together and make sure you look at the area activities as there is a lot of entertainment in the area!
Market Trends and News Fourth Quarter 2017
NB: As the Southern Georgian Bay Real Estate Board has changed it's software, the reporting paradigm has changed as the data base produces different reporting formats that have been used for the first three quarters of 2017. Therefore this report is based on and is limited to the following criteria: 1) Geographic area: Clearview, Collingwood, The Blue Mountains, Grey Highlands and Meaford; 2) property type: Condo and Single Family Residential.
We close 2017 with divergent statistics:
1) Single Family Residential sales are -16% YTD and Condo sales -8% YTD;
2) Single Family Residential dollar volume is +4% YTD and Condo dollar volume is +24% YTD;
3) Single Family Residential # of Listings is -8% YTD and Condo # of listings is +3%;
4) Single Family Residential Average Sale is +22% YTD and Condo Average Sale is +8%;
5) Single Family Residential Average Days on Market is 82 YTD and Condo Average Days on Market is 43;
Summary: 4th Quarter Statistics indicate that (although listings and sales are down) the seller's market trend continues for Single Family Residential properties as the dollar volume is up 4% with the average sale up and incredible 22% and the sales to listing ratio at 85%! Although condo sales are down 8% look at the dollar volume of +24%! So more condos have sold in 2017 at an average increase in sale price of 8%, however the sales to listing ratio of 8% indicates that it is a buyers market for condos!
The Southern Georgian Bay market still, when compared to provincial stats, continues to be an excellent market for buyers: National Average Sale is $496,532 with Ontario Average Sale of $559,102 while Southern Georgian Bay average Sale is $550,000 for Single Family Residential (access this data in the link provided below under Market Links).
It will be very interesting to see where present trends take us....will have a better understanding of the trends when I compare January 2018 numbers base on the criteria I have used for this report.
As for the National picture: 1) homes sales (number of sold) rose 4.5% in December ending 2017 with a 4% increase in sales YTD; 2) National Price index was +5.7% YTD. Access the links below for further details.
Be sure to access the links below for excellent relevant articles, and the Monthly Stats tab at the top of the page for further details, as well as the area activities tab at the top of the page for entertainment coming to the area.
Canadian's Debt to Household Ratio: https://www.canadianrealestatemagazine.ca/news/canada-debttohouseholdincome-ratio-grows-to-171--statscan-235703.aspx
Canadians Worlds Biggest Borrowers: https://www.canadianrealestatemagazine.ca/market-update/inflated-house-prices-make-canadians-worlds-biggest-borrowers-234539.aspx
CREA Report: http://creastats.crea.ca/natl/
CREA monthly stats: http://www.crea.ca/housing-market-stats/stats/
Article on Canadian Household Debt: http://www.canadianrealestatemagazine.ca/market-update/governments-hypocritical-over-household-debt-says-fraser-institute-228380.aspx
Article on Canadians Buying Homes in USA: http://www.canadianrealestatemagazine.ca/market-update/canadians-taking-advantage-of-affordable-us-homes-228456.aspx
CREA Quarterly Stats link: http://www.crea.ca/housing-market-stats/national-average-price-map/
CREA National Forecast Update: http://www.crea.ca/news/crea-updates-resale-housing-market-forecast/
Article Re "The Coming Crash": http://www.canadianrealestatemagazine.ca/news/analyst-canada-poised-for-biggest-housing-crash-in-history-189381.aspx
CREA Monthly Stats Highlights: http://www.crea.ca/housing-market-stats/stats/
CREA Quarterly Forecast: http://www.crea.ca/housing-market-stats/quarterly-forecasts/
National Stats Link: http://www.crea.ca/housing-market-stats/national-average-price-map/
Top Ten Features Buyers Want: http://nprealtor.np4realty.com/blog/details/58253/Top--Features-Home-Buyers-Want
Next Real Estate Hotspot for Investors???: http://www.canadianrealestatemagazine.ca/news/the-next-hottest-spot-for-investors-220281.aspx
www.bluemountain.ca (Blue Mountain Resorts)
www.meaford.ca/meaford-hall.html (Meaford Hall)
- Residential, Recreational and Estate properties in the geographic areas of: Collingwood, The Town of the Blue Mountains (Thornbury etc), Grey Highlands (Beaver Valley etc), Meaford, and vicinities
CENTURY 21® Awards* CENTURY 21 Awards Criteria
- 2014 - Masters Silver
- 2010 - Masters Silver
- 2008 - Masters Silver
- 2007 - Masters Silver
- 2006 - Masters Ruby
- 2004 - Masters Silver
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