CENTURY 21 Millennium Inc., Brokerage*
- 1 Bruce Street North PO Box 95
Thornbury, ON N0H 2P0
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As 90% of consumers use the internet for their real estate transactions, either buying or selling, the 1,400,000 hits a month on our integrated network allows buyers and sellers respectively, an excellent search engine and great exposure of properties!
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For starters, here is a great tool that will help you check out neighbourhoods that you may wish to live in: //www.century21.ca/CA
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 Third Quarter 2017
MARKET SLOWING, HOWEVER STILL A SELLER'S MARKET WHILE AVERAGE SALE EXCEEDS NATIONAL AVERAGE!!!
It continues to be a SELLER's market with Sales to Listing Ratio @ 68%! 118 Sales greater than $1M!
The really interesting stat to watch right now though is the days on market (DOM) which has moved from 28 to 44! So properties are staying on the market longer......not sure if that is because of a resistance of buyers to jump in but rather being more deliberate in their purchase OR if there is a perception that pricing is not in line with value!? For sure it is a shift in demand so we will need to keep our eye on it!
Interesting as well to note that the average sale is +27%
3rd Quarter Statistics indicate that the seller's market trend continues even though numbers compared to last quarter indicate some softening in the market! YTD sales are at -10% with YTD listings at -12%.
The Southern Georgian Bay market still, when compared to provincial stats, continues to be an excellent market for buyers: National Average Sale is $472,247, with Ontario Average Sale of $518,613, while Southern Georgian Bay average Sale is $475,333 (access this data in the link provided below under Market Links).
Significant Stats: 1) Dollar Volume YTD +95; 2) Days on Market increases to 44; 3) Average Sale is +27%; 4) Southern Georgian Bay market average sale exceeds national average.
It will be very interesting to see where present trends take us....maybe the seller's market has run it's course.....will report October stats instead of waiting until the end of the fourth quarter.
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.
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
160' Double Waterfront Lot
Charming Bungalow on Ravine Lot
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