CENTURY 21 Millennium Inc., Brokerage*
- 1 Bruce Street North PO Box 95
Thornbury, ON N0H 2P0
Congratulations! You are now connected to a real estate organization that has over 7000 offices in 73 countries and 8500 websites in Canada!
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!
Let me put this to work for you?
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: First Quarter 2017
Sales to Listing Ratio @ 76%!!! Yikes! 30 Sales in excess of $1M! 5 Sales in excess of $2M! and 1 Sale in excess of $3M! More than 250 vacant lots sold!
1st Quarter Statistics indicate that the seller's market trend continues to be BOOMING, BOOMING, BOOMING, with no end in sight at this time! Demand is outpacing supply with YTD sales at +17% while listings are at -22% YTD!!!!
Competitive offers are now an everyday occurrence !
Significant stats: 1) Dollar volume YTD +37%; 2)Days on Market is 85; 3) Sales YTD +17%.
The Southern Georgian Bay market still, when compared to national stats, continues to be an excellent market for buyers: National Average Sale is $548,517 (+8.2%), with Ontario Average Sale of $672,584 (+29.5%), while Southern Georgian Bay average Sale is $475,915 (+31%) (access this data in the link provided below under Market Links).
IS THE "CRASH COMING"?.....read the article in the "links" section below!
Note as well that the rate of increase over last year in Southern Georgian Bay is significant when compared to the National and Ontario pictures.....prices are increasing at a greater rate as demand is greater than supply and will remain that way until either sellers want to cash in on the sellers market dynamics and sell (increasing supply) OR developers start developing......and vacant lots are being gobbled up very quickly....in excess of 250 in the last year !
Sooooooo.....if you are a seller looking to downsize NOW is the time to consider it!
GREAT NUMBERS AREN'T THEY! HOWEVER THE FOLLOWING IS SOBERING INDEED! (Article By Steve Randall from Canadian Real Estate Wealth: paraphrased)
"Canada’s households borrowed $28.4 billion in the last three months of 2016, more than $9 billion more than in the third quarter.
The ratio of household debt to disposable income was 167 per cent - $1.67 of debt for every dollar of spare cash – while the rate of disposable income gains (1.1 per cent) was outpaced by the growth of the consumer credit market (1.2 per cent).
While 46 per cent of consumers are decreasing their debt, the 37 per cent that are increasing their borrowing are taking on larger debts. Mortgages aside, increases in the auto loans and instalment loans sectors are almost 8 per cent.
Equifax figures show that seniors’ debt has increased the most (6.1 per cent year-over-year) while those in the 36-45 age group have the lowest increase (1.8 per cent) along with younger millennials (1.9 per cent). Older millennials increased their debt by 2.7 per cent.
Overall, average debt in the fourth quarter of 2016 was up 3.1 per cent year-over-year Equifax says, to $22,113 nationwide."
Be sure to review the market statistics (tab at top of website) to give you an indication of market activity.
Also there are some great links provided below to provide further insight into the market, and be sure to read about "The Coming Crash"!!!
Be sure to check into the "Area Activities" link at the top of my website home page.....some great acts coming to the area and Jazzmania and Elvis return
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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