Collingwood Homes & Real Estate Stats Jan 2019

Real Estate Market Report – Southern Georgian Bay – March 2019


Summary

With the ongoing shortage of inventory and continued growth across the Western Region resulting from many Buyers leaving the Greater Golden Horseshoe (GGH) to find more affordable housing choices, its not surprising that the average sale price for the Region rose 11% from March 2018. As prices for Collingwood real estate and The Blue Mountains real estate continue to rise, some Buyers were forced to look further afield for affordable housing, resulting in a rise in average sale price in the surrounding towns year over year. New listings were up slightly, marking a 3.5% increase over last year with 295 residential properties coming to market in March 2019 vs 285 last March. Active listings were up 16.3% year over year with 579 properties available in March 2019 vs 498 in March 2018. Likely due in part to more aggressively priced homes creating unaffordability for many buyers, sales were down 9.3% year over year with 146 salesreported in March 2019 compared to 161 last March. Market conditions in the Western Region remain stable however affordability for many will be the ongoing concern.


COLLINGWOOD REAL ESTATE

45 REAL ESTATE SALES

AVERAGE PRICE – MAR 2019: $521,109
UP $5.3% from 12 months ago,  March 2018

AVERAGE PRICE YEAR TO DATE: $516,953
UP $17.7% from 12 months ago,  March 2018

 

 


BLUE MOUNTAINS REAL ESTATE

23 REAL ESTATE SALES

AVERAGE PRICE: $816,691
UP 25.3% from March 2018

AVERAGE PRICE YEAR TO DATE: $729,760
UP $15.7% from 12 months ago,  March 2018

 


CLEARVIEW REAL ESTATE

14 REAL ESTATE SALES

AVERAGE PRICE: $732,786
UP 40.5% from 12 months ago, March 2018

AVERAGE PRICE YEAR TO DATE: $650,342
UP $23% from 12 months ago,  March 2018

 

 


MEAFORD REAL ESTATE

14 REAL ESTATE SALES

AVERAGE PRICE: $433,671
UP 11.5% from  March 2018

AVERAGE PRICE YEAR TO DATE: $429,897
UP $18.7% from 12 months ago,  March 2018

 


WASAGA BEACH REAL ESTATE

41 REAL ESTATE SALES

AVERAGE PRICE: $440,463
UP 6% from March 2018

AVERAGE PRICE YEAR TO DATE: $440,980
UP $8.2% from 12 months ago,  March 2018