The Georgian Triangle real estate market just keeps climbing as sales records continue to be surpassed. In addition to being the biggest volume sales month ever, April was also the region’s 37th consecutive record month. The regional market currently shows no signs of slowing, unless the listings shortage becomes so pronounced that the market is brought to a stasis.
The question remains: How long can this unprecedented combination of fewer listings and greater demand, record-shattering sales, rising prices and multiple offers continue?
If you’ve considered selling your home, your chances of getting a great price in a timely manner are excellent.
Georgian Triangle Real Estate Market Overview
April Sets All-Time Dollar Sales And Average Price Records!
If you’re thinking of selling your home or property in the Georgian Triangle, contact us today! We have buyers waiting for new Georgian Triangle Real Estate listings.
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Due to a big demand for listings and a lot of multiple and overprice offer situations, and a resulting huge increase in the average sales price, April set a new monthly record for volume sales.
Sales of $131,396,861 were up 10% from last August’s prior monthly record of $119,605,759, and were also up 32% from last April’s $99,509,289. Unit sales of 270 were down 5% from last April’s 285. However, that drop was due to a shortage of listings, not to a lack of demand for them, as shown by the fact that April’s expired listings count was down 53% from last April.
As for the year-to-date sales, 2017’s record volume of $376,726,117 and units of 829 are up 37% and 10% respectively from the first four months of 2016, all on 18% fewer new listings. As well, with so many multiple or overprice offer situations, the average sale price of $454,434 is up a big 25% from the $362,676 of one year ago.
2017’s record sales, big average sale price increase and high 73% sales/listings ratio indicate that the demand for listings GREATLY exceeds the supply. As we have repeatedly noted, agents say that sales would be much higher still if there were more homes on the market.
When you choose to list your house with the Blue Mountain Property team, we’ll find the best solution for your real estate needs. Contact Matthew Lidbetter to guide you through your real estate transaction.
“Matthew helped us purchase a property on Saturday, with professional negotiations and timely deadlines – we avoided a multiple offer situation” – David and Indra.
About the Georgian Triangle Real Estate Region
The Georgian Triangle is a geographic region in Southern Ontario containing the counties of Bruce, Grey and Simcoe which surround southern Georgian Bay, mostly Nottawasaga Bay, in particular. The main urban centres within the Georgian Triangle include Owen Sound, Collingwood and Barrie. The Blue Mountains sits at the heart of the Georgian Triangle and is home to Ontario’s only year-round mountain resort and spa – Blue Mountain Resort. The Blue Mountains is a community where you can enjoy world-class skiing, golf, spas, dining & more.
In Other News…
The Blue Mountain Property Team is very happy to announce that it has joined the Sotheby’s network of fine real estate brokerages. We look forward to many years of service to you under our new banner.