Collingwood Homes For Sale Report April 2019

Real Estate Market Report – Southern Georgian Bay – April 2019


Summary

SGBAR WESTERN REGION APRIL 2019 MARKET REPORT

Even with a robust 39.2% increase in new listings across the Western Region year over year,  the number of new listings coming on to the market remained at near historic lows.  This is further confirmation of the competitive market Buyers have experienced over the past few years, as demand for Collingwood real estate and Blue Mountains real estate continued to outpace new listing supply and drive prices up in many areas. The average sale price for a residential property across the Western Region climbed to $541,720, up 19.3% from April 2018.  However, with limited inventory and affordability issues for some Buyers, it is not surprising that sales were down  slightly, 3.1% year over year.

Active listings remained at near historic lows.  However, likely due in part to some overpriced listings languishing on the market  along with many cautious and selective Buyers waiting on the sidelines, fearful of overpaying and/or meeting stress test requirements when qualifying for a mortgage, active listings were up 36.5% over last April, with 666 properties available in April vs 488 in April 2018.  Months of Inventory was 4.7  at the end of April 2019, up from 3.6  recorded a year ago but still well below historic averages.

Affordability remains the ongoing concern, although with interest rates reported to remain steady and spring weather on the way, potential Sellers may feel more confident listing their homes for sale, enticing more Buyers to jump into the market this spring.


COLLINGWOOD REAL ESTATE

65 REAL ESTATE SALES

AVERAGE PRICE – APR 2019 – $503,447

UP $8.9% from 12 months ago April 2018

AVERAGE PRICE YEAR TO DATE:  $511,633

UP $14.1% from 12 months ago, April 2018

 

 

 

 


BLUE MOUNTAINS REAL ESTATE

34 REAL ESTATE SALES

AVERAGE PRICE:  $$746,604

UP $49.9% from April 2018

AVERAGE PRICE YEAR TO DATE:  $734,919

UP $23.5% from 12 months ago, April 2018

 

 


CLEARVIEW REAL ESTATE

19 REAL ESTATE SALES

AVERAGE PRICE:  $530,630

UP $3.8% from 12 months ago April 2018

AVERAGE PRICE YEAR TO DATE:  $604,852

UP $15.3% from 12 months ago, April 2018

Creemore Real Estate - April Market Report infographic 1Creemore Real Estate - April Market Report infographic 2Creemore Real Estate - April Market Report infographic 3

 

 

 


MEAFORD REAL ESTATE

14 REAL ESTATE SALES

AVERAGE PRICE:  $592,500

UP $38.3% from April 2018

AVERAGE PRICE YEAR TO DATE:  $$481,634

UP $22.6% from 12 months ago, April 2018

Meaford Homes for Sale ReportMeaford Homes For Sale ReportMeaford Homes Report April

 


WASAGA BEACH REAL ESTATE

44 REAL ESTATE SALES

AVERAGE PRICE:  $$463,457

UP $7.4% from April 2018

AVERAGE PRICE YEAR TO DATE:  $448,732

UP $7.6% from 12 months ago, April 2018

 

Wasaga Beach Homes For Sale April ReportWasaga Beach Homes For Sale Report April 2Wasaga Beach Homes For Sale