Summary
The average real estate sale price for the Western Region of Southern Georgian Bay was $508,899, up 9.3% from February 2018. With inventory across the region remaining at near historic lows, combined with the ongoing population growth in the area, prices have continued to increase over the past 10 years. New listings were down 5.1%, with 188 residential properties coming to market in February 2019 vs 198 last February. Active listings were up 16.2% year over year with 496 properties available in February 2019 vs 427 in February 2018. Real Estate Sales showed a significant increase of 29.1%, with 111 sales reported in February 2019 compared to 86 last February.
February Real Estate Sales 2019 reported 4.5 Months of Inventory (MOI) down from 5.0 months for February 2018. An MOI under 5 months is considered a Seller’s market, meaning less supply available, creating tighter market conditions. With the snow and ice melting away and Spring right around the corner, more Sellers will likely be ready to bring their homes to market o ering patient Buyers more choices.
COLLINGWOOD REAL ESTATE
37 REAL ESTATE SALES
AVERAGE PRICE – FEB 2019: $533,569
UP $36.9% from 12 months ago, February 2018
AVERAGE PRICE YEAR TO DATE: $513,553
UP $27.1% from 12 months ago, February 2018
BLUE MOUNTAINS REAL ESTATE
26 REAL ESTATE SALES
AVERAGE PRICE – FEB 2019: $556,742
Down 8.2% from 12 months ago, February 2018
AVERAGE PRICE YEAR TO DATE: $692,724
UP 12.3% from 12 months ago, February 2018 YTD
CLEARVIEW REAL ESTATE
8 REAL ESTATE SALES
AVERAGE PRICE – FEB 2019: $483,763
Down 15.8% from 12 months ago, February 2018
AVERAGE PRICE YEAR TO DATE: $582,447
UP 8.6% from 12 months ago, February 2018 YTD
MEAFORD REAL ESTATE
12 REAL ESTATE SALES
AVERAGE PRICE – FEB 2019: $470,708
Up 20.6% from 12 months ago, February 2018
AVERAGE PRICE YEAR TO DATE: $426,594
UP 23.6% from 12 months ago, February 2018 YTD
WASAGA BEACH REAL ESTATE
21 REAL ESTATE SALES
AVERAGE PRICE – FEB 2019: $446,895
Up 11.6% from 12 months ago, February 2018
AVERAGE PRICE YEAR TO DATE: $441,483
UP 11.0% from 12 months ago, February 2018 YTD
With interest rates unlikely to climb significantly in 2019, affordable housing options and strong demand for the vibrant lifestyle offered in the area, the Western Region is poised to perform well throughout the coming year.
