Real Estate Market Report – Southern Georgian Bay – April 2020


South Georgian Bay Real estate Report - April 2020

Summary

SGBAR WESTERN REGION APRIL 2020 MARKET REPORT

By the end of April 2020 the COVID-19 global health pandemic had certainly taken its toll. Many businesses were forced to shut down which led to mass lay offs across the country and around the world. The Western Region of Southern Georgian Bay felt the same repercussions as many global real estate markets. Real estate work was deemed an essential service in Ontario, but not “business as usual”. Strict protocols restricting activity were implemented, open houses were cancelled, lenders became more cau- tious and the fear of contracting the virus discouraged many from listing and buying homes.

So, it is not surprising that new listings plunged 54.5 % over last year, with 161 new listings reported at the end of April 2020 vs 354 in April 2019. Active listings were down 16.9 % over last April with 565 properties available vs 680 in April 2019. With less competition among buyers and also fewer properties for sale, sales activity de- clined 64.9 % with 66 sales reported in April vs 188 sales for the same period last year. Yet, despite the steep drop in activity, the average sale price for a residential home in April 2020 was a healthy $510,367, down only 5.8 % over last year. With the province currently holding to state of emergency protocols, but starting to reopen the econo- my slowly and cautiously, we will have to see what the future holds.

In the meantime, real estate professionals have adapted well, using innovative and creative technology platforms to allow homeowners to showcase their homes virtually. Everyone has ad- justed to our new normal! Hopefully, pent up demand fueled by urban dwellers look- ing to relocate where they can enjoy more open air and private space along with low interest rates should eventually result in a return of homebuyers to the market.

 


Blue Mountain Real Estate
Market Report – April 2020

Blue Mountains Real Estate Report - April 2020

 

Blue Mountains Real Estate - April 2020Blue Mountains Real Estate - Grid 3 April 2020

Blue Mountain Real Estate Summary:

Year over year, average sale price for 2020 was down 17.5% from April 2019. Unit sales were down a whopping 82.9%.

Year to date vs 2019, average sales price was up .7%, unit sales were down 17%

Inventory remains tight at 4.1 months of inventory year over year and 4.8 year to date.


 

Collingwood Real Estate
Market Report – April 2020

 

Collingwood Real Estate Report - April 2020

Collingwood Real Estate Report - Stats1Collingwood Real Estate Stats - April 2020 - Grid 2

Collingwood Real Estate Summary:

Year over year, average sale price for 2020 was down 14.2% from April 2019. Unit sales were down 72%.

Year to date vs 2019, average sales price was up 11.3%, unit sales are down 26.8%

Inventory remains tight at 6.2 months of inventory year over year and 3.8 year to date.

 


 

Clearview Real Estate
Market Report – April 2020

 

Creemore Real estate - Rob McAleer & Cheryl MacLaurin

Creemore Real Estate Market ReportCreemore Real Estate Stats - Grid 2Creemore Real Estate Stats - April 2020 - Rob McAleer & Cheryl MacLaurin

Clearview Real Estate Summary:

Year over year, average sale price for 2020 was up 53% from April 2019. This would be due to much fewer properties being sold and a couple higher end sales in April skewing the numbers. Unit sales were down 73.7%.

Year to date vs 2019, average sales price was up 18.7%, unit sales down 30.0%

Inventory has increased over 2019 at 3.7 months of inventory year over year and 5.1 year to date signifying a more balanced market

 


 

Meaford Real Estate
Market Report – April 2020

 

Meaford Real estate

Meaford Real Estate

Meaford Real Estate Summary:

Year over year, average sale price for 2020 was up 26.1% from March 2019. Unit sales were down 85.7%.

Year to date vs 2019, average sales price was up 7.4%, unit sales down 18.2%

Inventory has decreased over 2019 at 30.0 months of inventory year over year and 4.9 months year to date.


We expected April to be quite bloody and it was as Covid-19 drastically impacted sellers’ and buyers’ ability to view and purchase real estate in Southern Georgian Bay.