South Georgian Bay - Real estate Report - March 2020

Real Estate Market Report – Southern Georgian Bay – March 2020


Collingwood Real estate report - March 2020.

Summary

SGBAR WESTERN REGION MARCH 2020 MARKET REPORT

In spite of the impact of COVID-19 around the world, March 2020 numbers stood up incredibly well in the Western Region of Southern Georgian Bay when comparing activity year over year. The first half of the month is most likely responsible for the strong performance. New listings were up marginally, 1.7 % over last year, with 301 new listings reported at the end of March 2020 vs 296 in March 2019. Active listings were down 3.2 % over last March, with 574 properties available vs 593 in March 2019. With ongoing demand helping to drive prices up, the average sale price for a residen- tial home in March 2020 remained close to record highs, coming in at a remarkable $588,997, up 7.0 % over last year. With contributing factors such as the ongoing hous- ing shortage across the country and low interest rates stimulating Buyers to act, even in a somewhat confusing market, sales activity rose a 3.4 % with 151 sales reported in March vs 146 sales for the same period last year. We will likely see activity slow down in April as the extent of this pandemic takes its toll. Affordability has been an ongoing challenge, so we will have to wait and see if prices are impacted by COVID-19 in the months ahead. On the other hand, a pent up demand for housing may cause a quick rebound. In any event, it’s possible that any turmoil will be temporary as people con- tinue to be drawn to the Western Region of Southern Georgian Bay due to the ability for many to work from home, the quality of life and active lifestyle available.

 


Blue Mountain Real Estate
Market Report – March 2020

Blue Mountains Real Estate - March 2020

Blue Mountain Real Estate Summary:

Year over year, average sale price for 2020 was down 13.9% from March 2019. Unit sales were up 30%.

Year to date vs 2019, average sales price was up 1.6%, unit sales up 13%

Inventory remains tight at 5.2 months of inventory year over year and 5.5 year to date helping to keep prices increasing.


 

Collingwood Real Estate
Market Report – March 2020

 

Collingwood Real Estate Market Report March 2020Collingwood Real EstateCollingwood Real Estate Market Report - March 2020Collingwood Real Estate Market Report - March 2020

Collingwood Real Estate Summary:

Year over year, average sale price for 2020 was up 26.7% from March 2019. Unit sales were down 42%.

Year to date vs 2019, average sales price was up 15%, unit sales up 2%

Inventory remains tight at 4.6 months of inventory year over year and 3.3 year to date helping to keep prices increasing.

 


 

Clearview Real Estate
Market Report – March 2020

 

Creemore Real Estate - Cheryl MacLaurin and Rob McAleer

Creemore Real Estate Market Report - March 2020 GridCreemore Real Estate Market Report - March 2020 GraphCreemore Real Estate Market Report - March 2020 Avg Price

 

Clearview Real Estate Summary:

Year over year, average sale price for 2020 was down 16.9% from March 2019. Unit sales were down 7.1%.

Year to date vs 2019, average sales price was up 8.0%, unit sales down 3.2%

Inventory has increased over 2019 at 5.2 months of inventory year over year and 5.9 year to date signifying a more balanced market

 


 

Meaford Real Estate
Market Report – March 2020

 

Keith Hull - Meaford Real EstateMeaford Real Estate Report - March 2020 - GridMeaford Real Estate Report - March 2020 - Graph

Meaford Real Estate Report - March 2020 - Avg

Meaford Real Estate Summary:

Year over year, average sale price for 2020 was up 26.1% from March 2019. Unit sales were down 35.7%.

Year to date vs 2019, average sales price was up 22.8%, unit sales up 13.3%

Inventory has decreased over 2019 at 2.4 months of inventory year over year and 3.4 months year to date making it challenging to satisfy demand and maintaining upward pressure on pricing.


Overall, for the most part March held up pretty well given that the last couple weeks were abnormal as Covid – 19 restrictions began to go into effect. It will be in
interesting to see how April’s number come in.