december 2010
DESCRIPTION
Monthly real estate market statistics brought to life with colourful graphs that breathe life into cold hard data. Serving the communities of Wasaga Beach, Collingwood, Blue Mountain and Tiny BeachesTRANSCRIPT
HomeHuntthewith Bruce Johnson
MARKETREPORT
Bruc
e Jo
hnso
n
DECEMBER 2010
Wasaga Beach•Collingwood•Blue Mountain•Tiny Beaches
YEAR END SPECIAL
0 10 20 30 40
20
28
15
2
20
20
34
23
6
40
Clearview
Collingwood
Blue Mtn
Tiny Beaches
Wasaga Beach
2010 2009
0 5 10 15 20
4
9
10
2
19
9
16
12
15
Clearview
Collingwood
Blue Mtn
Tiny Beaches
Wasaga Beach
2010 2009
The average sale price for residential listings in the Georgian Triangle for last month was $342,273, up from $273,263 for the same period 12 months ago. There were 58 residential sales compared to 65 sales 12 months ago. The majority of home sales continues to be below $300,000.
All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by Bruce Johnson 2010.
This Month Same Month Last Year
Difference in # of units
% of Change Remarks
Total Sales 88 107 -19 -17.8% fewer sales
New Listings 271 303 -32 -10.6% fewer new listings
Active Listings 1817 1470 347 23.6% more listings than 12 months ago
Residential Sales for December
Residential Listings for December
Housing Market Indicators
BRUCE’S MARKET INFORMATION PAGE2
Bruce’s Market Notes:
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
Under 100,000
100,000 - 149,999
150,000 - 199,999
200,000 - 249,999
250,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 499,999
500,000 - 599,999
600,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,499,999
1,500,000 +
0 5 10 15 20 25 30
0
0
0
0
0
0
8
9
1
12
13
18
22
18
6
3
0
0
3
3
0
3
4
9
8
18
11
16
8
2
2010 Month 2009 Month
TheHomeHunt.com
This chart breaks down total property sales for the month into price ranges so that the most popular (highest selling) price ranges can quickly be determined. Properties in the $150,000 to $300,000 price ranges continue to produce the highest sales volume. The mix between sales of higher-priced versus lower-priced properties directly affects the average monthly selling price.
Total Sales:December 2010:
88December 2009:
107
BRUCE’S MARKET INFORMATION PAGE3
December Sales By Price: 2010 & 2009
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
BRUCE’S MARKET INFORMATION PAGE4
$200,000
$225,000
$250,000
$275,000
$300,000
$325,000
$350,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2010 2009 2008
Average Monthly Residential Sale Price
TheHomeHunt
$0 $100,000 $200,000 $300,000 $400,000
$341,583
$273,263
$261,557
$289,592
$270,177
$243,268
$231,630
2010 2009 2008 2007 2006 2005 2004
Average Annual Residential Sale Price
TheHomeHunt
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
BRUCE’S MARKET INFORMATION PAGE5
Monthly Total Sales Volume
TheHomeHunt
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2010 2009 2008 2007 2006 2005 2004
Annual Total Sales Volume Since 2004
TheHomeHunt
2010! ! ! 2009
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
32%
23%12%
6%
20%
7%
Single-Family Home Single Family Home - OtherResidential - Other FarmVacant Land Other (I.C. & I.)
53%20%
11%
2%7%
6%
TheHomeHunt
Total Sales - monthlyActive Listings
BRUCE’S MARKET INFORMATION PAGE6
Sales to Listing Ratio
0
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2010 2009 2008
TheHomeHunt
*Sales to Listing Ratio is calculated by dividing the number of sales by the number of listings and it lets us see what percentage of listings on the market are selling. Generally a sales-to-listing ratio of over 50% suggests that it is a Seller’s Market and below 40% is thought of as a Buyer’s Market. A balanced real estate market is between 40% and 50%.
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
BRUCE’S MARKET INFORMATION PAGE7
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$387,500
$288,924
$543,150
$178,000$258,474
$292,689
$212,250
$368,542
$256,933
ClearviewCollingwood
Blue MtnTiny Beaches
Wasaga Beach2010 month 2009 month
Average Sale Price: December 2010/2009
TheHomeHunt
*Average Sale Price refers to all residential property sales for the month indicated compared with the same month one year earlier.
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
BRUCE’S MARKET INFORMATION PAGE8
Area real estate sales reported through the MLS® system of the Georgian Triangle Real Estate Board (GTREB) slowed in the fourth quarter of 2010 vs the same quarter last year.
The Bank of Canada again maintained its benchmark overnight rate during this quarter at 1.00% reflecting the Bank's view that the economic recovery in Canada is proceeding at a moderate pace, with economic activity in the second half of 2010 appearing slightly weaker than the Bank has projected in it's October Monetary Policy Report.
Quarterly, MLS® unit sales activity dropped 15.3%, with 394 properties selling in Q4 2010 vs 465 in Q4 2009; the resulting sales volume of $115,241,659 (Q4 2010) represents a 9.2% decrease over sales of $126,876,080 for Q4 2009.
As reflected in the chart above, all price categories in Q4 2010 showed a marked decrease from Q4 2009, with the exception being in the $1,000,000 + range where 5 houses sold in Q4 2010 vs 3 sales in Q4 2009 which represents a 66.7% increase.
Number of sales in the $0 - $249,999 range decreased a significant 19.8%, and the $250,000 - $499,999 range decreased 11.5% (Q4 2010 vs. Q4 2009). New MLS® listings totalled 1,189 in Q4 2010, representing a nominal increase of 1.3% over the 1,174 properties listed in Q4 2009.
Annually, 2010 MLS® unit sales of GTREB are up 2.7%, wherein 1,906 properties have changed hands, surpassing the 1,855 properties sold last year. Annual MLS® 2010
sales volume of $544,833,365 represents a solid 12.5% increase over 2009 sales of $484,385,974 driven by significantly higher sales activity in the upper price ranges of the market. Most price categories have seen an increase in number of unit sales 2010 vs. 2009.
The exception is the under $250,000 price range which saw 1,014 sales in 2010 vs. 1,117 in 2009, a decrease of 9.2%. Sales in the remaining price ranges for the year are as follows: $250,000 to $499,999 saw 711 sales vs. 613, or 16% increase; $500,000 to $999,999: had 153 vs. 110 sales or a 39% increase and in the over $1 Million category: 28 sales vs. 15 sales, or an increase of 86.7%.
The above statistics only reflect market activity as reported by the MLS® system of the Georgian Triangle Real Estate Board and do not include additional sales by private sellers or new home sales made by developers and others.
The current Georgian Triangle MLS® sales-to-listing ratio reflects market conditions where approximately one in three houses listed for sale sell. The balanced market conditions of early 2010 tipped slightly in favour of buyers during the latter half of the year.
Information provided by the Georgian Triangle Real Estate Board, copyright 2011.
Area Real Estate SalesFourth Quarter Down But Year Ends Up
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
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Mary Johnson
Bruce Johnson
Certified Staging Professional Sales Representative
RE/MAX OF WASAGA BEACH
INC. BROKERAGE
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