december 2012

10
HomeHunt the with Bruce Johnson MARKET REPORT Bruce Johnson DECEMBER 2012 Wasaga Beach•Collingwood•Blue Mountain•Tiny Beaches

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Monthly real estate market statistics with colourful graphs that breathe life into cold hard data. Serving the communities of Wasaga Beach, Collingwood, Blue Mountain and Tiny Beaches

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Page 1: December 2012

HomeHuntthewith Bruce Johnson

MARKETREPORT

Bruc

e Jo

hnso

n

DECEMBER2012

Wasaga Beach•Collingwood•Blue Mountain•Tiny Beaches

Page 2: December 2012

The average sale price for residential listings in the Georgian Triangle for last month was $308,273 compared with $313,989 for the same period 12 months ago.

There were 49 residential sales compared to 82 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 2012.

This Month Same Month Last Year

Difference in # of units

% of Change

Remarks

Total Sales 89 112 -23 -20.5% Less sales than 12 months ago

New Listings 287 324 -37 -11.4% Less listings than 12 months ago

Active Listings 1946 1882 64 3.4% More active 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”

0 6 12 18 24 30

7

8

81

11

9

1910

1

29

Clearview

Collingwood

Blue Mtn

Tiny Beaches

Wasaga Beach

2012 2011

0 20 40 60 80 100

24

34

322

36

16

36

243

46

Clearview

Collingwood

Blue Mtn

Tiny Beaches

Wasaga Beach

2012 2011

Page 3: December 2012

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 $200,000 to $250,000 price range produced the highest sales volume. The mix between sales of higher-priced versus lower-priced properties directly affects the average monthly selling price.

BRUCE’S MARKET INFORMATION PAGE3

December Sales By Price: 2012 & 2011

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 6 12 18 24 300

0

0

2

4

4

3

7

6

10

17

29

16

10

4

0

0

0

0

1

2

4

6

11

9

11

16

14

9

6

TheHomeHunt.com

2012 Month 2011 Month

Page 4: December 2012

BRUCE’S MARKET INFORMATION PAGE4

Average Monthly Residential Sale Price

Average Annual Residential Sale Price

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”

$200,000

$250,000

$300,000

$350,000

$400,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 2011 2010 2009

TheHomeHunt

$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000

$320,730

$324,355

$315,105

$273,263

$261,557

$289,592

$270,177

2012 2011 2010 2009 2008 2007 2006

TheHomeHunt

Page 5: December 2012

BRUCE’S MARKET INFORMATION PAGE5

Monthly Total Sales Volume

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

2012 2011 2010 2009

TheHomeHunt

0

10

20

30

40

50

60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2012 2011 2010 2009

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 55% suggests that it is a Seller’s Market and below 45% is thought of as a Buyer’s Market. A balanced real estate market is between 45% and 55%.

Sales to Listing Ratio

Page 6: December 2012

TheHomeHunt

Total Sales - monthly

BRUCE’S MARKET INFORMATION PAGE6

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”

31%

22%12%

6%

21%

7%

Single-Family Home Single Family Home - OtherResidential - Other FarmVacant Land Other (I.C. & I.)

46%

27%

11%

5%12%

Active Listings

What’s My Home Worth?Click HERE to see an example of my free Market Evaluation of your home or visit

www.TheHomeHunt.com

Page 7: December 2012

BRUCE’S MARKET INFORMATION PAGE7

Average Sale Price: December 2012 /2011

*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”

$0

$85,714

$171,429

$257,143

$342,857

$428,571

$514,286

$600,000

$269,771 $315,288

$434,813

$240,000$320,153

$340,267

$280,374

$514,950

$387,000

$275,510

ClearviewCollingwood

Blue MtnTiny Beaches

Wasaga Beach

TheHomeHunt

2012 month 2011 month

Page 8: December 2012

BRUCE’S MARKET INFORMATION PAGE8

The Absorption Rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. Generally, any amount over 26 weeks is a buyer’s market and under 26 weeks is a seller’s market.

Sellers should pay close attention to the absorption rate because it demonstrates how long it might take to sell their property. If the rate is low, it could indicate a seller’s market, allowing them to price their home at the higher end of their suggested range. Conversely, if the rate is high, the seller will need to price at the lower end of the range (or even below the range) to realize a sale in a shorter period.

Buyers should monitor the absorption rate because if the market is heading into a time of low inventory (low rate), underbidding could be futile as they may find themselves in multiple offer situations. Conversely, if the absorption rate is high, chances are the buyer will have time to successfully offer a lower price without fear of competing offers.

Absorption Rate for December# of All Active Listings 1946

# of All Solds Last Month 89

# of Months per Year 12

# of Solds x 12 Months 1068

Divide 12-month figure by 52 weeks 20.5

Active Listings divided by weekly units 95

Absorption Rate = 95 weeks(Last month = 69 weeks)

RE/MAX of Wasaga Beach Inc., Brokerage 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226

Page 10: December 2012

HomeHuntthewith Bruce Johnson

www.TheHomeHunt.com

Call Bruceabout listing the house705-429-4500x226

A Moving Experience