HomeHuntthewith Bruce Johnson

MARKETREPORT

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MAY2012

Wasaga Beach•Collingwood•Blue Mountain•Tiny Beaches

The average sale price for residential listings in the Georgian Triangle for last month was $289,428 compared with $318,363 for the same period 12 months ago. There were 135 residential sales compared to 122 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 203 182 21 11.5% More sales than 12 months ago

New Listings 730 701 29 4.1% More listings than 12 months ago

Active Listings 2649 2538 111 4.4% More active listings than 12 months ago

Residential Sales for May

Residential Listings for May

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 10 20 30 40 50

13

338

4

45

15

3212

1

39

Clearview

Collingwood

Blue MtnTiny BeachesWasaga Beach

2012 2011

0 20 40 60 80 100

38

59

756

96

47

8856

11

125

Clearview

Collingwood

Blue MtnTiny BeachesWasaga Beach

2012 2011

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

May 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 10 20 30 40 500

1

2

0

3

1

4

17

10

20

33

31

36

12

12

0

0

0

0

1

9

10

10

11

20

37

44

33

18

10

TheHomeHunt.com

2012 Month 2011 Month

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 Dec2012 2011 2010 2009

TheHomeHunt

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

$324,355

$315,105

$273,263

$261,557

$289,592

$270,177

$243,268

2012 2011 2010 2009 2008 2007 2006

TheHomeHunt

BRUCE’S MARKET INFORMATION PAGE5

Monthly Total Sales Volume

Monthly Total Sales Volume Since 2005

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 Dec2012 2011 2010 2009

TheHomeHunt

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 Dec2012 2011 2010 2009 2008 2007 2006 2005

TheHomeHunt

Total Sales - monthlyActive Listings

BRUCE’S MARKET INFORMATION PAGE6

Sales to Listing Ratio

*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%.

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

34%

20%12%

5%

22%

6%

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

59%19%

11%

2%6%2%

0

10

20

30

40

50

60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2012 2011 2010 2009 2008

TheHomeHunt

BRUCE’S MARKET INFORMATION PAGE7

Average Sale Price: May 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

$259,492 $292,899

$512,788

$277,750$270,732

$297,170 $311,531

$447,083

$245,000 $283,241

ClearviewCollingwood

Blue MtnTiny Beaches

Wasaga Beach

TheHomeHunt

2012 month 2011 month

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

BRUCE’S MARKET INFORMATION PAGE8

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

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. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. 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 the 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 May

# of Active Listings 2649

# of Solds Last Month 203

# of Months per Year 12

# of Solds x 12 Months 2436

Divide 12-month figure by 52 weeks 46.8

Active Listings divided by weekly units 57

Absorption Rate = 57 weeks

(Last month = 52 weeks)

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Mary Johnson

Bruce Johnson

Certified Staging Professional Sales Representative

RE/MAX OF WASAGA BEACH

INC. BROKERAGE

Click for contact info

705-429-4500 x226

Bruce JohnsonMary Johnson

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

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