|
Blue Mountain Real
Estate News
1st Quarter 2007
The late start to the 2006/2007 ski
season ultimately was mitigated by an extremely strong
showing. Throngs of visitors arrived post mid-January. A
modest softening in real estate sales was experienced
through March, but overall the unseasonable weather did
not appear to seriously affect area real estate sales. For
the first three months of 2007 ending March 31, unit sales
declined 12.4% compared to 2006; however, year to date
sales revenue is down only a modest 1.6%. The decreased
sales volume was offset by sales of higher end products.
The number of listings for 2007 compared to 2006 is
essentially equal. Expired listings for the first quarter
of 2007 are up 20% suggesting that many properties are not
being priced realistically to meet current market
conditions. Year to date sales and listing results for the
Georgian Triangle Real Estate Board for 2007 are
summarized below.
2007 Georgian Triangle Residential Property Market
Analysis
March 2007 YTD
March 2006 YTD %+-
Total # of new Residential
Listings 1,203
1,199 0.0%
Total # of Expired Residential
Listings 478
399 20.0%
Total # of Residential
Sales
367 419 -12.4%
Total Sales
Volume
$94,304,594 $95,790,883 -1.6%
Residential Property Sales
$350K+
59 57
.3%
Res. Prop. Sales
$500K+
23 23
0.0%
Res. Prop. Sales $500K -
$750K
13 19
-31.6%
Res. Prop. Sales $750K -
$999,999.
5 3
66.6%
Res. Prop. Sales $1.0
million+ 5
1 400.0%
Average Residential
Price
$271,207 $253,628 6.9%
March Year-to-date Residential Property Listing & Sales
By Area
Listings
Sales
2007
2006 %+- 2007
2006 %+-
Clearview
88 79 11.4%
152 152 0.0%
Collingwood
116 132 -12.1%
268 313 -14.4%
Grey Highlands
59 45 31.1%
76 74 2.7%
Meaford
48 78 -38.5%
135 145 -6.9%
Twn Blue Mtns
118 104 13.5%
164 138 18.8%
Wasaga Beach
227 240 -5.4%
409 433 -5.5%
Georgian Triangle 12 Month Residential Property Price
Comparison
2007 2006
%+-
Clearview
$307,966
$249,266 23.5%
Collingwood
$236,186
$220,829 6.9%
Grey Highlands
$297,498
$236,522 25.7%
Meaford
$240,341
$231,428 3.8%
Town of Blue
Mountains $420,813
$392,841 7.1%
Wasaga
Beach
$229,488
$213,812 7.3%
Market Forecast
The Canadian Real Estate Association
forecasts that national home sales will remain robust
through 2007 and 2008. It is anticipated that mortgage
rates will remain low and this, combined with strong
consumer confidence, will maintain strong momentum in the
residential housing market throughout the balance of 2007.
|
MLS® residential average price forecast |
2006 |
2006
annual percentage change |
2007
forecast |
2007
annual percentage change |
2008
forecast |
2008
annual percentage change |
|
Canada |
276,974 |
11.1 |
296,200 |
6.9 |
310,400 |
4.8 |
|
British Columbia |
390,963 |
17.7 |
427,800 |
9.4 |
454,000 |
6.1 |
|
Alberta |
285,497 |
30.8 |
329,800 |
15.5 |
353,700 |
7.2 |
|
Saskatchewan |
132,078 |
7.6 |
142,900 |
8.2 |
152,200 |
6.5 |
|
Manitoba |
150,229 |
12.2 |
164,500 |
9.5 |
177,100 |
7.7 |
|
Ontario |
278,455 |
5.9 |
289,500 |
4.0 |
298,500 |
3.1 |
|
Quebec |
194,024 |
5.1 |
201,700 |
4.0 |
208,400 |
3.3 |
|
New Brunswick |
126,864 |
5.2 |
131,900 |
4.0 |
135,400 |
2.7 |
|
Nova Scotia |
169,237 |
6.3 |
178,900 |
5.7 |
186,600 |
4.3 |
|
Prince Edward Island |
125,430 |
7.0 |
133,300 |
6.3 |
137,400 |
3.1 |
|
Newfoundland |
139,542 |
-1.2 |
143,200 |
2.6 |
146,000 |
2.0 |
Dave
Wilkinson – Sales Representative
Toll Free: 1-866-796-116
Direct: (705) 715-4714 Office: (705)
446-2444
Blue
Mountain Real Estate
David@bmre.ca |
Dave Wilkinson Blue Mountain Real Estate Agent
Call
(705)
715-4714 or
1-866- 796-1166
|
