Posted On: Saturday, August 4, 2018
July 2018 Year To Date MLS® Statistics
Here are YTD numbers from the Residential MLS® of Southern Georgian Bay Association of REALTORS®, at the end of July, 2018 as compared to the same period in 2017. The number of residential properties listed was down 8.9% to 2,933. The number sold was down 25% to 1,615. Total value of properties sold was down 22% to $751,429,392. Year to date, the Sales to Listings ratio was 55, number of months of inventory is at about 7, and the average selling price was up 3.8% to $466,001. This month, we see decreasing listings and decreasing sales. The average selling price is up for most communities, slightly down for Meaford. We are seeing a few sales with multiple offers this month. There are mixed signals in the news, which is giving both buyers and sellers pause, but our four season attractions will continue to draw folks into our marketplace. The importance of cash is increasing as mortgage money becomes harder to get and more expensive. Along with checking with their bank, buyers might make better headway with a local mortgage broker who understands and does business in our unique area.
The chart shows combined number of New Listings and Sales for the past 12 months for the following:
Blue Mountains, listings were down 14% to 320, and sales were down 22% to 183, average days on market were 31, the average selling price was up 5% to $641,844.
Clearview/Stayner, listings were down 1% to 170, and sales were down 25% to 91, average days on market were 41, the average selling price was up 7% to $537,236.
Collingwood, listings were down 7% to 510 and sales were down 23% to 296, average days on market were 19, the average selling price was up 2% to 480,702.
Meaford, listings were down 19% to 137, and sales were down 21% to 79, average days on market were 28, the average selling price was down .7% to $387,801.
Tiny Township, listings were down 6% to 309, sales were down 30% to 150, average days on market were 21, the average selling price was up 19% to $518,590.
Wasaga Beach, listings were down 9% to 571, and sales were down 28% to 306, average days on market were 30, the average selling price was up 2% to $415,183.
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