Posted On: Thursday, September 13, 2018
August 2018 Year to Date MLS® Statistics
Here are YTD numbers derived from the Residential MLS® of Southern Georgian Bay Association of REALTORS®, at the end of August 2018 as compared to the same period in 2017. The number of residential properties listed was down 7% to 3,385. The number sold was down 22% to 1,900. Total value of properties sold was down 18% to $888,318,394. Year to date, the Sales to Listings ratio was 56, number of months of inventory is at about4 , and the average selling price was up 5% to $467,536. This month, we see decreasing listings and decreasing sales. The average selling price is up for most communities, slightly down for Clearview. Both buyers and sellers are waiting to see a trend and the numbers show reduced transactions. Our four season attractions will continue to draw folks into our marketplace, and now that folks are packing away their summer activities, we may see more buyers with the upcoming ski season in mind. The importance of cash is critical 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 Number of Sales for the past 12 months for the following:
Blue Mountains, listings were down 13% to 378, and sales were down 20% to 214, average days on market were 59, the average selling price was up 5% to $646,721.
Clearview/Stayner, listings were down 2% to 202, and sales were down 23% to 100, average days on market were 62, the average selling price was down 4% to $550,316.
Collingwood, listings were down 9% to 576 and sales were down 21% to 348, average days on market were 33, the average selling price was up 5% to 489,479
Meaford, listings were down 20% to 153, and sales were down 8% to 102, average days on market were 48, the average selling price was up 0.1% to $397,302..
Tiny Township, listings were down 9% to 362, sales were down 28% to 177, average days on market were 40, the average selling price was up 2% to $508,780.
Wasaga Beach, listings were down 5% to 675, and sales were down 25% to 358, average days on market were 44, the average selling price was up 3% to $415,915.
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