Posted On: Thursday, January 5, 2017
December 2016 MLS Statistics, Year End
Here for you are numbers from the Western District of the Southern Georgian Bay Association of Realtors, Year to Date, as at the end of December 2016. The number of residential properties listed was down from 4,339 to 3,928, a decrease of 9.5%. The number sold was up from 2,386 to 2,750 an increase of 15.3%. Total value of properties sold was $1,037,827,103 up 29%. Overall, with the number of listings taken down, and the number of sales made up, the result is still very strongly declining inventory. Year to date, the Sales to Listings ratio was up from 55 to 70, the average market time was 76 days, and properties sold for an average of 97% of asking. Market conditions mean that buyers will be paying more, and sellers can expect a better market response.
These stats reflect the huge confidence of investors in our area real estate. Three sources of buyers supporting our market are retirees, second home owners and international buyers.
Stayner/Clearview, listings were up 3.3% to 366 and sales were up by 26% to 218, the 12 month moving average selling price was up 35% to $476,140.
Collingwood, listings were down 15% to 868 and sales were up 2% to 654, the 12 month moving average selling price was up 16% to $376,900.
Meaford, listings were down 22% to 269, and sales were up 20% to 181, the 12 month moving average selling price was up 12% to $341,799.
Blue Mountains, listings were down 7.5% to 683, and sales were up 15% to 400, the 12 month moving average selling price was up 2.4% to $497,366.
Wasaga Beach, listings were down 13% to 1055, and sales were up by 16% to 767, the 12 month moving average selling price was up 10% to $325,106.
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