April 2012

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HomeHunt with Bruce Johnson

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APRIL 2012

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T E K MAR T R O REP •C Wasaga Beach

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in•Tiny a t n u o M e u l B ood•

Beaches

BRUCE’S MARKET INFORMATION

2

PAGE

Residential Listings for April

Bruce’s Market Notes:

0

20

Clearview

40

Blue Mtn Tiny Beaches

residential listings in the

Wasaga Beach

80

45

15 12

57

69 68

Georgian Triangle for last

131 130

month was $315,206 compared

2012

with $310,740 for the same

2011

Residential Sales for April

period 12 months ago. There were 139 residential sales

0

10

20

compared to 119 sales 12

Blue Mtn

All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by

Tiny Beaches Wasaga Beach

40

50

19

Collingwood

below $300,000.

30

12

Clearview

months ago. The majority of home sales continues to be

100

34 38

Collingwood

The average sale price for

60

8

18

31 30

3

Bruce Johnson 2012.

37 43

2012

2011

Housing Market Indicators This Month Same Month Difference in

% of

Last Year

# of units

Change

Remarks

Total Sales

206

167

39

23.4%

More sales than 12 months ago

New Listings

755

668

87

13.0%

More listings than 12 months ago

Active Listings

2467

2145

322

15.0%

More active listings than 12 months ago

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BRUCE’S MARKET INFORMATION

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PAGE

April Sales By Price: 2012 & 2011 12 11 10

Under 100,000 100,000 - 149,999

14

150,000 - 199,999

36

21

200,000 - 249,999

47

26

250,000 - 299,999

32 17

300,000 - 349,999 350,000 - 399,999

16

400,000 - 499,999

5 3

600,000 - 699,999 700,000 - 799,999

24

18

14

7

500,000 - 599,999

35

7

4

3

1 2 2

800,000 - 899,999

0 0

900,000 - 999,999 1,000,000 - 1,499,999

2

1,500,000 +

0 0

TheHomeHunt.com

3

1 10

20

2012 Month

30

40

2011 Month

This chart bre aks down tota l property sale for the month s into price ran ges so that th most popular e (highest sellin g) price rang can quickly b e s e determined .

Properties in the $200,000 to price range p roduced the h $250,000 ighest sales volume. The m ix between sa les of higherpriced versus lower-priced properties directly affec ts the averag e monthly sellin price. g

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

50

BRUCE’S MARKET INFORMATION

4

PAGE

Average Monthly Residential Sale Price $400,000

$350,000

$300,000

$250,000

TheHomeHunt

$200,000

Jan

Feb

Mar

2012

Apr

May

Jun

2011

Jul

2010

Aug

Sep

Oct

Nov

2009

Dec

Average Annual Residential Sale Price $324,355 $315,105 $273,263 $261,557 $289,592 $270,177 TheHomeHunt $0

2012

$243,268

$50,000

2011

$100,000

2010

$150,000

2009

$200,000

$250,000

2008

$300,000

2007

$350,000

2006

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

BRUCE’S MARKET INFORMATION

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PAGE

Monthly Total Sales Volume $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 TheHomeHunt

$0 Jan

Feb

Mar

2012

Apr

May

2011

Jun

Jul

2010

Aug

Sep

Oct

2009

Nov

Dec

Monthly Total Sales Volume Since 2005 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 TheHomeHunt

$0

2012

Jan

Feb

2011

Mar

2010

Apr

May

2009

Jun

Jul

2008

Aug

2007

Sep

Oct

2006

Nov

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

Dec

2005

BRUCE’S MARKET INFORMATION Active Listings

6

PAGE

Total Sales - monthly

6%2% 1%

6% 22%

14%

33% 5% 12%

19% 22%

57%

TheHomeHunt

Single-Family Home Residential - Other Vacant Land

Single Family Home - Other Farm Other (I.C. & I.)

Sales to Listing Ratio 60 50 40 30 20 10 TheHomeHunt

0 Jan

Feb

2012

Mar

Apr

2011

May

Jun

2010

Jul

Aug

Sep

2009

Oct

Nov

2008

*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”

Dec

BRUCE’S MARKET INFORMATION

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PAGE

Average Sale Price: April 2012 /2011 $700,000

TheHomeHunt

$600,000

$500,000

$400,000 $674,313 $300,000

$570,140

$289,833 $298,553

$200,000 $274,921 $236,647

$304,533 $262,528$294,584

Clearview

Collingwood

Blue Mtn

2012 month

$100,000

$0

Tiny Beaches

Wasaga Beach

2011 month

*Average Sale Price refers to all residential property sales for the month indicated compared with the same month one year earlier.

What’s My Home Worth?

Click HERE to see an example of my free Market Evaluation of your home.

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

BRUCE’S MARKET INFORMATION

8

PAGE

Absorption Rate for April # of Active Listings

2467

# of Solds Last Month

206

# of Months per Year

12

# of Solds x 12 Months

2472

Divide 12-month figure by 52 weeks

47.5

Active Listings divided by weekly units

Absorption Rate = (Last month =

52

52 weeks 55 weeks)

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.

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.

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Bruce Johnson

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

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