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HomeHunt with Bruce Johnson
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MAY 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 May
Bruce’s Market Notes:
0
20
Clearview
40
60
80
38 47
Collingwood
59
Blue Mtn
The average sale price for
Tiny Beaches
residential listings in the
Wasaga Beach
100
88 6
75
56
11
Georgian Triangle for last
96 125
month was $289,428 compared
2012
with $318,363 for the same
2011
Residential Sales for May
period 12 months ago. There were 135 residential sales
0
10
compared to 122 sales 12 Clearview
months ago. The majority of home sales continues to be
Blue Mtn
All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by
Tiny Beaches
30
40
50
13 15
Collingwood
below $300,000.
20
8 1
4
33 32 12
Wasaga Beach
Bruce Johnson 2012.
39
2012
45
2011
Housing Market Indicators This Month Same Month Difference in
% of
Last Year
# of units
Change
Remarks
Total Sales
203
182
21
11.5%
More sales than 12 months ago
New Listings
730
701
29
4.1%
More listings than 12 months ago
2649
2538
111
4.4%
More active listings than 12 months ago
Active Listings
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
May Sales By Price: 2012 & 2011 10
Under 100,000 100,000 - 149,999
12 12
18 33
150,000 - 199,999 200,000 - 249,999
36 44
31
250,000 - 299,999
33
37
20 20
300,000 - 349,999
11 10 10
350,000 - 399,999 400,000 - 499,999 500,000 - 599,999
10
4
600,000 - 699,999
9
1 1
700,000 - 799,999
900,000 - 999,999
0 0 0
1,000,000 - 1,499,999
0
1,500,000 +
0 0
800,000 - 899,999
0
17
3
2
TheHomeHunt.com
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
5
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
2% 2%6%
6% 22%
11% 34%
5%
19% 12%
59% 20%
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
7
PAGE
Average Sale Price: May 2012 /2011 $600,000
TheHomeHunt
$514,286
$428,571
$342,857
$512,788
$257,143
$447,083 $297,170 $311,531 $292,899 $259,492
$171,429 $277,750 $245,000
Clearview
Collingwood
Blue Mtn
2012 month
$270,732$283,241
$85,714
$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 May # of Active Listings
2649
# of Solds Last Month
203
# of Months per Year
12
# of Solds x 12 Months
2436
Divide 12-month figure by 52 weeks
46.8
Active Listings divided by weekly units
Absorption Rate = (Last month =
57
57 weeks 52 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. Generally, any amount over 26 weeks is a buyer’s market and under 26 weeks is a seller’s market. 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. The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
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RE/MAX of Wasaga Beach Inc., Brokerage 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226
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