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NOVEMBER 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
Bruce’s Market Notes: The average sale price for residential listings in the Georgian Triangle for last month was $347,475 compared with $310,029 for the same period 12 months ago. There were 83 residential sales compared to 102 sales 12 months ago. The majority of home sales continues to be below $300,000. All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by
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Residential Listings for November 0
20 20
Clearview
40
80
100
28
Collingwood
45
Blue Mtn Tiny Beaches
60
55
38 32
3 3
Wasaga Beach
50 65
2012
2011
Residential Sales for November 0
8
24
32
40
7
Clearview
12
Collingwood
19 22
7
Blue Mtn Tiny Beaches
16
19
2
Wasaga Beach
Bruce Johnson 2012.
30 34
2012
2011
Housing Market Indicators This Month Same Month Difference Last Year in # of units
% of Change
Remarks
Total Sales
135
167
-32
-19.2%
Less sales than 12 months ago
New Listings
389
429
-40
-9.3%
Less listings than 12 months ago
Active Listings
2149
2010
139
6.9%
More active listings than 12 months ago
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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November Sales By Price: 2012 & 2011 Under 100,000
10
8
12
100,000 - 149,999
14 24
150,000 - 199,999
29
21
200,000 - 249,999
36 23
250,000 - 299,999
9
300,000 - 349,999
7
350,000 - 399,999
500,000 - 599,999
6
2 4
700,000 - 799,999 800,000 - 899,999
0 0 0
900,000 - 999,999
5
1
1
1,000,000 - 1,499,999
19
8
4
600,000 - 699,999
12
9 9
400,000 - 499,999
TheHomeHunt.com
2
0 0
1,500,000 +
0
27
8
16
2012 Month
24
32
2011 Month
This char t bre aks down tota l proper ty sa for the month les into price ran ges so that th most popular e (highest sellin g) price rang can quickly b es e determined . Proper ties in the $150,000 to $200,000 range produc price ed the highest sales volume. mix between T he sales of highe r-priced versu lower-priced s proper ties dir ectly affects th average mon e thly selling pri c e.
The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”
40
BRUCE’S MARKET INFORMATION
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Average Monthly Residential Sale Price $400,000
$350,000
$300,000
$250,000
$200,000
TheHomeHunt
Jan
Feb
Mar
Apr
2012
May
Jun
2011
Jul
Aug
Sep
2010
Oct
Nov
Dec
2009
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
$150,000
2010
$200,000
2009
$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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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 $0
TheHomeHunt Jan
Feb
Mar
Apr
2012
May
Jun
Jul
2011
Aug
Sep
2010
Oct
Nov
Dec
2009
Sales to Listing Ratio 60 50 40 30 20 10 0
TheHomeHunt Jan
Feb
2012
Mar
Apr
May
2011
Jun
Jul
Aug
2010
Sep
Oct
Nov
Dec
2009
*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”
BRUCE’S MARKET INFORMATION Active Listings
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Total Sales - monthly
7% 6%
7%2%
21% 5%
31% 6%
25% 13%
55%
23%
Single-Family Home Residential - Other Vacant Land
Single Family Home - Other Farm Other (I.C. & I.) TheHomeHunt
What’s My Home Worth? Click HERE to see an example of my free Market Evaluation of your home or visit www.TheHomeHunt.com
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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Average Sale Price: November 2012 /2011 $700,000
TheHomeHunt
$600,000
$500,000
$400,000
$649,500 $300,000 $484,421 $200,000
$309,929 $262,729$293,547 $247,617 $228,500
Clearview
Collingwood
Blue Mtn
$297,428 $282,783
$100,000
$0
Tiny Beaches Wasaga Beach
2012 month
2011 month
*Average Sale Price refers to all residential property sales for the month indicated compared with the same month one year earlier.
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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Absorption Rate for November # of All Active Listings
2149
# of All Solds Last Month
135
# of Months per Year
12
# of Solds x 12 Months
1620
Divide 12-month figure by 52 weeks
31.2
Active Listings divided by weekly units
Absorption Rate = (Last month =
69
69 weeks 47 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. 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 their suggested 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. RE/MAX of Wasaga Beach Inc., Brokerage 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226
the
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TheHomeHunt Market Report is copyrighted by Bruce Johnson 2012.
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