December 2010

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HomeHunt with Bruce Johnson

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YEAR END SP ECIAL

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DECEMBER 2010

n

T E K MAR T R O REP Wasaga Beach

•Co

in•Tiny a t n u o M e u l B llingwood•

Beaches

BRUCE’S MARKET INFORMATION

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Residential Listings for December

Bruce’s Market Notes: The average sale price for

0

Georgian Triangle for last month was $342,273, up from

28

Collingwood

34 15

Blue Mtn

23 2 6 20

Wasaga Beach

Residential Sales for December

12 months ago. There were 58 residential sales compared to majority of home sales

5

0

$300,000.

Bruce Johnson 2010.

15

20

9 9 16 10

Blue Mtn

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

10

4

Clearview Collingwood

continues to be below

40 2009

2010

$273,263 for the same period

65 sales 12 months ago. The

40

20 20

Clearview

Tiny Beaches

residential listings in the

30

20

10

Tiny Beaches

12 2

Wasaga Beach

15 2010

19 2009

Housing Market Indicators This Month Same Month Difference in % of Change Last Year

# of units

Remarks

Total Sales

88

107

-19

-17.8%

fewer sales

New Listings

271

303

-32

-10.6%

fewer new listings

Active Listings

1817

1470

347

23.6%

more 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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December Sales By Price: 2010 & 2009 2

Under 100,000

6 8

100,000 - 149,999

18 16

150,000 - 199,999

11

200,000 - 249,999 250,000 - 299,999

18 18

13 8

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

4

400,000 - 499,999

9

3

600,000 - 699,999

0 0

700,000 - 799,999

0

800,000 - 899,999

0 0 0 0 0

900,000 - 999,999 1,000,000 - 1,499,999 1,500,000 +

0 0

12 9

1

500,000 - 599,999

22

Total Sales: December 2010: 88 December 2009: 107

8

3 3

TheHomeHunt.com

3 5

10

2010 Month

15

20

25

2009 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 $150,000 to ranges contin ue to produce $300,000 price the highest sa volume. The m les ix between sa les of higherpriced versus lower-priced pro affects the av erage monthly perties directly selling price.

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

30

BRUCE’S MARKET INFORMATION

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Average Monthly Residential Sale Price $350,000 $325,000 $300,000 $275,000 $250,000 $225,000 TheHomeHunt

$200,000

Jan

Feb

Mar

Apr

May

2010

Jun

Jul

Aug

Sep

2009

Oct

Nov

Dec

2008

Average Annual Residential Sale Price $0

$400,000

$300,000

$200,000

$100,000

$341,583 $273,263 $261,557 $289,592 $270,177 TheHomeHunt

$243,268 $231,630

2010

2009

2008

2007

2006

2005

2004

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

Apr

May

Jun

Jul

2010! ! ! 2009

Aug

Sep

Oct

Nov

Dec

Annual Total Sales Volume Since 2004 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 TheHomeHunt

$0 Jan

2010

Feb

2009

Mar

Apr

2008

May

Jun

2007

Jul

Aug

2006

Sep

Oct

Nov

2005

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

Dec

2004

BRUCE’S MARKET INFORMATION Active Listings

Total Sales - monthly

7%

7% 2%

20% TheHomeHunt

32%

6%

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6%

11% 53%

20%

12% 23% Single-Family Home

Single Family Home - Other

Residential - Other

Farm

Vacant Land

Other (I.C. & I.)

Sales to Listing Ratio 60 50 40 30 20 10 TheHomeHunt

0 Jan

Feb

Mar

Apr

2010

May

Jun

Jul

2009

Aug

Sep

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 50% suggests that it is a Seller’s Market and below 40% is thought of as a Buyer’s Market. A balanced real estate market is between 40% and 50%.

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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Average Sale Price: December 2010/2009 $600,000

TheHomeHunt

$500,000

$400,000

$300,000

$543,150 $387,500 $292,689 $288,924

$200,000

$368,542

$212,250 $178,000 Clearview

$258,474 $256,933

$100,000

Collingwood Blue Mtn

$0

Tiny Beaches

2010 month

2009 month

Wasaga Beach

*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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Area Real Estate Sales Fourth Quarter Down But Year Ends Up Area real estate sales reported through the MLS® system of the Georgian Triangle Real Estate Board (GTREB) slowed in the fourth quarter of 2010 vs the same quarter last year.

The Bank of Canada again maintained its benchmark overnight rate during this quarter at 1.00% reflecting the Bank's view that the economic recovery in Canada is proceeding at a moderate pace, with economic activity in the second half of 2010 appearing slightly weaker than the Bank has projected in it's October Monetary Policy Report.

Quarterly, MLS® unit sales activity dropped 15.3%, with 394 properties selling in Q4 2010 vs 465 in Q4 2009; the resulting sales volume of $115,241,659 (Q4 2010) represents a 9.2% decrease over sales of $126,876,080 for Q4 2009.

As reflected in the chart above, all price categories in Q4 2010 showed a marked decrease from Q4 2009, with the exception being in the $1,000,000 + range where 5 houses sold in Q4 2010 vs 3 sales in Q4 2009 which represents a 66.7% increase.

Number of sales in the $0 - $249,999 range decreased a significant 19.8%, and the $250,000 - $499,999 range decreased 11.5% (Q4 2010 vs. Q4 2009). New MLS® listings totalled 1,189 in Q4 2010, representing a nominal increase of 1.3% over the 1,174 properties listed in Q4 2009.

Annually, 2010 MLS® unit sales of GTREB are up 2.7%, wherein 1,906 properties have changed hands, surpassing the 1,855 properties sold last year. Annual MLS® 2010 sales volume of $544,833,365 represents a solid 12.5% increase over 2009 sales of $484,385,974 driven by significantly higher sales activity in the upper price ranges of the market. Most price categories have seen an increase in number of unit sales 2010 vs. 2009.

The exception is the under $250,000 price range which saw 1,014 sales in 2010 vs. 1,117 in 2009, a decrease of 9.2%.

Sales in the remaining price ranges for the year are as follows: $250,000 to $499,999 saw 711 sales vs. 613, or 16% increase; $500,000 to $999,999: had 153 vs. 110 sales or a 39% increase and in the over $1 Million category: 28 sales vs. 15 sales, or an increase of 86.7%.

The above statistics only reflect market activity as reported by the MLS® system of the Georgian Triangle Real Estate Board and do not include additional sales by private sellers or new home sales made by developers and others.

The current Georgian Triangle MLS® sales-tolisting ratio reflects market conditions where approximately one in three houses listed for sale sell. The balanced market conditions of early 2010 tipped slightly in favour of buyers during the latter half of the year.

Information provided by the Georgian Triangle Real Estate Board, copyright 2011.

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