th e
HomeHunt with Bruce Johnson
Bruc
YEAR END SP ECIAL
e Jo hnso
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
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
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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PAGE
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
8
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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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