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Andrew Mckay
Sales Representative
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Who Wants To Be Average?
No one really
The number of homes sold in June in Wasaga Beach and the whole of the Georgian Triangle area indicated the start of a recovery and the move towards a more balanced market. As we all know “one swallow does not a summer make” but cautious optimism is allowed.
However the average 12 month price in Wasaga Beach is down 2.5% on the previous 12 months. Statistically not that important but it does beg the question how relevant is the “average price”?
Don't Settle for Mr. Average
In real estate this average does provide an at-a-glance picture of overall market conditions. But to individual buyers ( and sellers when pricing their home) the “typical” selling price for a particular size of house in a particular area, even street, is what is important.
The price range for homes sold in Wasaga Beach varies from $150,000 to 1 million plus. On Butternut Crescent there is currently a home for sale at $313,900 and another 3 doors down at $649,900.
Average prices portray a rough outline whist typical prices will fill in the details.
Before buying or selling, research the area, get comparables, research some more and this will ensure you are not listing or buying at too high a price.
[...] average sales price is down by 2.5%. The increase in the number of sales should rectify this sooner rather than later. [...]
[...] whole of Canada. For buyers and sellers in Wasaga Beach, Collingwood and the Georgian Triangle the local figures are more important but this record does reflect a national “feelgood” factor which can [...]