Wasaga Beach 2016 Real Estate Sales Figures; February Update

 

Just One Word For The Wasaga Beach Real Estate Market: “HOT”

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To be honest I’m running out of ways to say the market is busy.

48 homes sold in Wasaga Beach in February; nearly a 100% increase on the 25 that sold in February 2015.

For the first 2 months of this year sales are up 80% on 12 months earlier and 2015 was a busy year.

Added to the mix listings are down 15% on 2015. There is a distinct lack of home for sale especially below $350,000. Buyers are making offers quickly as they fear loosing the home and listings are selling. Before last year it was a buyers market and people took their time making a decision. Not anymore.

There are more buyers from out of town and the military posting season is just about to start.

If you want to SELL your home, there hasn’t been a better time over the last few years.

If you want to BUY please don’t hesitate in making an offer.

The 12 month average price is up 9% and 65% of listings are selling. So the figures do not lie.

The key figures for February 2016 in Wasaga Beach are below.

They should be studied if buying or selling a home and discussed with your REALTOR®.

Key figures for February:

48 homes sold.

70 new listings.

Sales to listing ratio 69%

98.10% of listing price achieved.

Average days on market 74.

Year To Date:

72 homes sold.

110 new listings.

Sales to listing ratio 65%

97.36% of listing price achieved.

Average days on market 77.

Average Sale Price February 2015 – February 2016 $315,321.

Average Sale Price February 2014 -February 2015 $288,923.

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The above statistical results are from the MLS® System of the South Georgian Bay Association of REALTORS® for the sale of single family homes.

Image courtesy of Sira Anamwong at FreeDigitalPhotos.net