Wasaga Beach 2016 Real Estate Sales Figures; March Update

It’s A Seller’s Market In Wasaga Beach

 

ID-100266632

 

Last month I made this observation:

“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.”

March only reinforced these sentiments.

In certain price ranges we are “expecting” multiple offers on new listings! Even last year multiple offers were very much the exception but not now.

Any family homes listed below $300,000 are being snapped up.Homes listed above this figure may not receive multiple offers but will sell quickly if they show well.

So far in 2016 sales are up 60% and listings down 16%. This is obviously creating the Sellers Market.

This is not a blip.

The percentage of listing price achieved is moving up and the time it takes to sell a home is moving down: for March 98.3% and 56 days respectively. In March 2015 these figures were 97.3% and 67 days.

On the average price of $315,797 this year on year difference equates to an extra $3,157 in the Sellers pocket or to put it into perspective, enough money to cover legal costs for selling and still have money left.

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

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

Key figures for March:

49 homes sold.

78 new listings.

Sales to listing ratio 63%

98.30% of listing price achieved.

Average days on market 56.

Year To Date:

124 homes sold.

187 new listings.

Sales to listing ratio 66%

98.30% of listing price achieved.

Average days on market 69.

Average Sale Price March 2015 -March 2016 $315,797.

Average Sale PriceMarch 2014 -March2015 $291,867.

Screen Shot 2016-04-23 at 7.07.14 AM

Screen Shot 2016-04-23 at 7.07.05 AM

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 Stuart Miles at FreeDigitalPhotos.net