Title

'Market Updates' Category

Wasaga Beach 2012 Real Estate Sales Figures; January Update

A New Year & A Closer Look At All Market Figures

January is a SLOW month and not much can really be surmised from the sales figures for Wasaga Beach. What we can do is highlight the important numbers so these may be reviewed on a month to month basis.

As before the number of homes sold, the 12 month price and the sales to listing ratio are all recorded. This year I will add on the average number of days to sell ( this is for sold homes only not including expireds), % of listing price achieved and the number of new listings.

This information is central to any decisions you make about selling your home.

• 8 homes sold.
• 76 new listings.
• Sales to listing ratio 11%.
• 95.13% of listing price achieved.
• Average days on market 85.

Read the rest of this entry »

Wasaga Beach 2011 Real Estate Sales Figures; December Update

The Number of Homes Sold In Wasaga Beach In 2011 Ends On A High Note

50% more single family homes sold in December 2011 that December 2010.

64% of listings sold.

Just over 8% more homes sold in 2011 that 2010.

Read the rest of this entry »

Wasaga Beach 2011 Real Estate Sales Figures; November Update

50% More Homes Sold In Wasaga Beach In November 2011 Than November 2010

This continues the upward trend from October 2011. The sales to listing ratio has increased again All good news. Remember these figures are for single family home sales which make up the vast majority of the market here in Wasaga Beach.

The increase in the year on year average sale price has also moved up by just over 1%. Read the rest of this entry »

Wasaga Beach 2011 Real Estate Sales Figures; October Update

October Saw The Biggest Increase For Home Sales In Wasaga Beach Over 2010

Just under 30% more homes sold than in October 2010. The sales to listing ratio creeped up again and is now at 33%. 1 in 3 listings sell.

The Century 21 Millennium office here in Wasaga Beach had it’s busiest month this year.

The average sale price has increased on September 2011 and the increase on 2010 has grown.

Average Sale Price October 2010 – October2011 $275,278.

Average Sale Price October 2009 – October 2010 $269,129.

Wasaga Beach 2011 Real Estate Sales Figures; September Update

Sales/Listings Ratio 48% In September 2011 !

This is the good news. Still though in 2011 less than 1 in 3 listings have sold (32%.)

Also more homes sold in September 2011 than in 2010.

These are both figures to be happy with but 2011 is pretty much the same as 2010 overall. Disappointingly the increase in the average price from last year is relatively small and has been reducing over the last few months.

If you need to sell your home make sure it is priced correctly and shows as well as it can. If you are looking to buy there are a large number of homes for sale and some very keen prices.

Average Sale Price September 2010 – September 2011 $273,719.

Average Sale Price September 2009 – September 2010 $271,420.

Wasaga Beach 2011 Real Estate Sales Figures; August Update Still Less Than 1 in 3 Listings Are Selling

But More Homes Sold In August 2011 Than August 2010 (Just 2 More Though)

The real estate market in Wasaga Beach is improving again with the number of sales and the percentage of sales to listings increasing but only marginally.

The buyers are not out there at the moment.

Rather than try to analyse very small movements in the sales figures I just want to repeat that ” less than 1 in 3 listings are selling Wasaga Beach.” If you want to sell your home quickly it has to be the sharpest or the cheapest.

The market is not collapsing, prices are not falling; it’s just tough to sell your home. It has to be priced right and in tip top condition. Add to that a REALTOR® who is earning his or her money by ensuring blanket coverage of the listing through all types of media. Remember the days of the 3 “P”s are over:

1. Plant a sign.
2. Place an advert.
3. Pray.

The year on year average sale price is still up on last year but the difference is getting smaller.

Average Sale Price August 2010 – August 2011 $274,8785.

Average Sale Price August 2009 – August 2010 $266,390.

Wasaga Beach 2011 Real Estate Sales Figures; July Update “The Blip Continues”

For The Second Month Running Less Homes Sold Than In 2010

There may be a pattern emerging. Repeating the figures from 2010 June was a high point and then the fall off starts. However it is just one month.

Of more concern is that 10% less homes sold in July 2011 than July 2010.

We again we just need too see what happens over the next couple on months and whether like last year sales continue to drop.

More promising is that the sales to listings ratio has improved for the year again from 29%  to 30%. Don’t get carried away with this slight increase though; it is still below 2010 figure of 33% and less than 1 in 3 listings are selling.

The year on year average sale price is still up and $5000 more than last month

Average Sale Price June 2010 – June 2011 $275,655.

Average Sale Price June 2009 – June 2010 $262,699.

Market Updates: The Importance Of Local Information

“There are three kinds of lies: lies, damned lies, and statistics.”

The monthly Market Updates on wasagabeachtalking.com concentrate solely on Wasaga Beach. This is the residential area I work in and need to know about (Barrie is purely for my investors.)

The Georgian Triangle Real Estate Board covers a huge area and the overall figures can have little meaning to someone looking to buy in Wasaga Beach. This was really bought home to me when reviewing today’s press release and market update.

Take a look at the Georgian Triangle update below and nearly every figure for 2011 is down from 2010 and the “Average Residential Price” is only up 1.6%.

Compare this to Wasaga Beach where the number of sales is only 1 unit less (regionally it is down 9.3%) and the average sales price is up 2.9%.

This brief overview highlights the need to look closely and locally at sales figures. Call me if you would like more detailed information.

Wasaga Beach 2011 Real Estate Sales Figures; June Update “A Slight Blip”

Less Homes Sold In June 2011 Than June 2010

Don’t panic though. June 2010 was the busiest month of the year for selling homes in Wasaga Beach and in June 2011 more homes were sold than any other month.The upward trend in the sale of single family homes is continuing. The graph below clearly shows a better trend than the up and down of 2010.

We just need too see what happens over the next couple on months and whether like last year sales drop. If not then 2011 will undoubtedly be busier than 2010.

The sales to listings ratio has improved from 27%  to 29% for the year. But still LESS than 1 in 3 listings are selling.

The year on year average sale price is still a healthy $17,000+ up 

Average Sale Price June 2010 – June 2011 $270,536.

Average Sale Price June 2009 – June 2010 $263,015.

Wasaga Beach Homes Sold June 2011

Wasaga Beach 2011 Real Estate Sales Figures; May Update “It’s Good News”

Home Sales In 2011 Now Better Than 2010

The upward trend in the sale of single family homes in Wasaga Beach is continuing. More homes have now sold in 2011 than 2010 with traditionally the busier months still to come.

In 2010 the combined effect of the introduction HST and the “expected ” interest rate increase in the middle of the year led to a busy first 6 months then a noticeable slowing down. With no such factors in 2011 and a hot market in the GTA we should expect the increasing home sales to continue.

Remember that approximately 75% of the buyers in Wasaga Beach coming from outside the area arrive from Brampton.

The sales to listings ratio is still static though at 27% for the year. Only just over 1 in 4 homes are selling. I can only emphasise again that if a home is overpriced it is very unlikely to sell. Buyers don’t make offers well below asking price, they just make an offer on a home that is more realistically priced.

The year on year average sale price is a healthy $17,000+ up and higher than April 2011

Average Sale Price May 2010 – May 2011 $274,616.

Average Sale Price May 2009 – May 2010 $257,926.

Wasaga Beach Monthly Home Sales 2011/2011