Following on from July the number of homes sold in Wasaga Beach was once again down in August compared to August 2010. Just over 10% less homes sold.

The average price though was up just over 15%.

For 2010 the number of homes sold is still up over 2009 as is the average price year on year. However the market does seem to be slowing down. The higher sales in early 2010 can possibly be attributed to the “fear” of interest rate rises from July on and also the impact of HST; buyers bought sooner rather than later.

Now that people realise that rates are not shooting up and are understanding the actual impact of the new HST when buying a home we may see more buyers taking action. From personal experience and talking to other agents the buyers have just not been willing to commit and have taken a wait and see attitude.

For buyers there is a lot of homes to choose from and as a result realistic pricing by serious sellers.

Average Sale Price August 2009 – August 2010 $266,438.

Average Sale Price August 2008 – August 2009  $247,479.

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The number of homes sold in Wasaga Beach during July is just slightly less than in July 2009. Last year July was the best month and sales started to fall for the rest of the year. It will be interesting what the next few months hold for us.

Year to date the number of sales is up just over 11% and the average price is up approximately 5%. All good news.

HOWEVER the year to date ratio for the number of sales compared to listings is 33%. Only 1 in every 3 listings sell. July was 42% which is encouraging.

There is a lot of competition for Sellers out there so as always pricing correctly is critical but also making your house stand out is worth the time and effort. Check out some ideas here.

Average Sale Price July 2009 – July 2010 $262,756.

Average Sale Price July 2008 – July 2009  $249,445.

After a blip in April and May the recovery in the market from 2009 is back on track. It is wrong to read too much in month to month changes but we are now half way through the year and the figures are a great improvement on 2009.

Number of units sold up over 15% and the 12 month average price up over 5%.

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

Average Sale Price June 2008 – June 2009  $248,918.

It is far too early to worry this is some sort of trend. The fact that 40 homes sold in March, twice as many as in 2009, may have influenced the following 2 months figures. We shall see what happens in June, July and August which were the busiest months in 2009. By the end of August we shall really be able to see how the market is this year.

The average 12 month price is up just over 2.5%.

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

Average Sale Price May 2008 – May 2009  $251,227

What a difference a year makes. The end of 2008 and the first few months of 2009 were full of doom and gloom for real estate sales. In contrast December saw an increase in both the number of sales and the average price for 2009 over 2008. Taking into account the very low figures for the first few months the market has bounced back in Wasaga Beach with a vengeance.

Interestingly though a recent report by CIBC on Canadian Mortgage Debt does not for see a “bubble.” Rather given ” that the current overvaluation is occurring in a context of historically low interest rates, what we are most likely witnessing is a temporary period of exuberance that is “borrowing” activity from the future, as households take advantage of lower rates and accelerate their borrowing and home purchasing activities.”

Given that the continuing sales in Toronto in 2009 were in line with the healthy levels of sales experienced between 2004 and 2006, Wasaga Beach and the Georgian Triangle in general can expect sales of real estate to remain buoyant in 2010.

Average Sale Price December 2008 – December 2009 $255,557

Average Sale Price December 2007 – December 2008  $252,332

The number of sales for 2009 is now only one less than 2008.

Remember “officially” the recession is over as well!!

Average Sale Price November 2008 – November 2009 $255,080

Average Sale Price November 2007 – November 2008  $252,581

The 12 month average price is just 1.1% less

Average Sale Price September 2008 – September 2009 $250,654

Average Sale Price September 2007 – September 2008  $253,317

The overall outlook on the economy is much more positive than in early 2009 and in the Georgian Triangle as a whole sales are expected to continue to increase for the rest of the year.

Average Sale Price September 2008 – September 2009 $247,708

Average Sale Price September 2007 – September 2008  $253,741

The 12 month average price is down year on year but should be level by the end of the year.

The number of sales for the year is down 13.3%.When one realises this figure was minus 35% at the end of May 2009 then the market is improving.

There is reason to be optimistic. It was reported yesterday that the Canadian economy grew by 0.1% in June. To me this seems insignificant but apparently in the world of economic this positive figure was unexpected and a very good sign of the recovery occurring.

Average Sale Price August 2008 – August 2009 $247,479

Average Sale Price August 2007 – August 2008  $252,627

The 12 month average price is down 2% year on year.

GTA Real Estate Sales Figures August 2009

Figures compiles using data from the MLS system of the Georgian Triangle Real Estate Board.

“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.”
Sir Winston Churchill, Speech in November 1942. British politician (1874 – 1965)

We “may” be turning the corner. At the very least buyers are no longer sitting on the fence.

The Georgian Triangle Real Estate Board as a whole also saw better figures than last year for the 2nd month running. I will post the GTA figures as soon as they are available as this influences sales in Wasaga Beach. I can say that the Century 21 Millennium Inc office in Brampton was extremely busy in July.

Average Sale Price July 2008 – July 2009 $249,445

Average Sale Price July 2007 -  July 2008  $253,467