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December 2022 Market Report For Our Communities

One last look back at 2022 as we take in the December Market Stats. We saw a large decrease in sales activity where December sales were down 48% compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 349% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Although prices are down (1.7%), it’s important to remember that, year to date, the average sale price is up 7.7% compared to this point last year.

In our local communities, we saw the active listing trends continue, a lot more inventory in Penetanguishene with a staggering 2600% increase and in Tiny with a 507% increase. We also saw large inventory increases in Midland and Tay throughout December. Prices stayed fairly consistent compared to last year with very minimal decreases In Midland, Tiny & Tay. Across our other communities, we saw larger decreases. However, it’s important to note that there were limited sales to base this information off – Sales Activity was down almost 48% across the region. As we head into the new year, we expect a re-balancing of the market to continue with more opportunities for buyers but also attractive sales prices for sellers.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of January 6th, 2023, data gathered by the Ontario Collective based on December 2021 vs December 2022.

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November 2022 Market Report For Our Communities

As we get deeper into the holiday season let’s take a look at how the Market is looking. We saw a large decrease in sales activity where November sales were down 29% compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 211% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Although prices are down (7.3%), it’s important to remember that, year to date, the average sale price is up 8.1% compared to this point last year.

In our local communities, we saw the active listing trends continue, a lot more inventory in Penetanguishene with a huge 433% increase and in Tiny with a 304% increase. We also saw large inventory increases in Penetang and Tay throughout November. Prices stayed fairly consistent compared to last year with very minimal decreases In Midland. Across our other communities, we saw larger decreases. However, it’s important to note that there were limited sales to base this information off – Sales Activity was down almost 30% across the region. As we head into the new year, we expect a re-balancing of the market to continue with more opportunities for buyers but also attractive sales prices for sellers.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of December 8th, 2022, data gathered by the Ontario Collective based on November 2021 vs November 2022.

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October 2022 Market Report For Our Communities

As the leaves fall from the trees, so do home prices across our region, down 11% from this time last year. We saw a large decrease in sales activity where October sales were down 28% compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 145% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Although prices are down, it’s important to remember that, year to date, the average sale price is up 9.4% compared to this point last year.

In our local communities, we saw the active listing trends continue, a lot more inventory in Midland with a huge 195% increase and in Tiny with a 150% increase. We also saw large inventory increases in Penetang and Tay throughout October. Prices stayed very consistant compared to last year with very minimal increases and decreases. Whilst house prices still look very attractive to sellers, there are many opportunities for buyers too giving us an interesting market heading into the winter months.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of November 4th, 2022, data gathered by the Ontario Collective based on October 2021 vs October 2022.

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September 2022 Market Report For Our Communities

Fall is now in full swing and the market continued to cool off during September, providing many opportunities for Buyers. We saw a large decrease in sales activity where September sales were down 38% compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 151% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Year to date, the average sale price is up 11.5% compared to this point last year.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 234% increase and in Penetang with a 109% increase. We also saw large inventory increases in Tiny and Tay throughout September. Whilst house prices still look very attractive to sellers, there are many opportunities for buyers too giving us an interesting market heading into the winter months.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of October 6th, 2022, data gathered by the Ontario Collective based on September 2021 vs September 2022.

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August 2022 Market Report For Our Communities

As summer has been winding down and everyone preparing for Kids going back to school, we saw an anticipated slowing of the market throughout August. We saw a large decrease in sales activity where August sales were down 34% compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 140% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties. Year to date, the average sale price is up 13.3% compared to this point last year.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 195% increase and in Penetang with a 121% increase. We also saw large inventory increases in Tiny and Tay throughout August. Whilst house prices still look very attractive to sellers, the Bank of Canada continues to adjust interest rates and we will see more variations moving forward. Interest is likely to continue to rise so don’t miss out on that dream home now.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of September 15th, 2022, data gathered by the Ontario Collective based on August 2021 vs August 2022.

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July 2022 Market Report For Our Communities

As we look back at July, we saw a really interesting shift that presents opportunities for buyers and sellers. We saw a large decrease in sales activity where July sales were down 50% compared to 2021. However, in the sales that did take place, prices were up compared to 2021. For a few months in a row now, active listings continued to surge, across our communities we saw 119% rise in active listings. There’s lots of opportunities for Buyers right now but don’t forget that seller’s are still getting top dollar for their properties.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 121% increase and in Penetang with a 100% increase. We also saw large inventory increases in Tiny and Tay throughout July. Prices were up across our communities, a 57% increase in Midland and 15% increase in Tiny & Penetang. Whilst house prices still look very attractive to sellers, the Bank of Canada continues to adjust interest rates and we will see more variations moving forward. Interest is likely to continue to rise so don’t miss out on that dream home now. 

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of August 9th, 2022, data gathered by the Ontario Collective based on July 2021 vs July 2022.

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June 2022 Market Report For Our Communities

As we look back at June, we can see that the market has begun to balance out. There was no large average sale price increases year over year, in fact we saw a 1.5% decrease in average sale prices compared to 2021. It’s worth keeping in mind though that prices are still up 36% compared to 2020 and 54% compared to 2019. The trifecta of rapidly rising mortgage rates, declining demand and surging listings (Up 89% in our communities) has shifted the market balance, previously in favour of sellers for a prolonged period, into a buyer’s market for the first time in many years.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 133% increase and in Penetang with a 181% increase. We also saw large inventory increases in Tiny and Tay throughout June. Prices stayed pretty consistent across our communities, a 2% decrease in Tay and 1.6% decrease in Tiny however Penetang saw 6% increase in average sale price. Even with a small decrease, Tiny’s average price is still lingering very close to the $1m mark for average pricing. Whilst house prices still look very attractive to sellers, the Bank of Canada adjusts interest rates we will see more variations moving forward. Interest is likely to continue to rise so don’t miss out on that dream home now.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of July 14th, 2022, data gathered by the Ontario Collective based on June 2021 vs June 2022.

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May 2022 Market Report For Our Communities

There’s been a change in the market over the last little while. For the first time in a long time we’re seeing both a raise in Sale prices and Active and New Listings. So finally, the inventory is starting to match the demand that we’re seeing from buyers. Buyers are still motivated though as the average price has gone up 10%. Despite the increase in listings, inventory is still down over 40% compared to pre-pandemic. Recent news of interest rate hikes have effected the market, but it’s important to remember, even after these increases, the rate is still lower than pre-pandemic.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 195% increase. We also saw large inventory increases in Tiny, Penetang and Tay throughout May. Prices are still continuing to rise in our area with the biggest in Tay at 36% increase. Tiny’s average price dipped 12% compared to last year but still sits just below the $1m mark for average pricing. There are starting to be more options for all those hungry buyers but prices are still climbing. So May bought good news for buyers and sellers alike.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of June 7th, 2022, data gathered by the Ontario Collective based on May 2021 vs May 2022.

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April 2022 Market Report For Our Communities

The inventory is here at last! Buyers have been crying out for more inventory and the spring market has begun to provide. Across our communities we’ve seen a 29% rise in active listings. It’s been a lack of inventory that has been driving up prices, so this news will be welcomed by the many buyers looking. However, inventory is still incredibly low – down more than 48% compared to pre pandemic numbers. With less options on the market, we continue to see house prices rise as the new average house price sits in the high $800’s – up around 13%.

In our local communities, we saw these trends continue, a lot more inventory in Midland with a huge 60% increase. We also saw large inventory increases in Tiny and Tay throughout April. Prices are still continuing to rise in our area with the biggest in Tiny. Tiny’s average price rose 29% compared to last year whilst also breaking the $1m mark for average pricing. There are starting to be more options for all those hungry buyers but overall our community is still lacking the amount of inventory to match the buyer’s desires. With low competition, it’s still a great time to take advantage of the market and achieve maximum price for your property.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of May 12th, 2022, data gathered by the Ontario Collective based on April 2021 vs April 2022.

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March 2022 Market Report For Our Communities

The spring market is here and we’ve seen a slight shift in the market. In March, we saw that active listings across our communities are up over 17% compared to 2021. It’s been a lack of inventory that has been driving up prices, so this news will be welcomed by the many buyers looking. However, inventory is still incredibly low – down more than 61% compared to pre pandemic numbers. With less options on the market, we continue to see house prices rise as the new average house price edges towards the $1Million mark – up around 30%.

Across our communities, we saw these trends continue, however we are starting to see more listings come to market. Tiny’s average price rose 21% compared to last year whilst also breaking the $1m mark for average pricing. Midland saw a 19.8% raise in average pricing but also a 42% hike in active listings. There are starting to be more options for all those hungry buyers but overall our community is still lacking the amount of inventory to match the buyer’s desires. With low competition, it’s still a great time to take advantage of the market and achieve maximum price for your property.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of April 3rd, 2022, data gathered by the Ontario Collective based on March 2021 vs March 2022.