As we said goodbye to 2020, we welcomed 2021 with massive spikes in home prices across our region. To begin the year we saw a huge 98% increase in sale prices across our communities compared to 2019. In Penetanguishene alone, we saw over 168% increase in sales prices.
As restrictions and lockdowns increased across Midland, Penetanguishene, Tiny and Tay, we saw the trend of low inventory continue. Active listings are down over 85% compared to 2019. With low competition, now is the time to take advantage of the market and achieve maximum price for your property.
A look back at December 2020 compared to December 2019 and why it’s a great time to list your Property for Sale.
The whole world was happy to see the end of 2020 but we’re not quite done with it yet as we look back on the final month of that last year to have an idea of how the 2021 market could begin.
As we transitioned into the festive period, we saw a big spike in sales prices through December. To round out the year, we saw a massive 34% increase in sales prices across our communities. In Tay Township alone, we saw over 64% increase in sales prices. Even as restrictions and lockdowns increased across Midland, Penetanguishene, Tiny and Tay, we continued to see a very impressive rebound from Covid-19.
The number of sales across our communities saw an increase year over year at 19%. With less homes on the market to start with, this spike in sales leaves us with a big lack of inventory across the region. If you’re looking to sell your home this winter, this is great news for you! Prices are up, interest rates are down and your home faces less competition on the market whilst there is a host of motivated buyers looking to complete their home search!
Happy New Year from everyone at For Sale On Georgian Bay! You don’t need us to tell you that it’s been ‘quite the year’. 2021 is a year that will be welcomed with much hope and optimism for many, a fresh start that everyone is ready to grab with both hands.
We would like to extend our gratitude to all the front line workers who faced the many challenges of 2020 and worked so hard for all of our communities. Thank you for everything you have already overcome and for what still lays ahead in 2021. Your strength is what fuels our community.
Real Estate has been classified as an essential service through all the lockdowns and restrictions this year. We listened, we learned and we adapted to our new way of work, always striving to maintain the level of professionalism and service that you would expect of us. We were proud to be able to help so many members of our community find their shelter in the storm this year.
2020 will forever be remembered around the world, but closer to home it was a special year for us all as we saw “For Sale On Georgian Bay” founded. We hit the ground running as we navigated the Covid Real Estate Market whilst re-introducing ourselves and our years of experience to the community. None of this would have been possible without the support of our incredible clients, our beautiful communities, our friends and our families. Thank you all for continually trusting us when it comes to one of the biggest decisions in life, we’re proud to be with you every step of the way.
We wish everyone a very happy, healthy and successful 2021, we really can’t wait to see what is in store.
Best wishes, For Sale On Georgian Bay. Happy New Year!
Note: Our new year photos were taken prior to lockdown. All agents were photographed separately and have been digitally placed together.
With cases on the rise throughout Ontario, we’re all preparing for what a Grey Lockdown looks like. Your For Sale On Georgian Bay Realtors continue to minimize direct contact by using digital and virtual alternatives where possible.
If you’re looking to buy or sell a home across the Georgian Bay region, you can depend on your local professionals to take the necessary precautions to keep everyone involved protected, while still providing the knowledge and expertise you expect.
Here’s what to expect:
All in-person Open Houses are prohibited.
Showings by appointment are permitted.
We will maintain a minimum of six feet apart at all times.
We will use personal protective equipment and sanitize our hands before and after any showings.
We will avoid shaking hands.
Expect a limit on the number of persons that can attend a showing.
We will encourage the avoidance of touching any surfaces in the home, eg. light switches, door handles, door handles and cabinet doors.
We will not allow the use of any bathroom facilities at the property.
We will not share the use of any electronics (phones, tablets etc.), pens or any other personal property during the showing.
We will comply with requirements of the seller during the showing.
With the use of virtual showings or in-person safe showings as a way to see and view properties, your buying or selling journey might be different, but not diminished.
If you have any questions about how the process might work, don’t hesitate to contact us, we’ll be able to guide you through the whole process. With For Sale On Georgian Bay, we’ll be with you – every step of the way.
December 9th, 2020 was a special day for everyone at For Sale On Georgian Bay!
Community is at the core of everything that we’re trying to achieve and believe in. With the help of our Families, Friends and Clients, we are able to give back to our community in the sum of $20,000 to the Salvation Army’s Food Bank.
This year, the food bank has been used more than ever and we hope that this will be able to bring some cheer to the tables of those in need this Christmas.
A look back at October 2020 compared to September 2020 and why it’s a great time to list your Property for Sale.
Halloween has come and gone and we’re now on the countdown to Christmas! The biggest gift this holiday season could very well be the value of your home. As we transition into the winter months, we’re seeing a big spike in sales prices compared to September.
The housing market rebounded very well during the summer months of Covid 19 and we’re optimistic about a strong winter market. This trend has continued into October and we’ve actually seen, on average a 17.93% raise in the sales prices of home sales in Midland, Penetanguishene, Tiny Township and Tay Township.
As to be expected, we did see a drop across our communities in the number of houses sold. The beginning of the fall season, kids returning to school and a change in weather are all examples of why we see this drop year over year. Having said that, sales in Midland stayed true to the number of homes sold in September with just 1 less home sold throughout the month.
The lower amount of properties on the market has seen a big spike across the region for sales prices. Tay Township alone saw a rise in the average price from $428,129 to $619,177 in October.
We are still seeing a shortage of inventory on the market. Bearing in mind that despite there being fewer homes available, there has been an increase in sale prices – this means that it’s a GREAT time to list your property for sale.
Lower inventory and motivated buyers drives the prices of property up and right now, we have both in our community. Now is the perfect time to list your property for sale with For Sale On Georgian Bay.
A look back at September 2020 compared to August 2020 and why it’s a great time to list your Property for Sale.
The housing market in Barrie has continued to rebound during Covid-19 as Barrie saw consistency for both the number of properties sold in September and the Sale Price too. Barrie saw a rise of 3.8% during September 2020 as 329 properties were sold. A small increase on the sale prices too at 0.07% with the average sale coming in $567,916 compared to $567,469 of August.
Simcoe County (Excluding Barrie) saw a small raise for sales prices at $656,752 – that’s a 0.96% increase compared to August.
Large numbers of properties were sold across Simcoe, with just over 700 homes being sold. Despite the large volume of homes sold, we did see 10.91% decrease compared to the 788 homes sold in August.
All this points to it being a great time to sell you home, there are clearly motivated buyers out there, home prices are trending upwards and there’s been a small drop in inventory so you’ll face less competition on the market.
As October nears, so does the Canadian Cancer Society’s Breast Cancer Awareness Month. This year, For Sale On Georgian Bay will be proudly supporting this amazing cause for the month of October.
We will be turning all of our For Sale signs across the community bright pink along with all of our social platforms, so be on the look out as we help raise awareness about Breast Cancer. Special mention to North Simcoe signs in Midland who were incredibly kind and generous in donating 50% of the printing costs of our Pink Signs. Thank you for your help and support towards this cause.
Did you know that the latest stats from the Canadian Cancer Society indicate that 1 in 8 women will develop Breast Cancer. Awareness and early detection is crucial, combine that with the better therapies that we have access to now, means that we’ve seen a 44% decline in the Breast Cancer death rate since 1988. Despite this, the number of Breast Cancer diagnoses is estimated to increase 25% between 2015 and 2030 and that’s why it’s so important to support Breast Cancer Awareness Month.
We will be rolling out different fundraising campaigns across the month of October and making regular donations in aide of the Canadian Cancer Society so stay tuned, get involved and think PINK!