market update

Dec 10 No Comments

November Market Report In Our Communities & Barrie

Author: Robert

Categories: Uncategorized

A look back at November 2020 compared to October 2020 and why it’s a great time to list your Property for Sale.

We’re counting down the days to Christmas after this long year! The biggest gift this holiday season could very well be the value of your home. As we transition into the colder months, we saw a big spike in sales prices through October. Entering November these numbers across our community held pretty consistent as we saw just a 4.2% decrease in Sales Prices. When we compare that to the same time last year, November 2020 see’s a 23% increase across Midland, Penetanguishene, Tiny and Tay. A continued, very impressive rebound from Covid-19.

The number of sales across our communities saw a decrease month over month and year over year. This is evident in our 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!

Average stats combined from Midland, Penetanguishene, Tiny Township and Tay Township

Nov 11 No Comments

October Market Report In Our Communities

Author: FSOGB Admin

Categories: Market Report,Our Community

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.

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 11, 2020, data gathered by the Ontario Collective based on October 2020 vs November 2020.

Aug 21 No Comments

Market Report In Our Communities

Author: FSOGB Admin

Categories: Market Report,Our Community,Real Estate News

A look back at July 2020 compared to July 2019 and why it’s a great time to list your Property for Sale.

As those summer nights are slowly drawing shorter, we all start to look forward and plan the rest of the year. There’s lots going on, things are returning to normal more and more everyday, the kids will be going back to school before we know it.

Despite everything going on, the housing market has continued to rebound during Covid 19 and we’ve actually seen, on average a 28.9% raise in the amount of home sales in Midland, Penetanguishene, Tiny Township and Tay Township. Looking back at July 2019, there were significant raises across our area in the number of homes being sold in July 2020, Penetanguishene alone saw a 50% raise.

It’s not just the amount of homes that has risen, house prices are also going up. The sale price of Homes in July 2020 has increased, on average 25% between Midland, Penetanguishene, Tiny and Tay. Homes in Midland have risen to on average $493,539 as a final sale price.

Whilst the number of homes and the sale price have both risen, there has been a dramatic decrease for inventory in our Community at -39.6%. Bearing in mind that despite there being fewer homes available, there has been an increase in Sale Price and Homes Sold – 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.

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 2, 2020, data gathered by the Ontario Collective based on July 2019 vs July 2020.

Jul 12 No Comments

Toronto Home Prices In June Exceed Pre Covid Levels

Author: Robert

Categories: Real Estate News

We like to keep our finger on the pulse of what is happening in the GTA so that we can be prepared for when those trends filter north and all the way to Georgian Bay.

The Toronto Region housing market recovered considerably in June following a significant slowdown due to COVID-19. As cases started to decline across the province and the economy began to open up, more buyers and sellers jumped off the sidelines and returned to the market, kickstarting sales recovery. Similarly, average home prices continued on a steady upward trajectory, lapping February 2020 levels. This is significant as February was the last full month before COVID-19 health and safety measures were introduced.

TREB noted there were 8,701 home sales across the Toronto Region in June – representing a striking 89% increase since May. Compared to February 2020, home sales across the Toronto Region grew 20%. New listings picked up across the region in June and exceeded June 2019 levels by 2%. New listing growth was significant on a m-o-m basis as well, with a 77% increase, and grew 52% since February.

So what does this mean for you? Based on the recent traction we are seeing in the market, although demand is not quite at pre-emergency levels, it certainly feels as though we are heading back in that direction. Inventory is growing again in the Southern Georgian Bay region and the demand for property is growly at a daily rate, especially as those looking to move north are selling their GTA properties.

Your best bet at staying informed is always to reach out to Adam, Eric or Kelly.

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Tag: <span>market update</span>

November Market Report In Our Communities & Barrie

October Market Report In Our Communities

Market Report In Our Communities

Toronto Home Prices In June Exceed Pre Covid Levels

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