Collingwood / Georgian Triangle Market View - August 2009

Real estate sales across the Georgian Triangle trading area continued to rally during the month of August 2009 compared to the same period last year. Growing confidence in the economy overall has encouraged buyers to invest in recreational property across the area.

As was reported in the Georgian Triangle Real Estate Board's "Performance Record", 217 properties sold during the month of August 2009 compared to 167 properties during the same 31 day period in 2008. This represents a 29.94 percent increase. Sales reported for August were almost identical to sales reported for July when 218 properties traded hands. Year-to-date there were 6.3 percent fewer sales at the end of August 2009 (1205) compared to the same period in 2008 (1287).

The total dollar volume of real estate sold through the Georgian Triangle Real Estate Board's MLS system rose by 30 per- cent from $41,202,188 during the month of August 2008 to $53,746,603. The total dollar volume of real estate traded on a year-to-date basis at the end of August 2009 was 7.4 percent lower compared to the same period during in 2008. A total of 473 listings were introduced to the Georgian Triangle's MLS system during the month of August 2009 com- pared to 500 new listings during the month of August 2008. This represents a 5.4 percent decrease. The total number of new listings introduced to the board's MLS system year-to-date at the end of August 2009 was 4089. This represents a 3.6 percent decline in listings available to buy during the same period in 2008.

The average residential sale price year to date for all trading areas across the Georgian Triangle at the end of August 2009 was $278,115 compared to $278,888 for the same period last year. The most expensive trading area in which to purchase a property during the month of August 2009 was in the Town of the Blue Mountains where the average sale price was $386,035. The most affordable area in which to buy a property during the month of August was Tiny Township where the average sale price was $166,000.

As this report is being prepared (September 14, 2009), we have just begun the fall market and will wait to see if the healthy sales pace experienced over the past four to five months continues. As interest rates remain at historically low levels and confidence in the economy increases, we anticipate a busy fall real estate market across the area.

Prepared by: Justine Deluce, Vice President, Operations
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