Collingwood / Georgian Triangle Market View - March 2010

The Georgian Triangle Real Estate Board has published real estate sales results for the month of March 2010. March produced some very strong results with respect to sales through the MLS system across the area.

A total of 200 properties were traded through the Georgian Triangle's MLS system during the month of March 2010. This represents an amazing 89% increase compared to sales for the same month in 2009. The total number of sales year to date at the end of March 2010 was 388 compared to 235 during the same period in 2009. This represents a 65% increase.

The number of new listings introduced to the board's MLS system increased in March 2010 compared to the same month in 2009 from 500 to 614. This represents an increase of 23% in inventory. The total number of listings available on the MLS system year to date at the end of March 2010 was 1457 compared to 1360 at the end of the same period in 2009. This represents an 11% increase.

The most number of sales last month took place in Wasaga Beach with a total of 41 transactions. The second most active trading area within the Georgian Triangle's trading area in March 2010 was the town of Collingwood with a total of 33 properties trading hands. The third most active area in March 2010 was the Town of Blue Mountains where 19 properties traded hands.

The total dollar volume of real estate sold last month increased by an amazing 150% from $22,826,472 in March 2009 to $57,114,570.

The average sale price for all trading areas across the Georgian Triangle during the month of March 2010 was $314,781 compared to $253,152 during the same month in 2009. This represents a 24% increase. The average sale price at the end of March 2010 year to date increased 12% from $267,247 in 2009 to $300,518.

The most expensive area in which to buy a property during the month of March 2010 was in the Town of Blue Mountains where the average sale price was $590,342. The least expensive area in which to buy a property last month was in Mulmer where the average sale price was $236,751.

A total of 2 properties have sold year-to-date above the $1 million mark as of March 31, 2010 through the Georgian Triangle's MLS system.

The sales results as outlined above are a significant improvement over performance results achieved during the same period in 2009. As interest rates begin to rise (although to still historical low levels) and the looming deadline of the implementation of the HST approaches (July 1, 2010), would-be buyers who have not yet bought may be encouraged to get into the marketplace sooner rather then later.

Prepared by: Justine Deluce, Vice President, Operations
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