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TheHomeHunt

with Bruce Johnson

e Jo hnso Bruc

JANUARY 2013

n

T E K MAR T R O REP •C Wasaga Beach

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in•Tiny a t n u o M e u l B ood•

Beaches


BRUCE’S MARKET INFORMATION

Bruce’s Market Notes: The average sale price for residential listings in the Georgian Triangle for last month was $377,711 compared with $357,093 for the same period 12 months ago. There were 73 residential sales compared to 60 sales 12 months ago. The majority of home sales continues to be below $300,000.

Residential Listings for January 0

6 6

Clearview

12

18

Blue Mtn Tiny Beaches

19 17

11

1 2

Wasaga Beach

24

30

8

Collingwood

21

17

8

2013

2012

Residential Sales for January 0

20

Clearview

31

40

Blue Mtn

46

5 3

60

80

100

44

Collingwood

Tiny Beaches All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by

2

PAGE

71 65 65

Wasaga Beach 84 80

Bruce Johnson 2013.

2013

2012

Housing Market Indicators This Month Same Month Difference Last Year in # of units

% of Change

Remarks

Total Sales

113

103

10

9.7%

More sales than 12 months ago

New Listings

570

508

62

12.2%

More listings than 12 months ago

Active Listings

1876

1774

102

5.7%

More active listings than 12 months ago

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”


BRUCE’S MARKET INFORMATION

3

PAGE

January Sales By Price: 2013 & 2012 Under 100,000

6

4

9

100,000 - 149,999

10

150,000 - 199,999

17

13

18

200,000 - 249,999 250,000 - 299,999

17

300,000 - 349,999

12

10

350,000 - 399,999

13

9 3

400,000 - 499,999 500,000 - 599,999

2

600,000 - 699,999

2

700,000 - 799,999 800,000 - 899,999

0 0

900,000 - 999,999

0

11

3 5

1 1 4 1

1,000,000 - 1,499,999 1,500,000 +

0 0

20 20

4

1

TheHomeHunt.com 4

8

2013 Month

12

16

2012 Month

This char t bre aks down tota l proper ty sa for the month les into price ran ges so that th most popular e (highest sellin g) price rang can quickly b es e determined . Proper ties in the $150,000 to $200,000 range produc price ed the highest sales volume. mix between T he sales of highe r-priced versu lower-priced s proper ties dir ectly affects th average mon e thly selling pri c e.

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”

20


BRUCE’S MARKET INFORMATION

4

PAGE

Average Monthly Residential Sale Price $400,000

$350,000

$300,000

$250,000

$200,000

TheHomeHunt

Jan

Feb

2013

Mar

Apr

May

2012

Jun

Jul

2011

Aug

Sep

Oct

Nov

2010

Dec

2009

Average Annual Residential Sale Price $320,730 $324,355 $315,105 $273,263 $261,557 $289,592 $270,177

$0

2012

$100,000

2011

2010

$200,000

2009

$300,000

2008

2007

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”

2006


BRUCE’S MARKET INFORMATION

5

PAGE

Monthly Total Sales Volume $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0

TheHomeHunt Jan

Feb

Mar

2013

Apr

May

Jun

2012

Jul

Aug

2011

Sep

Oct

Nov

2010

Dec

2009

Sales to Listing Ratio 60 50 40 30 20 10 0

TheHomeHunt Jan

Feb

2013

Mar

Apr

May

2012

Jun

Jul

2011

Aug

Sep

Oct

Nov

2010

Dec

2009

*Sales to Listing Ratio is calculated by dividing number of sales by number of listings and it lets us see what percentage of listings on the market are selling. Generally a sales-to-listing ratio of over 55% suggests a Seller’s Market and below 45% is thought of as a Buyer’s Market. A balanced real estate market is between 45% and 55%. The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”


BRUCE’S MARKET INFORMATION Active Listings

6

PAGE

Total Sales - monthly

4%2% 5%

8% 22%

11%

32% 5%

23% 12%

55%

21%

Single-Family Home Residential - Other Vacant Land

Single Family Home - Other Farm Other (I.C. & I.) TheHomeHunt

What’s My Home Worth? Click HERE to see an example of my free Market Evaluation of your home or visit www.TheHomeHunt.com

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”


BRUCE’S MARKET INFORMATION

7

PAGE

Average Sale Price: January 2013 /2012 $1,000,000 $925,000 TheHomeHunt

$875,000

$750,000

$625,000 $542,700

$471,250

$500,000

$375,000

$255,843 $551,591

$414,781

$288,929

$316,416

Clearview

$125,000

$281,000

Collingwood

$250,000

$238,988

Blue Mtn

$0

Tiny Beaches Wasaga Beach

2013 month

2012 month

*Average Sale Price refers to all residential property sales for the month indicated compared with the same month one year earlier.

The Home Hunt: 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226 “A Moving Experience”


BRUCE’S MARKET INFORMATION

8

PAGE

Absorption Rate for January # of All Active Listings

1876

# of All Solds Last Month

113

# of Months per Year

12

# of Solds x 12 Months

1356

Divide 12-month figure by 52 weeks

26.1

Active Listings divided by weekly units

Absorption Rate = (Last month =

72

72 weeks 95 weeks)

The Absorption Rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the total number of available homes by the average number of sales per month. The figure shows how many months it will take to exhaust the supply of homes on the market. Generally, any amount over 26 weeks is a buyer’s market and under 26 weeks is a seller’s market. Sellers should pay close attention to the absorption rate because it demonstrates how long it might take to sell their property. If the rate is low, it could indicate a seller’s market, allowing them to price their home at the higher end of their suggested range. Conversely, if the rate is high, the seller will need to price at the lower end of the range (or even below the range) to realize a sale in a shorter period. Buyers should monitor the absorption rate because if the market is heading into a time of low inventory (low rate), underbidding could be futile as they may find themselves in multiple offer situations. Conversely, if the absorption rate is high, chances are the buyer will have time to successfully offer a lower price without fear of competing offers. RE/MAX of Wasaga Beach Inc., Brokerage 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226


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TheHomeHunt Market Report is copyrighted by Bruce Johnson 2013.

RE/MAX of Wasaga Beach Inc., Brokerage 1263 Mosley Street, Wasaga Beach, ON L9Z 1A5 | 705-429-4500 x226


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January 2013