Issuu on Google+

TheHomeHunt

with Bruce Johnson

e Jo hnso Bruc

FEBRUARY 2013

n

T E K MAR T R O REP •C Wasaga Beach

ollingw

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 $334,101 compared with $324,557 for the same period 12 months ago. There were 81 residential sales compared to 106 sales 12 months ago. The majority of home sales continues to be below $300,000.

Residential Listings for February 0

6

12

18

24

14

Collingwood Blue Mtn Tiny Beaches

30

7

Clearview

26 25

11 12 1

Wasaga Beach 23

2013

28

2012

Residential Sales for February 0

20 22

Clearview Collingwood

40

60

80

100

43 54

Blue Mtn Tiny Beaches

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

2

PAGE

73

40 47

6 5

Wasaga Beach

65

Bruce Johnson 2013.

87

2013

2012

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

% of Change

Remarks

Total Sales

124

131

-7

-5.3%

Less sales than 12 months ago

New Listings

405

508

-103

-20.3%

Less listings than 12 months ago

Active Listings

1819

2055

-236

-11.5%

Less 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

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

8 8

100,000 - 149,999

13 11 14

150,000 - 199,999

17 22

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

30 28

20 12

300,000 - 349,999

13

7 7

350,000 - 399,999

11

400,000 - 499,999

1

500,000 - 599,999

3

600,000 - 699,999

4

700,000 - 799,999

1

800,000 - 899,999

1 1

1,000,000 - 1,499,999

0 0 0

1,500,000 +

0

900,000 - 999,999

0

12

5

2

3 1

TheHomeHunt.com 6

12

2013 Month

18

24

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 $250,000 to $299,000 price range p roduced the h ighest sales volume. The m ix between sa les of higherpriced versus lower-priced proper ties dir affects the av ectly erage monthly selling price.

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

30


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

9% 2% 2%

5% 23%

10%

34% 5%

23%

14%

53%

19%

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 for 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: February 2013 /2012 $1,100,000

TheHomeHunt

$962,500

$825,000

$687,500

$623,909

$550,000

$1,100,000

$301,843

$319,595

$412,500

$533,975

$371,743

$272,108

$275,000

$271,868 $137,500

Clearview Collingwood

$271,410

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 February # of All Active Listings

1819

# of All Solds Last Month

124

# of Months per Year

12

# of Solds x 12 Months

1488

Divide 12-month figure by 52 weeks

28.6

Active Listings divided by weekly units

Absorption Rate = (Last month =

64

64 weeks 72 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


the

HomeHunt RE/MAX OF WA SA GA BE AC H INC . BR OK E R A GE

hnson Mar y Jo ssional ing Profe g ta S d e Certifi

hnson Bruce Jo ve presentati Sales Re

705-429-4500 x226

Click for contact info

Click here for client reviews

仝 仝 仝

Mary Johnson

Bruce Johnson

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


TheHomeHunt

with Bruce Johnson

e c n e i r e p g Ex n i v o M A

Call Bruce about listing the house 705-429-4500 x226

www.TheHom

eHunt.com


February 2013