TheHomeHunt
with Bruce Johnson
e Jo hnso Bruc
JUNE 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 $310,482 compared with $294,648 for the same period 12 months ago. There were 135 residential sales compared to 115 sales 12 months ago. The majority of home sales continues to be below $300,000.
Residential Listings for June 0
12
24
36
48
60
15 12
Clearview Collingwood
33
Blue Mtn 1
Tiny Beaches
38
20
9 4
Wasaga Beach 47
2013
52
2012
Residential Sales for June 0
20
40
60
80
100
39 38
Clearview Collingwood Blue Mtn Tiny Beaches
All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by
2
PAGE
48 13 10
62
76 74
Wasaga Beach
Bruce Johnson 2013.
2013
2012
139 109
Housing Market Indicators This Month Same Month Difference Last Year in # of units
% of Change
Remarks
Total Sales
192
166
26
15.7%
More sales than 12 months ago
New Listings
566
576
-10
-1.7%
Less listings than 12 months ago
Active Listings
2421
2570
-149
-5.8%
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
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PAGE
June Sales By Price: 2013 & 2012 8
Under 100,000
15
100,000 - 149,999
15
17
150,000 - 199,999
24
30
200,000 - 249,999 250,000 - 299,999
31
41
33 33
16 16
300,000 - 349,999
12 12
350,000 - 399,999 400,000 - 499,999 500,000 - 599,999 600,000 - 699,999
2
700,000 - 799,999
2
800,000 - 899,999
0 0 0
900,000 - 999,999 1,000,000 - 1,499,999
0 0
1,500,000 +
0
6 6
9 9
15
3
1
1
TheHomeHunt.com
1 10
20
2013 Month
30
40
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 $200,000 to $250,000 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”
50
BRUCE’S MARKET INFORMATION
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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
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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
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PAGE
Total Sales - monthly
6%
6%2% 4%
20% 16%
35%
6% 14%
21%
52%
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: June 2013 /2012 $500,000
$437,056
TheHomeHunt
$429,286
$437,500
$375,000 $316,186 $312,500 $263,600
$265,088 $250,000
$420,717 $278,818
$187,500 $282,511
$214,000
$270,149
$125,000
$62,500
Clearview Blue Mtn
2013 month
$0
2012 month
Wasaga Beach
*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
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Absorption Rate for June # of All Active Listings
2421
# of All Solds Last Month
192
# of Months per Year
12
# of Solds x 12 Months
2304
Divide 12-month figure by 52 weeks
44.3
Active Listings divided by weekly units
Absorption Rate = (Last month =
55
55 weeks 44 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.
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