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th e

HomeHunt with Bruce Johnson

e Jo hnso Bruc

AUGUST 2012

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

2

PAGE

Residential Listings for August

Bruce’s Market Notes:

0

20

Wasaga Beach

46 6 6

64

74

Georgian Triangle for last

111

month was $328,423 compared

2012

with $329,882 for the same

2011

Residential Sales for August

period 12 months ago. There were 149 residential sales

0

12

compared to 99 sales 12 Clearview

months ago. The majority of home sales continues to be

Wasaga Beach

36

48

60

12

Blue Mtn Tiny Beaches

24

4

Collingwood

below $300,000. All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by

100

80

56

Blue Mtn

residential listings in the

80

48

Collingwood

Tiny Beaches

60

24

Clearview

The average sale price for

40

5 3

10

42

18 20

Bruce Johnson 2012.

37

2012

56

2011

Housing Market Indicators This Month Same Month Difference in

% of

Last Year

# of units

Change

Remarks

Total Sales

200

171

29

17.0%

More sales than 12 months ago

New Listings

542

569

-27

-4.7%

Fewer listings than 12 months ago

Active Listings

2515

2427

88

3.6%

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

August Sales By Price: 2012 & 2011 10

Under 100,000

16

100,000 - 149,999

16

20 31 32

150,000 - 199,999 200,000 - 249,999

36

29

250,000 - 299,999 300,000 - 349,999 350,000 - 399,999

10 8

400,000 - 499,999 500,000 - 599,999 600,000 - 699,999 700,000 - 799,999

3

800,000 - 899,999 900,000 - 999,999

0

13 12

32

13

8

5 5

2

27 27

TheHomeHunt.com

4

2 2 2 3 3

1,000,000 - 1,499,999

0 0

1,500,000 +

0

8

16

2012 Month

24

32

2011 Month

This chart bre aks down tota l property sale for the month s into price ran ges so that th most popular e (highest sellin g) price rang can quickly b e s e determined . Properties in the $200,000 to price range p roduced the h $250,000 ighest sales volume. The m ix between sa les of higherpriced versus lower-priced properties directly affec ts the averag e monthly sellin price. g

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

40


BRUCE’S MARKET INFORMATION

4

PAGE

Average Monthly Residential Sale Price $400,000

$350,000

$300,000

$250,000

TheHomeHunt

$200,000

Jan

Feb

Mar

2012

Apr

May

Jun

2011

Jul

2010

Aug

Sep

Oct

Nov

2009

Dec

Average Annual Residential Sale Price $324,355 $315,105 $273,263 $261,557 $289,592 $270,177 TheHomeHunt $0

2012

$243,268

$50,000

2011

$100,000

2010

$150,000

2009

$200,000

$250,000

2008

$300,000

2007

$350,000

2006

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


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 TheHomeHunt

$0 Jan

Feb

Mar

2012

Apr

May

2011

Jun

Jul

2010

Aug

Sep

Oct

2009

Nov

Dec

Monthly Total Sales Volume Since 2005 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 TheHomeHunt

$0 Jan

Feb

2012

Mar

Apr

2011

May

Jun

Jul

2010

Aug

Sep

Oct

2009

Nov

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

Dec


BRUCE’S MARKET INFORMATION Active Listings

6

PAGE

Total Sales - monthly

7%1% 5%

6% 22%

9%

32%

15%

6% 13%

63%

21%

TheHomeHunt

Single-Family Home Residential - Other Vacant Land

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

Sales to Listing Ratio 60 50 40 30 20 10 TheHomeHunt

0 Jan

Feb

2012

Mar

Apr

May

2011

Jun

Jul

Aug

2010

Sep

Oct

Nov

2009

*Sales to Listing Ratio is calculated by dividing the number of sales by the 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 that it is 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”

Dec


BRUCE’S MARKET INFORMATION

7

PAGE

Average Sale Price: August 2012 /2011 $700,000

TheHomeHunt

$600,000

$500,000

$400,000

$625,364 $527,588

$300,000

$611,167 $487,000

$323,250 $292,948

$200,000 $283,507 $276,750 $277,071 $272,344

Clearview

Collingwood

Blue Mtn

2012 month

$100,000

$0

Tiny Beaches

Wasaga Beach

2011 month

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

What’s My Home Worth? Click HERE to see an example of my free Market Evaluation of your home. 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 August # of All Active Listings

2515

# of All Solds Last Month

200

# of Months per Year

12

# of Solds x 12 Months

2400

Divide 12-month figure by 52 weeks

46.2

Active Listings divided by weekly units

Absorption Rate = (Last month =

54

54 weeks 63 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. A high absorption rate may indicate that the supply of available homes will shrink rapidly, increasing the odds that a homeowner will sell a piece of property in a shorter period of time. 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 the 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

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

hnson Bruce Jo ve presentati Sales Re

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仝 仝 仝

Mary Johnson

Bruce Johnson

TheHomeHunt Market Report is copyrighted by Bruce Johnson 2012.

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


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August 2012