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HomeHunt with Bruce Johnson

e Jo hnso Bruc

NOVEMBER 2012

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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 $347,475 compared with $310,029 for the same period 12 months ago. There were 83 residential sales compared to 102 sales 12 months ago. The majority of home sales continues to be below $300,000. All data provided by the Georgian Triangle Real Estate Board. Graphs copyrighted by

2

PAGE

Residential Listings for November 0

20 20

Clearview

40

80

100

28

Collingwood

45

Blue Mtn Tiny Beaches

60

55

38 32

3 3

Wasaga Beach

50 65

2012

2011

Residential Sales for November 0

8

24

32

40

7

Clearview

12

Collingwood

19 22

7

Blue Mtn Tiny Beaches

16

19

2

Wasaga Beach

Bruce Johnson 2012.

30 34

2012

2011

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

% of Change

Remarks

Total Sales

135

167

-32

-19.2%

Less sales than 12 months ago

New Listings

389

429

-40

-9.3%

Less listings than 12 months ago

Active Listings

2149

2010

139

6.9%

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

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PAGE

November Sales By Price: 2012 & 2011 Under 100,000

10

8

12

100,000 - 149,999

14 24

150,000 - 199,999

29

21

200,000 - 249,999

36 23

250,000 - 299,999

9

300,000 - 349,999

7

350,000 - 399,999

500,000 - 599,999

6

2 4

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

0 0 0

900,000 - 999,999

5

1

1

1,000,000 - 1,499,999

19

8

4

600,000 - 699,999

12

9 9

400,000 - 499,999

TheHomeHunt.com

2

0 0

1,500,000 +

0

27

8

16

2012 Month

24

32

2011 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”

40


BRUCE’S MARKET INFORMATION

4

PAGE

Average Monthly Residential Sale Price $400,000

$350,000

$300,000

$250,000

$200,000

TheHomeHunt

Jan

Feb

Mar

Apr

2012

May

Jun

2011

Jul

Aug

Sep

2010

Oct

Nov

Dec

2009

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

$150,000

2010

$200,000

2009

$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

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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

Apr

2012

May

Jun

Jul

2011

Aug

Sep

2010

Oct

Nov

Dec

2009

Sales to Listing Ratio 60 50 40 30 20 10 0

TheHomeHunt Jan

Feb

2012

Mar

Apr

May

2011

Jun

Jul

Aug

2010

Sep

Oct

Nov

Dec

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”


BRUCE’S MARKET INFORMATION Active Listings

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PAGE

Total Sales - monthly

7% 6%

7%2%

21% 5%

31% 6%

25% 13%

55%

23%

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

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

TheHomeHunt

$600,000

$500,000

$400,000

$649,500 $300,000 $484,421 $200,000

$309,929 $262,729$293,547 $247,617 $228,500

Clearview

Collingwood

Blue Mtn

$297,428 $282,783

$100,000

$0

Tiny Beaches Wasaga Beach

2012 month

2011 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

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PAGE

Absorption Rate for November # of All Active Listings

2149

# of All Solds Last Month

135

# of Months per Year

12

# of Solds x 12 Months

1620

Divide 12-month figure by 52 weeks

31.2

Active Listings divided by weekly units

Absorption Rate = (Last month =

69

69 weeks 47 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 2012.

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


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November 2012