Sutton Group Incentive Realty Inc.,Brokerage*

Phone:
705-739-1300
Fax:
705-739-1330
Contact Us

September Housing Statistics - Southern Georgian Bay

Southern Georgian Bay Association of REALTORS®

 

Southern Georgian Bay home sales set new monthly record in September

Chart resi 0Chart resi 1Chart resi 2Chart resi 3Chart resi 4

Chart 0Chart 1Chart 2Chart 3Chart 4

Char 0Char 1Char 2Char 3Char 4

 

Residential sales recorded through the MLS® system for the Southern Georgian Bay region totaled 627 units in September 2020, advancing 57.9% from September 2019. This was also a new sales record for the month of September.

 

On a year-to-date basis, home sales totalled 4,054 units over the first nine months of the year. This was an increase of 24.2% from the same period in 2019.

 

The Southern Georgian Bay region comprises two distinctive markets.

 

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 333 units in September 2020. This was a large gain of 49.3% from September 2019 and was also a new sales record for the month of September.

 

On a year-to-date basis, home sales in the Western Region numbered 2,105 units over the first nine months of the year. This was an increase of 21.1% from the same period in 2019.

 

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 294 units in September 2020. This surging by 69% from September 2019. This was also a new sales record for the month of September.

 

On a year-to-date basis, home sales in the Eastern Region numbered 1,949 units over the first nine months of the year. This was an increase of 27.6% from the same period in 2019.

 

“Georgian Bay market activity continued to outperform expectations in September.” said Mike Scholte, President of the Southern Georgian Bay Association of REALTORS®. “The combination of a smaller number of new listings and better than average demand for this time of year continue to contribute to an already historically tight market.”

 

There were 729 new residential listings in September 2020. This was down 8.1% on a year-over-year basis.

 

Active residential listings numbered 806 units at the end of September. This was a large decline of 54.5% from the end of September 2019.

 

Months of inventory numbered 1.3 at the end of September 2020, down from the 4.5 months recorded at the end of September 2019 and below the long-run average of 6.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

 

The dollar value of all residential transactions in September 2020 was $445.2 million, more than double the levels from a year earlier, surging 100.7% from this time in 2019. This was also a new record for the month of September.

 

Sales of all property types numbered 729 units in September 2020; was a large increase of 70.3% from September 2019. The total value of all properties sold was $499.3 million, more than double the levels from a year earlier, climbing 111.5% from September 2019.

 


BOARD & ASSOCIATION INFORMATION

Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from the Greater Toronto Area, the area is one of Canada’s premier four season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices. The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships Tay, Tiny, Severn, and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands.

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.


logo Coll lores

SOUTHERN GEORGIAN BAY ASSOCIATION OF REALTORS®

Visit external site
For more information,
please contact:
(705) 445-7295
info@sgbrealtors.com

President
Mike Scholte


The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Southern Georgian Bay Association of REALTORS®. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Southern Georgian Bay Association of REALTORS® assumes any responsibility or liability. Copyright ©2020. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Have Questions?

By submitting this form, you are providing express consent to receive commercial electronic messages from www.suttonincentive.ca. You may unsubscribe at any time.