Home sales in Collingwood and the surrounding municipalities continued to rise last month when compared year over year.
According to MLS data, there were 317 homes sold in the Southern Georgian Bay Region, and 201 of those were sold in the western half of the region including Collingwood, Wasaga Beach, Clearview Township, The Blue Mountains, Meaford, and Grey Highlands.
According to a press release by the Southern Georgian Bay Association of Realtors, this is only the fourth time in history sales have gone over 200 homes in September in the area.
For the region, this marks a 17.4 per cent increase over sales in September 2018, and in the west, it’s a 33.1 per cent jump over the same time last year.
Year-to-date, there have been 2,586 homes sold since January 2019, which is up by about 8.5 per cent over last year’s sales. Of those, 1,558 have been in the western region.
“Overall home sales continued to improve in September, with virtually all of the gains coming from the Western Region of the Association’s geographical coverage area,” said Stan Reljic, President of the Southern Georgian Bay Association of Realtors. “The rebound in activity in the Western District is in line with the trend across much of Ontario, where sales have finally begun improving following a tough couple of years in the wake of the Ontario Fair Housing Plan and B-20 stress test.”
There were 577 new residential listings in September 2019. This was an increase of 21.5 per cent on a year-over-year basis.
The dollar value of all residential transactions in September 2019 was $167.6 million, rising 25.2 per cent from this time in 2018. This was a new record for the month of September.
