Not only has the local real estate market come back from a COVID lull, last month brought more sales for the Southern Georgian Bay region than any month ever.
According to the Southern Georgian Bay Association of Realtors (SGBAR), sales this July were 57.6 per cent above sales recorded in July 2019.
“Sales activity increased dramatically across the Southern Georgian Bay region in July.” said Mike Scholte, president of SGBAR. “This past month had the highest number of home sales since June 2016, setting a new single-month record. New listings increased slightly year over year, posting the largest number added in the month of July in more than five years.”
Based on MLS data compiled by SGBAR, there were 594 homes sold in the region last month.
Of those, 369 were sold in the western part of the region, which includes Wasaga Beach, Collingwood, Clearview, The Blue Mountains, Meaford, and Grey Highlands.
July 2020 sales for the west increased by 70 per cent over July 2019 sales.
The boom last month has also brought year-to-date totals up to 1,219 units, or 6.9 per cent higher than this time in 2019. At the start of the pandemic, those year-to-date numbers started to fall behind.
The eastern part of the region, including Midland, Penetanguishene, Tay, Tiny, Severn, and Georgian Bay also saw an increase with 225 units sold in July 2020, a near 40 per cent increase over July 2019. Year-to-date- sales are up 11 per cent in the east.
So far this year there have been 2,094 units sold in the entire region, an increase of 8.6 per cent compared to the same period last year.
Active residential listings remain below 2019 levels with 910 units listed at the end of last month, which is down by 37 per cent compared to July 2019.
According to the stats compiled by SGBAR, home sales for July 2020 in the region totalled $384.6 million, which is double (101.3 per cent) the value of homes sold in July 2019.
“This was a new record for the month of July and was also the largest dollar value of homes sold for any month in history,” stated a press release from SGBAR.
