TheHomeHuntwith Bruce Johnson

MARKETREPORT

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JANUARY2013

Wasaga Beach•Collingwood•Blue Mountain•Tiny Beaches

The average sale price for residential listings in the Georgian Triangle for last month was $377,711 compared with $357,093 for the same period 12 months ago.

There were 73 residential sales compared to 60 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 Bruce Johnson 2013.

This Month Same Month Last Year

Difference in # of units

% of Change

Remarks

Total Sales 113 103 10 9.7% More sales than 12 months ago

New Listings 570 508 62 12.2% More listings than 12 months ago

Active Listings 1876 1774 102 5.7% More active listings than 12 months ago

Residential Sales for January

Residential Listings for January

Housing Market Indicators

BRUCE’S MARKET INFORMATION PAGE2

Bruce’s Market Notes:

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

0 6 12 18 24 30

6

21

171

17

8

19

112

8

Clearview

Collingwood

Blue Mtn

Tiny Beaches

Wasaga Beach

2013 2012

0 20 40 60 80 100

44

71

655

84

31

65

463

80

Clearview

Collingwood

Blue Mtn

Tiny Beaches

Wasaga Beach

2013 2012

This chart breaks down total property sales for the month into price ranges so that the most popular (highest selling) price ranges can quickly be determined. Properties in the $150,000 to $200,000 price range produced the highest sales volume. The mix between sales of higher-priced versus lower-priced properties directly affects the average monthly selling price.

BRUCE’S MARKET INFORMATION PAGE3

January Sales By Price: 2013 & 2012

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

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Under 100,000

100,000 - 149,999

150,000 - 199,999

200,000 - 249,999

250,000 - 299,999

300,000 - 349,999

350,000 - 399,999

400,000 - 499,999

500,000 - 599,999

600,000 - 699,999

700,000 - 799,999

800,000 - 899,999

900,000 - 999,999

1,000,000 - 1,499,999

1,500,000 +

0 4 8 12 16 200

4

0

1

0

2

2

11

9

10

17

20

13

10

4

1

1

4

0

1

5

3

3

13

12

20

18

17

9

6

2013 Month 2012 Month

BRUCE’S MARKET INFORMATION PAGE4

Average Monthly Residential Sale Price

Average Annual Residential Sale Price

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

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$0 $100,000 $200,000 $300,000

$320,730

$324,355

$315,105

$273,263

$261,557

$289,592

$270,177

2012 2011 2010 2009 2008 2007 2006

$200,000

$250,000

$300,000

$350,000

$400,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2012 2011 2010 2009

BRUCE’S MARKET INFORMATION PAGE5

Monthly Total Sales Volume

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

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*Sales to Listing Ratio is calculated by dividing number of sales by 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 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%.

Sales to Listing Ratio

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2012 2011 2010 2009

0

10

20

30

40

50

60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2012 2011 2010 2009

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Total Sales - monthly

BRUCE’S MARKET INFORMATION PAGE6

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

32%

21%12%

5%

22%

8%

Single-Family Home Single Family Home - OtherResidential - Other FarmVacant Land Other (I.C. & I.)

55%23%

11%

5%4%2%

Active Listings

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BRUCE’S MARKET INFORMATION PAGE7

Average Sale Price: January 2013 /2012

*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”

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$0

$125,000

$250,000

$375,000

$500,000

$625,000

$750,000

$875,000

$1,000,000

$471,250

$255,843

$542,700

$925,000

$288,929$414,781

$316,416

$551,591

$281,000

$238,988Clearview

CollingwoodBlue Mtn

Tiny BeachesWasaga Beach

2013 month 2012 month

BRUCE’S MARKET INFORMATION PAGE8

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.

Absorption Rate for January# of All Active Listings 1876

# of All Solds Last Month 113

# of Months per Year 12

# of Solds x 12 Months 1356

Divide 12-month figure by 52 weeks 26.1

Active Listings divided by weekly units 72

Absorption Rate = 72 weeks(Last month = 95 weeks)

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

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

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Mary Johnson

Bruce Johnson

Certified Staging Professional Sales Representative

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705-429-4500 x226

RE/MAX OF WASAGA BEACH

INC. BROKERAGE

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Bruce JohnsonMary Johnson

TheHomeHunt Market Report is copyrighted by Bruce Johnson 2013.

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