Welcome to Southern Georgian Bay Carriage Trade Properties
The southern Georgian Bay region is renowned for its natural beauty, the Niagara Escarpment, crystal clear blue water, the world’s longest freshwater beach and unparalleled recreational amenities from boating to private ski clubs and world class golf courses. Long known as the ski capital of Ontario, southern Georgian Bay has been transformed into one of Canada’s premier four season recreational playgrounds offering the coveted lifestyle sought by many luxury home buyers seeking the relaxed sophistication reflected in the ultimate recreational or retirement residence.
Real estate Broker Rick Crouch with Royal LePAGE Locations North Realty represents discriminating buyers and sellers in their quest to buy and sell premium properties around southern Georgian Bay including Collingwood, Wasaga Beach, the Blue Mountains, Grey Highlands and Clearview.
Friday, February 10, 2017
A total of 162 sales were reported over $750,000 during 2016 on the MLS® system of the Southern Georgian Bay Association of REALTORS (SGBAR). Total dollar sales in this segment were $187.4 million which represents 18% of all MLS® sales in the region for 2016. It is important to note that this does not include any private sales, or sales made directly by builders and others that did not go through the MLS® system.
The Blue Mountains continues to lead other area municipalities by almost 50% with respect to the number of annual upper end home and condominium sales. A total of 60 properties sold in the Blue Mountains last year with prices ranging from $751,000 for a property in Thornbury to a $3.945 million waterfront estate near Georgian Peaks. MLS® residential sales in the Blue Mountains for these 60 properties totalled just under $76 million which is 37% of the total region's upper end market during 2016 both in terms of units sold and dollar volume. Buyers for these properties are often members of the area's private ski and golf clubs and these Buyers have a strong desire to be close to their respective clubs in developments such as Nipissing Ridge, Lora Bay, Windrose Estates and others. The Blue Mountains is also home to some of the area's finest waterfront properties.
Not so many years ago, it was hard to find a house priced above $750,000 in Collingwood. In 2009 I sold a non-listed home for $1.1 million. That same year there was only one MLS® sale in Collingwood of a residential property over $750,000. Times have changed as in 2016 there were 31 sales in the municipality placing Collingwood in the number two position in terms of unit MLS® sales for high end properties in the region. Sales prices ranged from $749,000 for a new home at the south end of Town to $2.33 million for a waterfront home in Princeton Shores. These 31 MLS® sales totalled $29.8 million and amounted to 19% of the region's upper end market. Of the seven municipalities covered in my analysis, Collingwood ranks 5th in average price for upper end homes sales with an average selling price for 2016 of $960,000.
During 2016, Clearview Township came in third in terms of the number of MLS® listings sold with 29 residential sales ranging from $760,000 to $2.9 million. Many of these sales were properties with larger acreages and highly sought after views of the surrounding countryside and or Georgian Bay. Although Clearview Township trails the Blue Mountains by over 50% in terms of the number of high end properties sold, Clearview is home to the highest average sale price in the upper tier market segment at $1.328 million which is primarily due to the larger property sizes associated with these homes.
The remaining municipalities of Grey Highlands, Meaford, Mulmur and Wasaga Beach each have their own share of higher priced residential properties and combined they accounted for a total of 42 MLS® sales in 2016, 26% of the overall market with a combined sales value of $42.3 million. These areas continue to grow in stature in terms of being desirable locations for more expensive residential properties and this trend will no doubt continue. For the foreseeable future however they will continue to play a smaller, less significant role in the rapidly growing demand for higher end homes and condominiums than we are experiencing in areas like the Blue Mountains and Collingwood stemming from vast array of recreational, cultural and other amenities that these municipalities offer.
As of this posting there are 134 active listings on the MLS® system of SGBAR which represents almost 10 months of available inventory based on the current annual rate of sales. Sales in this segment of the market naturally take longer, require added marketing emphasis and can not be treated the same as the sale of a run-of-the mill property typically found in large subdivisions. More on this in future posts.
If you are looking to list your current high end luxury home/condo or are contemplating the purchase of a special property, please feel free to Contact Me for a confidential discussion of your particular real estate needs and objectives and put my expertise to work for you.
Monday, June 22, 2015
Wednesday, June 10, 2015
Through the end of May there have been 40 sales reported though the MLS® system of the Southern Georgian Bay Association of REALTORS® above $750,000 compared to 28 sales in the same period last year. The Blue Mountains continues to be the hot bed for luxury upper end home sales with most buyers having a strong preference to be located close to Blue Mountain and the area's private ski clubs. Collingwood, and the Municipalities of Grey Highlands and Meaford are the other three areas where upper end home sales are currently the most prevalent. Sales in the $800,000 to $900,000 range are the most active this year with 12 sales through the end of May representing a 140% increase over the same period last year. Sales between $1 and $1.5 million total 9 properties year-to-date up 80% from the 5 sales in the first 5 months of 2014 while sales between $700,000 and $800,000 are up 50% year-to-date
In my next post I will talk further about the issue of pricing high end properties in order to attract a willing buyer.