The first warm days are upon us and with a few announcements from the Bank of Canada about interest rate increases, the spring market across Canada is seeing an uptick of listings, which is a welcome sight to buyers who have been waiting in the wings. Here in Southern Georgian Bay however, 2022 Q1 showed a decrease of 8% from the amount of listed properties in the same period in 2021, the demand remains high here at home.
Thinking of selling, but unsure how to navigate all the different components? I recently had the privilege of sharing how Collaborative Real Estate can help in situations where there is lots of moving parts, please do check out the article here: LINK
In Southern Georgian Bay here are some more highlights from the 2022 February Report.
- $1,077,755 – This is the new average sale price in Southern Georgian Bay in Q1 2022, To put it in perspective the average sale price for 2020 was $835.407
- $543,188,344– The amount of sales volume in Q1 2022 is up 3% from Q1 2021’s previous record of $527,141,694
- 103%- Sale/List Price Ratio – The new listings hitting the market are still being SOLD fairly quickly when combined with accurate pricing with properties lasting on average only 3-12 days.
If you are looking for some fun activities around town, the Great Easter Egg Hunt returns next Saturday, April 16th in Collingwood, check more local events on our website, collaborativerealestate.ca/events
The Backyard Glam Tour also returns this year, August 5th & 6th, as a proud sponsor of this local event showcasing professionally designed backyards in our area with a portion of proceeds going to local charities, I encourage you to check it out! Click Here for more information or to buy tickets!
Wishing you and yours a fantastic Easter and look forward to seeing everyone out and about this spring!
Karen 🙂