SEPTEMBER 2008

MONTHLY SALES FIGURES

“There are three kinds of lies: lies, damned lies and statistics."
- Autobiography of Mark Twain

Wise words indeed especially when statistics are used by a politician to justify a point of view! However in local real estate statistics can be revealing. The words “credit crunch” appear everyday in the media and we are all well aware of the predicament the USA housing market finds itself in.

The Canadian press is not immune to talking up a problem with real estate here as well. Actual sales figures for Wasaga Beach and Collingwood reveal a different picture. 2007 was without doubt a boom year and the figures unsustainable unless we wished to see a “bubble” effect with the inevitable crash.
As the official numbers from the Georgian Triangle Real Estate Board “MLS Statistics Report” show in both Wasaga Beach and Collingwood the average sales price per property sold so far in 2008 compared to 2007 has increased; Collingwood has seen a increase of over 13%. In Collingwood the number of sales is down a mere 1.5% year on year. In Wasaga Beach unit sales are almost exactly the same as in 2006; the average price in Wasaga beach is up 15% from 2006.

I don't wish to send you to sleep with figures but please do get in contact if you wish further details. The statistics can be drilled down a great deal more but suffice to say property is still increasing in price overall; list your house at a realistic price and it will sell.

andy@simplycondos.com