The momentum in our local real estate market continued last month with the highest level of sales in any February since 2008. In my own little world here that spans about two square feet around my desk and computer, I can tell you that we’ve had a record number of enquiries from potential purchasers – far more than I think I’ve ever seen in a February in the last decade or more.
The Georgian Triangle area includes the communities of Clearview, Collingwood, Blue Mountain, Wasaga Beach, Grey Highlands, Meaford and surrounding areas such as Tiny, Springwater and Mulmur Townships to an extent.
Here are the highlights for our February real estate market:
NEW LISTINGS: The number of new listings this month were close to the same as in January. There were 503 properties listed for sale last month compared to 433 in February 2011; a 16% increase. There are currently 1981 active listings for sale on the Georgian Triangle MLS® system.
There were 128 sales in February; an increase of 23% over January and, 9.4% more than in February 2011. The 128 sales included 119 residential units of which 16 were condominiums.
The most active RESIDENTIAL price ranges were as follows:
$150,000 – $249,999 (44 sales)
$250,000 – $349,999 (34 sales)
$350,000 – 499,999 (18 sales)
There were 9 sales over $500,000 including 3 sales over $1 million.