3rd Quarter Real Estate Market Report 2018
The end of the third quarter has ushered in cooler temperatures, brilliant colours and a subtle but interesting change in the real estate market. The number of listings has steadily risen with a 3.9 percent increase year over year. This is good news as it offers more inventory for buyers and keeps the market competitive. The Real Estate market in the Western Region of Southern Georgian Bay continues to hold its own. Sales in niche markets continue to be competitive as the number of listings continues to fall behind the demand. However, with the growth of new developments in the Western District, the availability is not as limited as in previous years, leading to a growth in the re-sale market, as individuals invest in the strong market. The average price of property has remained stable month to month and while not rising by earth-shattering amounts, it does continue to rise but only statistically at less than 1 percent from last year at the same time, in the Western District of Southern Georgian Bay. Indeed, while THE NUMBER OF listings did inch up in the Western District of Southern Georgian Bay, the PRICES on properties remained, not only competitive, but slightly on the rise.