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. The regions has been recognized as 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 property or full time retirement residence.
Real estate Broker Rick Crouch with Royal LePAGE Locations North (Brokerage) represents discriminating buyers and sellers in their quest to buy or sell the area's premium properties in Collingwood, Wasaga Beach, the Blue Mountains, Grey Highlands and Clearview.
Monday, September 16, 2013
Southern Georgian Bay's Luxury Property Market
What constitutes a luxury property? From a monetary perspective we typically consider anything that falls in the top 10% of the market as being as being an upper end luxury property. In the southern Georgian Bay area that is any home or condo that is valued over $750,000. But value alone does not necessarily make a property worthy of a luxury home Carriage Trade designation.
The accompanying graph illustrates southern Georgian Bay luxury home and condo sales during the past 5 years. Just like the overall real estate market in general, this segment of the market took a downturn during the 2008 recession by has bounced back significantly since then.
In future postings I will share with you what today's luxury property buyers are looking for.