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.
Thursday, May 28, 2015
Is Now A Good Time To Sell Your Luxury Property?
To the end of April there have been 29 MLS® sales in our market over $750,000 in 2015 compared to 20 sales during the same period last year, an increase of 45%. There are currently 86 properties listed for sale in our area on the MLS®system of the Southern Georgian Bay Association of REALTORS ®. This represents an 11 month supply of available inventory listed for sale in our area above $750,000. Typically this number has represented a three year or greater inventory of available high-end housing inventory so as in the market overall, we have seen a sharp reduction in the amount of available houses listed for sale in the upper price ranges of our market.
Is now a good time to consider selling? Seemingly so, sales are up and inventory is down. In virtually every price range, properties accurately priced to the market are selling quickly and some above the asking price stemming from multiple offers, a condition we rarely see in this market. That being said, higher priced properties do take longer to sell. Buyers in these price ranges are smart savvy shoppers. Many have built and or renovated properties in the past and they know the relative cost to build etc. They will not overpay making the pricing of your property all the more important.
If you are contemplating selling your upper end property whether it be a house or condominium I would be delighted to give you a no obligation assessment as to your property's current market value and how is should be presented and marketed to obtain the best possible selling price. Please feel free to contact me at your convenience any time, my cell number is 705-443-1037.