mycollingwood.ca - you are here
mycollingwood.ca - make us your homepage
        
mycollingwood.ca - the place to be in Southern Georgian Bay

Real Estate Update - May 2006 (Posted On: Tuesday, May 02, 2006)

 Decrease font 

Resales are having a strong first quarter both in Collingwood and Town of the Blue Mountains! Collingwood remains almost even with last year at 68 sales, which is a healthy 52% of listings selling, and TBM has strengthened with 39 sales (vs only 25 in 1st quarter 2005) reflecting 38% of listings selling. The average sale price for Collingwood is up 7.6% and for TBM up 6.8%. Of note, so far this year, there's been just one over million dollar resale, and putting our money where our mouth is, it was a home in Nippissing Ridge purchased by a local Realtor!

Seen, read, heard and believed to be true: there are now 26 separate and new residential development projects in the works in the area as well as numerous new commercial developments including Home Depot, Cranberry Mews and Business Centre, and a new super store on the old Canadian Tire site; Blue Mtn/Intrawest will expand the south end into 6 new runs in the next 2 years; Mosaic, the newest building, launched in April and has sold 64 out of 81 units.

Sherry Cooper, Chief Economist of BMO Nesbitt Burns, writes about 2006: "Canadians will continue to enjoy solid growth, strong profits, low domestic inflation, rising incomes and strong trade balances - clearly a sunny outlook!"

Hosted by NAR (the National Association of Realtors, US) our Board's Exec. Officer just took part in a conference and brought back the following very interesting information:

  • identity theft has doubled over the past 12 months effecting 53 million Americans and proceeds surpass drug dealing!
  • average cost to protect 1 individual = $1,600
  • applications/software are the most at risk as manufacturers do not do a good job with protection
  • attacks will become more sophisticated
    • phishing will focus on individuals
    • mobile messages (ie. cell phones, PDA's and smart phones) will become a target
    • threats will aim at applications/software versus operating systems
    • spyware will become more sophisticated
    • spyware will become more sophisticated
    • extortion will increase (ie. websites will be taken down and businesses will be blackmailed (ie. businesses are to send significant amount of money or their website will continue to be attacked until the company is out of business)
  • Consumers Use the Internet
    • 77% of buyers searched for a home in 2005 (41% in 2001)
    • 24% first found their home on the internet in 2005 (8% in 2001)
  • Internet is not Displacing REALTORS┬« (FSBO means For Sale By Owner)
    • unassisted seller (FSBO) market share is 13% (20% in 1987)
  • REALTORS┬« Deliver Consumer Value
    • agent assisted average sale is $230,000
    • unassisted (FSBO) average sale is $199,000

This means that even paying a 6% real estate marketing commission, a Seller using a Realtor puts $17,200 MORE $$ in his own hand, doesn't do all the work and doesn't pay for advertising!! Hmmmm...........

All the best! Jane & Steve

NOT MEANT TO SOLICIT PROPERTIES NOR PERSONS UNDER CONTRACT WITH A REALTOR.

Share

©2017 SuiGeneris Marketing. All Rights Reserved. Terms of Use  |  Privacy

mycollingwood.ca is not responsible for any errors or omissions. Please notify us of any changes.

Register
Community Photo Gallery
Visit Area Attractions
Double Dollars on mycollingwood.ca
Area Events