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Thursday, June 8, 2017

Real Estate Sales Still Strong

Regional | by Mariane McLeod  

record amounts of money changing hands

The big drop in housing sales in Toronto has not been repeated here, and prices continue to rise.

The Southern Georgian Bay Association of Realtors says there was a small drop in the number of re-sale home sales in May, year-over-year, but this year was very close to a record-setter.

In the area from Meaford around the bay to Midland, 413 houses and properties were sold last month.

262 of those were in the area from Wasaga Beach through Clearview, Collingwood and into Blue Mountains. While that's down about four percent from last year, the Association says it's the second-busiest May on record.

The price paid in all those residential resale transactions in May was a record $183.1 million, up 29.8% per cent from May 2016.

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