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Friday, January 19, 2018

Strong Year For Home Sales

Regional | by Kevin Bernard  

Home sales in Grey Bruce totalled 3,118 units in 2017, second best year ever

Home sales in Grey Bruce slowed in December, but 2017 was still a strong year for real estate.

Figures released by the Realtors Association of Grey Bruce Owen Sound show 116 sales last month, which is down 21 percent from a year ago but still above the average for December.

President of the real estate board, Gail McCartney says on an annual basis, home sales totalled 3,118 units in 2017.

That was the second best year ever, down just 1.7% (54 sales) from the 2016 record.

The average price of homes sold in December 2017 was $320,712, up 15.7% year-over-year.

McCartney says the average annual price for 2017 was $299,953, rising 12% from all of 2016.

Overall supply stands at record lows.

Active residential listings totalled 507 units at the end of December, down 30% from December 2016.

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