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Monday, February 11, 2019

Home Prices in Grey Bruce Increase, Sales Take a Dip

Grey Bruce | by Ken Hashizume  

The average home sold for $343,156 in January, up 8.5%; 114 units were sold in January, down 18.6%

The value of homes in Grey Bruce Owen Sound is up in January.

But the number of sales went down compared to the same time last year.

A report from the Realtors Association of Grey Bruce Owen Sound revealed that 114 units changed ownership.

That is down by 18.6 percent from January of 2018 but remains in line over a 10-year average.

They say there were 176 new residential listings, an increase of 15.8 percent year over year but it marked the lowest number of new supply to start the year.

The average price of a home sold in Grey Bruce Owen Sound last month was $343,156, an increase of 8.5 percent compared to January of last year.

But the dollar value of all home sales in that same period was $39.1 Million, a drop of 11.7 percent from January of 2018.

Sales of all property types numbered 154 units this past January, down 8.9 percent (15 sales) from January 2018.

The total value of properties sold rose 13.2 percent to $57.8 Million.

 

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