Real Estate Market Report – Q2 2023 in Review – Discover the allure of Midland, Ontario, with our enticing properties crafted for your dreams.

0
Real Estate Market Report Q2 2023 in Review

Real Estate Market Report – Q2 2023 in Review – Discover the allure of Midland, Ontario, with our enticing properties crafted for your dreams.

In the interest of brevity, our focus for this report will be the three key trading areas and home types with which we have the most expertise: sales of residential condominiums and detached homes in The Blue Mountains, Collingwood and Clearview.  We also serve Wasaga Beach and Meaford and would be pleased to provide an analysis for those areas for you upon request.

At the end of Q1 2023, we had about 5 months of inventory (at the current pace of sales, how long to sell out all listings) and in both April & May, that dropped to 4 months but, with inventory increases, reverted back to 5 months in June.  The difference between the two quarters is an average of listings selling at 3% under their asking price, an improvement from the 4% under ask of Q1 and probably a result of Sellers lowering their asking prices, a 30% decrease in average days on market (DOM), a 69% increase in the number of property sales, and a 7% increase in average sale price.  So, while far below the number of buyers for our area in 2021-22, some buyers did return in Q2 and increased the median sale value from $743,000 to $811,250, and the only category to continue at a loss is detached homes in The Blue Mountains.

HIGHS, LOWS & SPECIFICS (brackets show Q1 2023 values)

COLLINGWOOD:

Many more sales than Q1, faster sales cycle, detached home & condo values both up

  • The high sale was a 3,300 SF Shipyards waterfront townhome for $2,700,000.
  • The low sale was a 407 SF studio apartment-condo near The Legion for $265,000.
  • 60 (23) condo sales; avg of 49 (50) DOM; avg sale-to-list price ratio of 96.4% (96.9%); avg sale price of $766,287 ($735,187), up 4%
  • 94 (56) single-family home sales; avg DOM of 24 (48); avg sale-to-list price ratio of 97.2% (95.1%); avg sale price of $942,818 ($847,130), up 11%.

 

THE BLUE MOUNTAINS:

A few more sales than Q1, slightly faster sale times, condo values way up, detached home values way down

  • The high sale was a 5,500 SF 7 year old custom home in Lora Bay for $2,925,000.
  • The low sale was a 467 SF studio hotel-condo in Seasons at Blue for $250,000.
  • 40 (31) condo sales; avg of 40 (50) DOM; avg sale-to-list price ratio of 98.1% (95.3%); avg sale price of $722,990 ($518,161), up 39%.
  • 43 (31) single-family home sales; avg DOM of 40 (51); avg sale-to-list price ratio of 96.1% (95.2%); avg sale price of $1,338,163 ($1,725,419), down 22%.

 

CLEARVIEW:

Many more sales than Q1, faster sale time, home values up

  • The high sale was a new home over 8,800 SF on 12+ acres just east of Nottawa for $5,250,000.
  • The low sale was a small 2 bed, 1 bath bungalow in Stayner for $350,000.
  • 61 (27) single-family home sales; avg of 36 (45) DOM; avg sale-to-list price ratio of 98% (98.5%); avg sale price of $970,098 ($906,596), up 7%.



Source link

Real Estate Market Report – Q2 2023 in Review – Real estate sales in Midland

Canada is a land of diverse landscapes, bustling cities, and warm communities. If you’re looking to buy, sell, or rent properties in the Great White North, EstateDwell is your ultimate destination. Welcome to the go-to platform for all things real estate in Canada. The best part? EstateDwell offers 100% free property advertising for everyone!

Explore Properties by Province

EstateDwell is proud to present a comprehensive range of properties spanning all provinces in Canada. Here’s a breakdown of our categories:

The Advantages of EstateDwell

EstateDwell goes above and beyond to offer an exceptional real estate experience. Here are the advantages of using our platform:

  • Effortless Listing: With our user-friendly listing form, posting your property is quick and easy.
  • Instant Visibility: Your listing goes live immediately, reaching potential buyers or tenants in real-time.
  • Completely Free: EstateDwell doesn’t charge any listing fees. Enjoy the benefits of free property advertising.
  • For Sellers and Renters: Whether you’re selling or renting, EstateDwell caters to all property types.
  • Inclusive Platform: From private individuals to real estate agencies, everyone is welcome to post their listings.
  • No Registration Required: Skip the hassle of registration – submit your ad hassle-free.
  • Showcase Your Property: Accompany your listing with up to 5 stunning photographs of your property.

Conclusion

In conclusion, EstateDwell is your passport to a successful real estate venture in Canada. Our platform offers effortless, free property advertising across all provinces, connecting you with a diverse audience of buyers and renters. Take advantage of EstateDwell’s user-friendly interface and quick listing process to make your real estate dreams a reality. Whether you’re a buyer, seller, or agent, EstateDwell has you covered. Don’t miss out on this golden opportunity – start your real estate journey with EstateDwell today!

Promote Your Real Estate Listings with EstateDwell: A Social Media Boost!

Are you looking to sell or rent your property in Canada? Look no further! EstateDwell offers you a fantastic platform to advertise your real estate listings for free. With EstateDwell’s URL “https://estatedwell.com/“, you can easily showcase your property to potential buyers and renters.

Why Promote Your Real Estate Listings on Social Media?

In today’s digital age, social media has become a powerful tool for reaching a vast audience. Promoting your real estate listings on various social media platforms can significantly boost your chances of finding the right buyer or tenant for your property. Here are seven compelling reasons why you should consider social media promotion:

  1. Expanded Reach: Social media allows you to tap into a diverse and engaged audience, increasing the visibility of your real estate listings.
  2. Targeted Advertising: You can tailor your promotions to specific demographics and interests, ensuring your property reaches the right audience.
  3. Engagement and Interaction: Social media offers an interactive space where potential buyers can ask questions and get immediate responses, fostering better engagement.
  4. Cost-Effective Marketing: Compared to traditional advertising, social media promotions are more cost-effective and yield better results.
  5. Brand Exposure: Promoting your real estate listings on social media helps enhance your brand visibility and credibility.
  6. Word-of-Mouth Marketing: Satisfied buyers or tenants may share your listings with their network, creating a powerful word-of-mouth marketing effect.
  7. Increased Website Traffic: Social media promotion can drive more traffic to your EstateDwell URL, increasing the chances of potential clients exploring your other listings.

Discover the Power of Social Media Platforms

Let’s explore six randomly selected social media platforms where your real estate listings will be promoted:

  1. Facebook Group: Join the lively discussions in our “EstateDwell Real Estate Enthusiasts” group and connect with thousands of potential buyers and tenants. Visit Facebook Group
  2. Facebook Page: Like and follow our “EstateDwell Canada” page, where your real estate listings will gain maximum exposure. Visit Facebook Page
  3. Blogger: Discover insightful articles about real estate and featured listings on our EstateDwell Blog. Visit Blogger
  4. Tumblr: Follow EstateDwell on Tumblr to explore eye-catching visuals of your property listings. Visit Tumblr
  5. Twitter: Stay updated with the latest real estate trends and your property listings by following @AleksNekretnine.
  6. Reddit: Join the EstateDwell subreddit community and share your property listings with fellow enthusiasts. Visit Reddit

Unleash the Potential of Each Platform

  1. Facebook Group: Engage with like-minded real estate enthusiasts and showcase your listings in posts or comments.
  2. Facebook Page: Post captivating images and descriptions of your properties to capture the attention of potential buyers.
  3. Blogger: Write informative blog posts about the features and benefits of your properties, linking back to your EstateDwell URL.
  4. Tumblr: Utilize eye-catching visuals and creative content to make your real estate listings stand out.
  5. Twitter: Craft concise and engaging tweets with property highlights and the EstateDwell URL for quick access.
  6. Reddit: Participate in relevant discussions, and subtly promote your listings in a non-intrusive manner.

Conclusion: Unlock Your Real Estate Listing’s Potential with EstateDwell

By posting your real estate listings on EstateDwell’s platform “https://estatedwell.com/” and promoting them on various social media platforms, you can harness the power of digital marketing to find the perfect buyer or tenant for your property.

Remember, EstateDwell offers free promotion on six different social media platforms, including the social media giant, Mastodon. So, don’t miss out on this incredible opportunity to maximize your reach and connect with potential clients from all corners of the web!

#Real #Estate #Market #Report #Review

Leave a Reply

Your email address will not be published. Required fields are marked *

Яндекс.Метрика Društvene Veze