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Binbrook (Hamilton) Market Overview
Binbrook is a quiet community nestled in the Hamilton suburbs, tucked away from the urban area, that has become a popular place to live. It is conveniently located minutes from Hwy 403and the QEW, giving residents direct access to Bulington, Oakville, Mississauga, Toronto, and the Niagara region.
Current (October 2017) Binbrook MLS stats indicate an average house price of $528,178 and 33 new listings in the last 56 days. As of today, Binbrook housing data shows median days on market for a home is 33 days.
The last two months saw 33 new listings in Binbrook, 22 sales (at an average of 98% list price), taking an average of 33 days to sell.
October 2016 to October 2017 shows an average price increase of 11.4% – awesome annual production –within the Hamilton area.
Collingwood Market Analysis
Located in Southwestern Ontario, Collingwood is located in one of the most beautifully scenic areas of the province. Beaver River flows nearby into Nottawasaga Bay, with the Niagara Escarpment dominating the landscape, providing a beautiful setting to both live and play. Recent development projects are marketing directly to buyers working in the GTA.
There were a total of 47 New Listings in the month of September for the Collingwood/Blue Mountain area.
The Average List Price was $632,038, with a range of $229,900 – $1,999,999.
The Southern Georgian Bay Association of Realtors noted in their second quarter report that the Collingwood area posted all-time record quarterly volume of $109,811,406 – up 24% from the prior mark set in Q2-2016. The report also notes that YTD volume of $164,611,863 is up 26% from 2016’s record, while unit sales of 349 are down 4% from this time last year.
Second quarter 2017 volume of $101,703,537 is up 16% from 2016, units of 188 are down 8%. Average sale price of $540,976 is up 26%, while average days-on-market of 29 is down 7 days.
Although unit sales are down slightly and listings up slightly from 2016’s totals, 2017’s record dollar sales, high sales/listings ratio, shorter sale times and huge average price jump all indicate that the demand for listings still greatly exceeds the supply.
Mattawa Market Synopsis
Mattawa is a picturesque town in northeastern Ontario, Canada, at the confluence of the Mattawa and Ottawa Rivers in Nipissing District. Mattawa means “Meeting of the Waters” in Ojibwa.
Mattawa is a thriving community that bridges the route between North Bay and Ottawa, located on HWY 17.Median House price for 4 bedroom house sales last month was $214,900.00
Guelph Market Synopsis
Guelph consistently ranks in the top 10 safest cities in Canada to live. Thanks to the low crime rate, it’s been ranked by ReadersDigest.ca as the best city in Canada to raise a family. Despite having a population of about 150,000 in the metropolitan area, Guelph maintains its small-town vibe with a strong sense of community.
“While home sales were still running well below last year’s record levels in September, they remained in a better position compared to their July low,” said Kim Hannah, President of the Guelph and District Association of REALTORS®. “New supply was also up in September, which along with a bit of a rebound in sales could be taken as a sign that confidence is beginning to return to the market.”
The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI for Guelph and District rose 17.3% in September 2017 compared to the same month in 2016. This was a slower rate of growth compared to the previous seven months – but still remarkably strong performance from an investment perspective.
Guelph realized 149 sales in September down slightly from September 2016. However, the first 3 weeks of September were very slow while most people got their kids settled in for school. We saw the market start to pick up over the last week of September with a large increase in the number of offers and conditional sales which should show in our October stats. The average selling price in September was $467,611. Days on market remained flat at 26 days but houses sold for closer to list price in September with the average house selling for 99.2% of asking. Single-family home prices were also up 17.3%. By comparison, townhouse prices rose 14.1% from last September and apartment unit prices climbed 22.6% compared to a year earlier. Average
Typically, this market typically follows Toronto’s trends by about 4-6 weeks, and as noted above, we expect this marketplace to indicate housing prices rising more steadily moving forward.
Tobermory (Grey Bruce) Market Synopsis
Tobermory is located at the top of the Bruce Peninsula – just outside of Owen Sound. Tobermory offers fresh, clean air, gorgeous scenery, tranquil waters, and is regularly described as having the most spectacular sky’s in southern Ontario. Tobermory is almost surrounded by water – Lake Huron on one side and Georgian Bay on the other. It is a naturalist haven, having 2 national parks – Fathom Five National Marine Park and the Bruce Peninsula National Park – close by.
The average price of homes sold in September 2017 was $284,249, up 9.6% year-over-year.
The year-to-date average price to September 2017 was $290,293, rising 12.2% from the first three quarters of 2016.
Cambridge has become a charming and scenic community that started as three smaller communities – Galt, Hespeler, and Preston. The Speed and Grande Rivers intersect in Town, with the Grande meandering through the whole city. Because of this, there are plenty of trails and parks integrated within the community. It is situated within the Waterloo Region – attractively located within reach of two Universities and two Hospitals. Also, it is located on the popular Hwy 401 corridor accessing the Toronto Region directly.
Canada’s national median home listing price this month (September 2017) is $290,900, which places Cambridge is in the top 20% for Canada.
On a year-to-date basis, home sales totaled 1,786 units over the first eight months of the year. This was still up 2.7% from the same period in 2016.
“Home sales in the region actually improved a little in August compared to July, but the bigger picture is that activity is now back running at more or less average levels,” said Jim Robinson, President of the Cambridge Association of REALTORS®. “On the supply side, new listings have come down in line with sales in recent months, which is keeping inventories near all-time lows.”
The average price for homes sold in August 2017 was $434,471, up 9.6% from August 2016, with year-to-date average pricing of $466,903 – a whopping 27% rise from the first eight months of 2016!
In Cambridge, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.