Home sales in the western half of the Southern Georgian Bay region are surging ahead, but remain quiet in the east.
That’s according to statistics from MLS released by the Southern Georgian Bay Association of Realtors yesterday.
In August, the value of home sales in South Georgian Bay totalled $172.3 million
There were 340 homes sold last month, which is about six sales higher than August, 2018.
Most of the homes were sold in the west (Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, Meaford, and Grey Highlands) with 216 sold in the area last month. In fact, western sales are up 22 per cent from August, 2018, making this August one of the best ever in the district.
Year-to-date there have been 1,357 homes sold in the west end of the region.
The scene in the east is quieter with 124 units sold, which is a decrease of 21 per cent from August 2018 and an 11-year low for the month. The eastern region includes Midland, Penetanguishene, Tay, Tiny, Severn, and Georgian Bay Township.
“The rebound in activity in the western district is in line with the trend across much of Ontario this summer, where sales have finally begun improving following a tough couple of years in the wake of the Ontario Fair Housing Plan and B-20 stress test,” said Stan Reljic, president of the Southern Georgian Bay Association of Realtors in a press release.
Overall supply of houses for sale remains low, but August showed another upward trend there with 1,404 units listed for sale at the end of the month, which is a 20.2 per cent increase over the same time last year.