Real Estate Professional of the Month

February 27, 2020 · 0 Comments

Written By MARG McCARTHY

In Ontario there are 38 real estate boards which real estate agents and brokerages work within. Marg McCarthy Real Estate Services is a member of TREB (Toronto Real Estate Board) and RAGBOS (Realtors Association of Grey Bruce Owen Sound). The advantage to Marg McCarthy Real Estate Services being a member to both boards is the sphere we work within is covered and listed on the MLS (Multi Listing Service) system for both boards. RAGBOS is part of the Matrix system that covers MLS postings for 22 boards. Marg has listing access to all around Georgian Bay and down to Toronto and the Golden Horseshoe.

It is always interesting to look at sales statistics. The boards always post all of their statistics quarterly. It is important for Realtors to review these stats and be up on the trends for the last few months and years. At Marg McCarthy Real Estate Services everyone reviews this information independently and makes notes of any trends that would be important to our customers and clients.

In January 2020 in the Grey, Bruce, Owen Sound area home sales were UP 23.7% in 2020 versus the sales in 2019. What this means is within January 2020 approximately 23% more homes were listed and sold. This is good news for this market area. In the month of January of this year the numbers of listings were also up 14.8%. This past January was positive for both buyers and sellers in the sense there were more homes on the market for buyers to look at and purchase as well as those who had homes they were selling had a better chance of selling this year over last. This looks positive for February and March markets as well. We will be posting these to the Marg McCarthy Real Estate Services blog at https://mccarthyrealty.ca/blog/ as the numbers become available.

Another compelling number to look at is the Median Prices and Total Number of Houses Sold in the area. Overall in the RAGBOS area in the month of January 2020 Units Sold were 141 and the total of out of that number was 120 Detached Homes Units which shows that in that month were 85% Detached Homes Sold. That is a positive for someone who is considering selling their detached home in the months following. Of course there are never any guarantees but it is important to look at all the information and how it relates to your real estate decisions. As well the median price was up 19.8% overall with an average Sale Price of $377,377 for all properties sold in the RAGBOS area. In January Detached Homes were up 25.2% over last year with an Average Sold Price of $400,750. These are all very interesting numbers for you to keep in mind, when making decisions when it comes to your real estate purchase or sale. Prices and number of sales are all important, plus location and come into pricing a home.

If you want to discuss how your property or purchase fits into the numbers call the professionals at Marg McCarthy Real Estate Services at 519-925-6948 to set up an appointment. Marg McCarthy Real Estate Services can also be contacted by email [email protected] or drop by Marg McCarthy Real Estate Services office at 110 Centennial Rd, Shelburne we would love to meet with you to discuss your upcoming Real Estate needs.