Waterfront Market Report: December 2024
The December 2024 Waterfront Market Report showcases the state of waterfront real estate in Owen Sound, Grey Highlands, Meaford, The Blue Mountains, Collingwood, Wasaga Beach, and Tiny. While December saw modest activity, the annual figures reveal shifting trends across the region. In this post, we’ll explore these insights and provide an overview of the market’s performance.
December 2024 Overview
- Total Sales: $2,595,000 across 3 transactions.
- Sales volume decreased by 2% compared to December 2023.
- Number of transactions increased by 33% (from 3 to 4).
Community Highlights
- Owen Sound:
- Increased unit sales (from 0 to 1).
- December sales reached $585,000 with an average of 11 days on the market.
- Grey Highlands:
- December sales volume fell by 13%.
- Average sale price was $775,000 with stable unit sales.
- Meaford:
- No waterfront transactions in December.
- Annual sales experienced a 43% decline.
- The Blue Mountains:
- December volume reached $1,235,000 for a single transaction.
- Annual trends showed a 9% decrease in total volume.
- Collingwood:
- December sales volume fell to $0 from $1,025,000 in 2023.
- Unit sales remained stagnant, highlighting reduced listing activity.
- Wasaga Beach:
- No December sales, aligning with the slower listing activity for this region.
- Tiny:
- December saw no sales, contrasting with the higher listing activity earlier in the year.
Annual Trends
- Total Annual Volume: $170,935,458, reflecting a 15% decline year-over-year.
- Unit Sales: 143 properties sold, down 7% from 2023.
- Notable Gains:
- Grey Highlands led with an 81% increase in sales volume.
- Collingwood experienced a marginal 1% volume growth.
- Significant Declines:
- Wasaga Beach experienced a 48% decline in annual volume.
- Meaford saw a 43% reduction in total sales volume.
Key Takeaways by Metric
- Listings: Higher in some areas like The Blue Mountains (+82%) and Tiny (+25%).
- Average Days on Market: Mixed results with The Blue Mountains seeing a 130% increase, reflecting a slower turnover.
- Price Segments:
- Properties under $1M remained the most active.
- Declines observed in $2M+ transactions across several regions.
