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Bay and Blue Review Summer Update 2013
After a wet spring summer has finally arrived here in the Bay with hot humid conditions settling in. I am back to my routine of swimming in the early morning off Sunset Point 2-3 and cycling the “epic” routes around Blue and the Pretty River Valley. Of course I do manage to get in a few hockey games for the summer off-season. I hooked up with some older riders who think nothing of going out for 150Klm or more. I am not up to speed with these regulars so numb bum is more apt a description. The key I'm told is to keep up with the guys over 75 or you’ll get dropped in a heartbeat and have to find your way home.

The local real estate market continues to perk along nicely with residential sales are on track for a record year this year. Overall, 887 homes have traded hands at the mid point of the year  - up 3% in the same period last year and this marks the best first half of any year on record. Our Royal LePage Trinity team continues to hit the ball out of the park in Collingwood. Home sales in June alone were up 22 percent from a year ago at 171 transactions. Active housing listing inventory is down 11 per cent from last year’s level – another leading indicator of a healthy sustained market.

The total MLS sales to list ratio for 2013 continues to show that 1 of every 4 properties listed for sale actually sells.

Closer to home we continue with our  “Invest in Collingwood” strategy and now have 4 more doors in our stable of excellent rental revenue properties and we’ve had them tenanted without delay. If you'd like to explore such income property give me a call. We are seeing working capital returns exceeding 7% with minimal investment.  Our in town units range from 700 – 1400 SF with 2-3 bedrooms and immediate access to the Georgian Trails and our 4 season active life at your doorstep.

This is the kind of data I like to generate and it is worth paying attention too...a thriving market with real capital returns.

If you are thinking of buying or selling give me a call. I'll bring you up to speed on the market and what I can do for you. 
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Todd Corradetti
Todd Corradetti
Royal LePage Locations North , Brokerage (Independently owned and operated)
Phone: 705.445.5520     
Fax: 705.445.1545     
Mobile:  705.888.3432     
Home Fax: 705.445.1545     
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