Thursday, May 12, 2011
Recreational Property Report from RE/MAX is on it's way!
Just finished talking to Eva Blay, from Point Blank Communications today regarding the first 4 months of activity here in the Grand Bend area. The full RE/MAX Recreational Report will be out in June but with over 50 areas reporting, Eva has to start now to collect the information. Our first 4 months has been slower with the snowy weather we have been having here in Southwestern Ontario, but as soon as the sun is out and the election is over I would expect our numbers will be comparable to last years for listings and sales. Sales so far are somewhat slower by 15% but the listings are up 30%, so there is a good supply of inventory now available. The starting price for a typical 3 bedroom winterized property is now $475,000, up from $425,000 last year with the highest sale of a lakefront in the past 6 months, over $1.5 million. We are expecting the market to get considerably better in the next 6 weeks as long as the rain stops and the farmers are happy campers!