The December 2024 Real Estate Market Trends in
Southern Georgian Bay
As we close out 2024, let’s take a closer look at the real estate market in Collingwood, The Blue Mountains, Meaford, Owen Sound, Wasaga Beach and Grey Highlands. Whether you’re a buyer or a seller, understanding these trends will help you make informed decisions.
COLLINGWOOD
Collingwood’s numbers are making waves with a massive 193% increase in the average selling price year-over-year, now sitting at $2,057,500. Why such a jump? One home sold for over $6 million, skewing the stats! Meanwhile, the number of sales dropped by 82%, with only four homes sold in December.
THE BLUE MOUNTAINS
The Blue Mountains saw its average price rise 25% year-over-year to $1,235,000, but with just one sale in December, these numbers should be taken with caution. With 10.7 months of supply on the market, sellers should focus on perfect pricing and staging, while buyers can feel confident in negotiating power.
MEAFORD
Meaford experienced a 21.6% drop in the average price, now at $575,000, with just one property sold in December. While this single sale impacts the stats, the broader market shows signs of balance with 5.3 months of supply. It’s an opportune time for buyers seeking deals, while sellers can benefit from stable conditions.
WASAGA BEACH
Prices in Wasaga Beach are up 4.2% year-over-year, reaching $554,262, with steady sales. Inventory has been steadily decreasing, now at just 3.6 months, indicating a tightening market. My prediction? A return to a balanced market come early spring.
OWEN SOUND
Owen Sound saw a strong 26% price increase year-over-year, with the average price now $427,625. Days on market improved to 50, and inventory is at 3.8 months—teetering on the edge of a seller’s market. Sellers here can benefit from exceptional staging and a solid marketing strategy to stand out.
GREY HIGHLANDS
Grey Highlands is showing stability with a 1.4% price increase year-over-year, now averaging $614,375. Sales are up 33%, and with days on market averaging just 22—the lowest in the region—buyers are clearly seeing the appeal of this picturesque area.
Tailoring Your Real Estate Strategy
Whether you’re thinking of buying or selling, the Southern Georgian Bay real estate market offers a variety of opportunities depending on the area and your individual needs. Reach out for a no-obligation chat, and let’s figure out the best strategy for you and your family in this ever-changing market.
