Welcome Georgian Meadows neighbour!

Update September, 2009

Georgian Meadows Solds 2008 & 2009

Currently 14 homes on mls and 3 "for sale by owner" (September 12,09).

If you are planning to list your home, with such a large choice in Georgian Meadows homes, it is more critical than ever to price your home right. This is not the time to try a range of prices. One new trend is bottom line pricing and with this you will see a higher selling to asking price percentage. It is better to list your bottom line and be firm on the price than to inflate your asking price with lots of room to negotiate. It is also important to have a Realtor who is familiar with the listed properties and sales history of the area. As a Georgian Meadows resident and Realtor, I track every home listed and sold and stay updated on the features that increase value. Please give me a call if you are thinking of listing your home for sale, or if you have friends or relatives planning to move to the area.

*Price per sq.ft. based on above ground space only.

Update April 2009
To date, five houses have sold in 2009. Currently 15 homes on the market including three model homes. The model homes went on mls at the end of March and two sold immediately. The Chamberlain sold for $398,000.00 and included many upgrades and finished basement. Comparably, a Chamberlain sold in March 08 for $363,000 and $330,000 March 09. It would appear that the highest price reduction was from spring 2008 to fall 2008 and prices are not continuing a decline from fall 2008. It is still hard to predict until more houses sell.

Update March 2009
The 2008 marketheld strong until late fall in the Georgian Triangle and that is refected in the Georgian Meadows sales. The market from fall 2008 to Spring 2009 took a downturn and the trend is continuing. Currently there are 19 homes for sale in GM and five sales to date in 2009. Both of the 2009 sales were down from 2008 similar models. For instance a larger model, Chamberlain sold in March 2008 for $363,000 and in 2009 a similar model with finished basement sold for $330,000.00, a 9% decrease. I expect the trend to continue. With only two sales up to April 2009, it is difficult to predict a trend except to say that prices are down between 6 - 9% or more and time on the market is increased markedly. The average number of days on the market in 2008 was 114 days and a number of homes currently on the market are over the average. I will continue to post sales throughout 2009.

2008 Market Report for Georgian Meadows
The 2008 Gerogian Meadows resale market aligned with the Georgian Triangle Real Estate trends, including Collingwood, Blue Mountain and Thornbury.  A total of 10 houses sold. The average number of days on the market averaged at 140, from a low of 16 days to a high of over 365. This is reflected in the market trends of increasing days on the market for all real estate in Georgian Triangle.

From the sold figures over the year 2008, it appears that sold prices did not decrease and we cannot see a trend either way until the 10 currently listed homes sell. Model for model, spring to fall did not demonstrate a trend either up or down. For example, a Montrose sold in spring for $312,000 and fall for $273,000, however the first home had a finished basement and one more bedroom and bathroom. Compare this to a Hampshire sold in May for $307,000 and the same model for $330,000 in fall, and again, the higher priced model had a finished basement and one more bedroom and bathroom.

Generally speaking, the fall market saw a slight decline in average price of 2 storey home per sq. ft. sold, from $154.00 to $152.00, and an increase in the average number of days on the market, from 95 to 113. The average percentage of sold price to asking prices also declined in the second half of 2008, from 94% in spring to 92% in fall.