LOCATIONS B R O K E R A G E
THE BLUE MOUNTAINS REAL ESTATE MARKET REPORT
2020 IN REVIEW RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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OVERVIEW RECORD VOLUME AND UNIT SALES, WITH PRICES WAY UP AND SALE TIMES DOWN
RECORD ANNUAL SALES VOLUME OF $454,324,944 Up 80% from 2019’s $252,241,612, with units of 506 up 43% from 2019’s 354. New listings of 689 up 5% from 2019, with the sales/listings ratio of 73% up 19%.
RECORD Q4 SALES VOLUME OF $140,067,273 Up 127% from Q4-2019’s $61,655,036. Units of 144 up 69% from Q4-2019’s 85, with new listings of 137 down 8% and the sales/listings ratio of 105% up 48%.
RECORD ANNUAL AVERAGE SALE PRICE OF $897,875 Up 26% from 2019’s $712,547. Average days-on-market of 51 down 14 days.
THE BLUE MOUNTAINS MARKET REPORT: 2020 IN REVIEW
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY December’s record volume was up 78% from 2018’s prior high, and its 25 units were up 9% from 2016’s benchmark. The month had a 100% sale/list price ratio; homes on average sold 50 days faster than in December 2019; and there is now 2 months of inventory. All that, and December’s 96% sales/listings ratio, add up to a strong sellers’ market. Graph 1: The Blue Mts. MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $500,000,000
$454,324,944
$450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000
$232,013,126
$252,241,612
$200,000,000 $150,000,000 $100,000,000 $50,000,000 $0
2018
2019
2020
Graph 2: The Blue Mts. MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 600
506
500
400
346
354
300
200
100
0
2018
T H E B L U E M O U N TA I N S M A R K E T R E P O R T: 2 0 2 0 I N R E V I E W
2019
2020
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THE MARKET IN DETAIL Table 1: The Blue Mts. MLS® Residential Sales And Listing Summary 2018 vs. 2019 vs. 2020
2018
2019
2020
2019-2020
$232,013,126
$252,241,612
$454,324,944
+80%
Annual Unit Sales
346
354
506
+43%
Annual New Listings
592
657
689
+5%
Annual Sales/Listings Ratio
58%
54%
73%
+19%
$72,601,930
$61,655,036
$140,067,273
+127%
Q4 U nit Sales
100
85
144
+69%
Q4 New Listings
153
149
137
-8%
Q4 Sales/Listings Ratio
65%
57%
105%
+48%
$726,019
$725,353
$972,689
+34%
$12,567,250
$12,124,400
$22,380,999
+85%
December U nit Sales
20
17
25
+47%
December New Listings
26
32
26
-19%
77%
53%
96%
+43%
December Average Sale Price
$628,363
$713,200
$895,240
+26%
Annual Sales: $100K - $299K
63
46
42
-9%
Annual Sales: $300K - $499K
83
89
94
+6%
Annual Sales: $500K - $799K
105
121
136
+12%
Annual Sales: $800K - $999K
41
34
78
+129%
Annual Sales: $1M - $1.499M
33
39
87
+123%
Annual Sales: $1.5M - $1.999M
12
17
42
+147%
9
8
27
+238%
58
65
51
-22%
$670,558
$712,547
$897,875
+26%
Annual Volume Sales
Fourth Quarter (Q4) Volume Sales
Q4 Average Sale Price December Volume Sales
December Sales/Listings Ratio
Annual Sales: $2M+ Annual Average Days-On-Market Annual Average Sale Price
NOTE: All MLS® sales data in this report comes from the Southern Georgian Bay Association Of REALTORS® and refers specifically to residential sales as of Jan. 3, 2021.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.
T H E B L U E M O U N TA I N S M A R K E T R E P O R T: 2 0 2 0 I N R E V I E W
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THE MARKET IN DETAIL (cont’d) The Blue Mts. had an extraordinary sales year in 2020, with volume up 80% from 2019’s former high. The increase was mainly due to seven record months from June to December which yielded $372,758,551 in sales: 82% of the town’s 2020 total and 48% more than all of 2019. However, most impressive was The Blue Mts.’ 506 units: they were up 43% from 2019, the biggest increase of any Southern Georgian Bay community. They were also up 22% from 2016’s previous high of 415.. While it’s difficult to know what 2021 will bring, The Blue Mts.’ homeowners can be happy that 2020’s average sale price of $897,875 was up 84%, 78%, 47%, 34% and 26% from 2015-19 respectively.
Graph 3: The Blue Mts. Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $80,000,000
2018
$70,000,000
2019
$60,000,000
2020
$50,000,000 $40,000,000
$30,000,000 $20,000,000 $10,000,000 $0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Graph 4: The Blue Mts. Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 90
2018
80
2019
70
2020
60 50 40 30 20 10
0
Jan
Feb
Mar
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Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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THE MARKET IN DETAIL (cont’d) As Graph 5 shows, 2020 unit sales were up from 2019 in six price ranges and down in one. The $300K-$499K, $500K-$799K, $800K-$999K, $1M-$1.499M, $1.5M-$1.999M and $2M+ ranges were up 6%, 12%, 129%, 123%, 147% and 238% respectively. The Under-$300K range was down 9%. More generally, the Under-$500K bracket – which accounted for 27% of 2020’s sales – was down 1% from 2019. The $500K-$999K bracket – which accounted for 42% of all sales – was up 38%. And the $1M+ bracket – which accounted for 31% of all sales – was up 144%.
Graph 5: The Blue Mts. MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 160
2018 2019
140 136
120
121
100
105
80 60 40
2020
83
89
94
87
2018
78
2019 2020
63 46
42
41
34
33
42
39
27
20 0
12 $100K-$299K
$300K-$499K
$500K-$799K
$800K-$999K
$1M-$1.499M
17
$1.5M-$1.999M
THE BLUE MOUNTAINS MARKET REPORT: 2020 IN REVIEW
9
8 $2M+
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SALES BY PROPERTY TYPE Graph 6: The Blue Mts. MLS® Sales By Property Type 2018 vs. 2019 vs. 2020 (Dollars and Units)
2020
2020 IN DETAIL SINGLE-FAMILY HOMES 2020
2020
2020
$27,489,000 DOLLAR SALES : $101,565,158
$352,759,786 UP 84% from 2019
$27,489,000
$101,565,158
55
297
209
AV. DAYS-ON-MARKET: 56 DOWN 5 days from 2019 $352,759,786
$352,759,786
Vacant Land
$60,529,937
AV. SALE PRICE: $1,187,743 UP 28% from 2019 Single Family
Single Family
Single Family Condominium 2019
Condominium
Condominium
2019 Vacant Land
2019
2019
Vacant Land
CONDOS/TOWNS
$13,614,900
DOLLAR SALES: $101,565,158 UP 68% from 2019 UNIT SALES: 209 UP 41% from 2019
148
$191,711,675
AV. DAYS-ON-MARKET: 43 $191,711,675 DOWN 26 days from 2019
206
Single Family
Single Family
Condominium 2018
Condominium
$61,126,524
$13,614,900
$60,529,937
26
Vacant Land
UNIT SALES: 297 UP 44% from 2019
AV. SALE PRICE: $485,958 Single Family UP 19% from 2019
2018
2018
2018
Condominium
Vacant Land
Vacant Land
$10,275,800
$10,275,800
RESIDENTIAL LAND
$61,126,524
28
DOLLAR SALES: $27,489,000 UP 102% from 2019 188
158
$170,886,602
$170,886,602
AV. DAYS-ON-MARKET: 93 DOWN 14 days from 2019
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
UNIT SALES: 55 UP 112% from 2019
Condominium
Vacant Land Vacant Land
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Single Family
AV. SALE PRICE: $499,800 Condominium DOWN 5% from 2019 Vacant Land www.locationsnorth.com
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THE BLUE MTS. AVERAGE SALE PRICES: 2010-2020 BIG GAINS, BOTH GENERALLY AND RELATIVE TO INFLATION The Blue Mts.’ average sale price for single-family homes in 2020 was $1,187,743: that’s up 28%, 31%, 45%, 76% and 129% from 2019, 2018, 2017, 2016, and 2010 respectively. 2020’s average condo price of $435,005 was up 6%, 12%, 34%, 45% and 103% from 2019, 2018, 2017, 2016 and 2010 respectively. From 2010-2014 the average sale price for single-family homes generally increased at just under Canada’s inflation rate, and then rose to 95% above inflation by 2020. Condo prices generally rose on a par with inflation until 2014 and then began to climb in 2015, rising to 73% above the inflation rate by 2020.
$1,200,000 $1,100,000 $1,000,000 $900,000 $800,000
$700,000 $600,000 $500,000 $400,000 $300,000
$200,000 $100,000 2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Single-Family Home Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On The Blue Mts.’ 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On The Blue Mts.’ 2010 Condominium Average Sale Price
T H E B L U E M O U N TA I N S M A R K E T R E P O R T: 2 0 2 0 I N R E V I E W
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ROYAL LEPAGE LOCATIONS NORTH IN 2020 OUR 8TH STRAIGHT RECORD-BREAKING YEAR
WE BROKE OUR OWN SOUTHERN GEORGIAN BAY REGIONAL RECORD FOR ANNUAL MLS SALES VOLUME With $604,080,487 – up 91% from 2019 and up over 1000% from 2011
OVERALL WE HAD MORE THAN 4 TIMES THE SALES VOLUME OF OUR CLOSEST REGIONAL COMPETITOR
WE WERE #1 IN THE REGIONAL LUXURY HOME MARKET, WITH 4 TIMES THE UNIT SALES OF OUR CLOSEST COMPETITOR
Locations North Sales Volume, 2011 - 2020
2011 2011 2012 2013 2014 2015 2016 2017 2018 2019
2012
$53,047,171
2013
$89,145,175
2014
$96,796,883
2015
$121,934,732
2016
$159,707,227
2017 2018
$215,294,663 $268,894,323 $288,097,462
2019 2020
$316,114,237 $604,080,487
2020
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* Collingwood, The Blue Mts., Wasaga Beach, Meaford, Clearview, Grey Highlands
2020 UNIT SALES Collingwood
** $1,000,000+
The Blue Mountains UNITS
UNITS
PERCENTAGE
PERCENTAGE
Royal LePage Locations North 213.5 Royal LePage 43.4% Locations North
Royal LePage Locations North
270
Royal42.8% LePage Locations North
RE/MAX Four Seasons
79.5
RE/MAX Four Seasons 12.6%
RE/MAX Four Seasons
54.5
11.1% RE/MAX at Blue
Century 21 Millenium
70
Royal LePage Trinity 11.1%
RE/MAX at Blue
52.5
RE/MAX Four Seasons 10.7%
Chestnut Park
55
Chestnut Park 8.7%
Century 21 Millenium
Clairwood
45
Century 21 Millenium 7.1%
Chestnut Park
RE/MAX of Wasaga Beach
23
Clairwood 3.6%
Sotheby’s
Engel & Volkers
18
Engel & Volkers 2.9%
Clairwood
Forest Hill
13.5
RE/MAX of Wasaga Beach 2.1%
Sotheby’s
7
1.1%Other
50
Non-SGBAR 8%
Other
UNITS
Forest Hill
7.5
Engel & Volkers 1.5%
Engel & Volkers
6.5
1.3%Other
Other
45
Non-SGBAR 9.2%
UNITS
PERCENTAGE
PERCENTAGE
19
RE/MAX of Wasaga Beach
11.5
RM 4 Seasons 8.4%
RLP RCR 6.6%
Chestnut Park
10.5
RM Wasaga 7.7%
12
RE/MAX Grey Bruce 5.8%
Century 21 Millenium
8
Chestnut Park 5.8%
9
Chestnut Park 4.4%
Sotheby’s
6
Century 21 Mil enium 4.4%
8
3.9%McIntee
Forest Hill
5
3.6%Exit
6.5
RLP Trinity 3.2%
Engel & Volkers
2.5
Forrest Hill 1.8%
5
2.4%Other
Clairwood
2.5
1.8%Other
24
Non-SGBAR 11.7%
Other
25.5
Non-MLS 18.7%
13.5
Other
Clairwood 2.2%
RE/MAX Four Seasons
19
Sutton Sound
11
Century 21 Mil enium 9.7%
20
Century 21 Millenium
RE/MAX Grey Bruce
Royal3% LePage Trinity
RE/MAX Four Seasons 9.2%
Chestnut Park
Sotheby’s
15
Locations North 44 Royal LePage 32.1%
89
ARA
38.5
Royal LePage Locations North
Royal LePage Locations North
RE/MAX Four Seasons
Chestnut Park 9.8% Century 21 Millenium 7.8%
Clearview
Meaford
Royal LePage RCR
48
Royal LePage Locations North 43.2%
Southern Georgian Bay (West)* UNITS
RLP Trinity 13.9%
Southern Georgian Bay Luxury Homes** UNITS
PERCENTAGE
PERCENTAGE
Royal LePage Locations North 790.5
RE/MAX of Wasaga Beach 36.5%
LePage Locations North Royal LePage Locations North 115.5 Royal37.9%
RE/MAX of Wasaga Beach
Royal LePage Trinity 11.3%
RE/MAX Four Seasons
246
28.5
RE/MAX Four Seasons 9.3%
28
Chestnut Park 9.2%
Century 21 Millenium
232.5
Royal10.7% LePage Locations North
RE/MAX Four Seasons
175.5
Century 21 Mil enium 8.1%
Sotheby’s
Chestnut Park
132.5
RE/MAX Four Seasons 6.1%
Clairwood
Century 21 Mil enium 18.5 6.1% * ‘Units’ refers to the combined number of Listing Selling Engel & Volkers Sides 15.5 and5.1%
Clairwood
62
Manuel Antunes 2.9%
Forest Hill
** $1,000,000+ 11.5
Sotheby’s
41.5
Sutton Group Incentive 1.9%
Century 21
11
3.6%Sotheby's
Engel & Volkers
35.5
Col1.6% dwell Banker Ronan
Engel & Volkers
4
Royal LePage RCR 1.3%
29
1.3% Other
RE/MAX at Blue
3
Royal LePage Trinity 1%
420
Non-SGBAR 19.6%
Forest Hill Other
T H E B L U E M O U N TA I N S M A R K E T R E P O R T: 2 0 2 0 I N R E V I E W
Chestnut Park
Other
73.5
3.8%Clairwood
22.7%Other
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COLLINGWOOD 705-445-5520
THORNBURY 519-599-2136
330 First St.
27 Arthur St.
CREEMORE 705-881-9005
CRAIGLEITH 705-445-7799
154 Mill St.
209820 Hwy. 26 West.
MEAFORD 519-538-5755
WASAGA BEACH 705-429-4800
96 Sykes St.
1249 Mosley St.
STAYNER 705-428-2800
WASAGA BEACH 705-617-9969
7458 ON-26, #11.
1344 Mosley St. Unit 5.
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