LOCATIONS B R O K E R A G E
COLLINGWOOD REAL ESTATE MARKET REPORT
FIRST QUARTER 2021 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
www.locationsnorth.com
LOCATIONS B R O K E R A G E
OVERVIEW RECORD VOLUME AND UNIT SALES, WITH AVERAGE SALE PRICE WAY UP
RECORD Q1 SALES VOLUME OF $123,141,695 Up 96% from Q1-2020’s $62,906,956, with units of 153 up 42% from Q1-2020’s 108. New listings of 208 up 1% from a year ago, with the sales/listings ratio of 74% up 21%.
RECORD MARCH SALES VOLUME OF $63,055,683 Up 252% from March 2020’s $17,912,156. Units of 78 up 189% from last March’s 27, with new listings of 94 up 12%, and the sales/listings ratio of 83% up 51%.
RECORD Q1 AVERAGE SALE PRICE OF $804,848 Up 38% from the $582,742 of Q1-2020. Average days-on-market of 17 down by 33 days.
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY The Collingwood market had a very high 107.7% sale/list price ratio in March. Homes sold in just 16 days on average, down 28 days from one year ago. And there is now just one month of inventory. All that, together with March’s 83% sales/listings ratio, add up to a very strong sellers’ market. Graph 1: Collingwood MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $140,000,000
$123,141,695 $120,000,000
$100,000,000
$80,000,000
$60,000,000
$56,878,836
$62,906,956
$40,000,000
$20,000,000
$0
2019
2020
2021
Graph 2: Collingwood MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 180
153
160 140 120
110
108
100 80 60 40 20 0
2019
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
2020
2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL Table 1: Collingwood MLS® Residential Sales And Listing Summary 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$56,878,836
$62,906,956
$123,141,695
+96%
Q1 Unit Sales
110
108
153
+42%
Q1 New Listings
214
205
208
+1%
Q1 Sales/Listings Ratio
51%
53%
74%
+21%
Q1 Expired Listings
25
32
7
-78%
Q1 Sales: Under $300K
10
9
0
-900%
Q1 Sales: $300K - $499K
47
46
22
-52%
Q1 Sales: $500K - $799K
41
34
77
+126%
Q1 Sales: $800K - $999K
9
11
25
+127%
Q1 Sales: $1M - $1.499M
3
6
21
+250%
Q1 Sales: $1.5M - $1.999M
0
2
4
+100%
Q1 Sales: $2M+
0
0
4
+400%
51
50
17
-66%
$517,080
$582,472
$804,848
+38%
First Quarter (Q1) Volume Sales
Q1 Average Days-On-Market Q1 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 April. 3, 2021.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) As Graphs 3 and 4 make clear, Collingwood enjoyed record volume and unit sales in Q1. On the volume side, not only was Q1’s record $123,141,695 up 96% from Q1-2020’s previous record of $62,906,956; March’s $63,055,683 itself was up 1% from Q1-2020, and was also Collingwood’s fourth best month ever. On the units side, Q1’s 153 sales were up 18% from Q1-2017’s former benchmark 101. That said, perhaps most noteworthy is the fact that unit sales in the $500K+ bracket – which accounted for 86% of Collingwood’s total – were up 147% from Q1-2020. Sale prices were also up correspondingly: Q1’s average sale price of $804,843 was up 134%, 76%, 82%, 56% and 38% from 2016-2020 respectively. Graph 3: Collingwood Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $90,000,000
2019
$80,000,000
2020
$70,000,000
2021
$60,000,000 $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: Collingwood Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 140
2019
120
2020
100
2021
80 60 40 20
0
Jan
Feb
Mar
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) As Graph 5 shows, Q1-2021 unit sales are up from Q1-2020 in five price ranges and down in two . The $500K-$799K, $800K-$999K, $1M-$1.499M, $1.5M-$1.999M and $2M+ ranges are up 126%, 127%, 250%, 100% and 400% respectively. The Under-$300K and $300K-$499K ranges are down 900% and 52% respectively. More generally, the Under-$500K bracket – which accounts for 14% of 2021’s sales – is down 60% from a year ago. The $500K- $999K bracket – which accounts for 67% of all sales – is up 127%. And the $1M+ bracket – which accounts for 19% of all sales – is up 262%. Graph 5: Collingwood MLS® Sales By Price 2019 vs. 2020 vs. 2021 (Units) 90
2019
80
2020 77
70
2021
60 50 47
40
2019
46
20
0
2021
34
30
10
2020
41
25
22
10
9
9
0
Under $300K
$300K-$499K
$500K-$799K
11
$800K-$999K
21
3
6
$1M-$1.499M
0
2
4
$1.5M-$1.999M
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
0
0
4
$2M+
www.locationsnorth.com
LOCATIONS B R O K E R A G E
SALES BY PROPERTY TYPE Graph 6: Collingwood MLS® Sales By Property Type 2019 vs. 2020 vs. 2021 (Dollars and Units)
2021
2021 IN DETAIL
$6,182,000
$44,326,588
SINGLE-FAMILY HOMES 2021
2021
2021
$6,182,000 DOLLAR SALES : $44,326,588
$78,815,107 UP 92% from Q1-2020
10
81
72
AV. SALE PRICE: $973,026 UP 37% from Q1-2020 Single Family
Single Family
Single Family
Vacant Land
AV. DAYS-ON-MARKET: 10 DOWN 43 days from Q1-2020 $78,815,107
$78,815,107
Condominium 2020
UNIT SALES: 81 UP 40% from Q1-2020
Condominium
Condominium
2020 Vacant Land
2020
2020
Vacant Land
CONDOS/TOWNS
$21,751,156
$21,751,156
DOLLAR SALES: $44,326,588 UP 104% from Q1-2020
58
50
AV. DAYS-ON-MARKET: 24 $41,155,800 DOWN 23 days from Q1-2020
$41,155,800
Single Family
Single Family
Condominium 2019
Condominium
Vacant Land
$16,396,000
UNIT SALES: 72 UP 44% from Q1-2020
2019
2019
Vacant Land
$713,000
3
AV. SALE PRICE: $615,647 Single Family UP 42% from Q1-2020
2019
Condominium Vacant Land
$713,000
VACANT LAND
$16,396,000
DOLLAR SALES: $6,182,000 UP 100% from Q1-2020
39
UNIT SALES: 10 UP 100% from Q1-2020 $40,482,835
71
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condo/Town
Vacant Land Vacant Land
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
$40,482,835
AV. DAYS-ON-MARKET: 577 UP 100% from Q1-2020 Single Family
AV. SALE PRICE: $618,200 Condominium UP 100% from Q1-2020 Vacant Land www.locationsnorth.com
LOCATIONS B R O K E R A G E
COLLINGWOOD AVERAGE SALE PRICES: 2010-2021 HUGE GAINS GENERALLY AND ALSO RELATIVE TO INFLATION Collingwood’s average sale price for single-family homes in Q1-2021 was $973,026: that’s up 29%, 65%, 75%, 89% and 250% from 2020, 2019, 2018, 2017 and 2010 respectively. Q1- 2021’s average condo price of $597,365 is up 18%, 36%, 53%, 57% and 167% from 2020, 2019, 2018, 2017 and 2010 respectively. From 2010-2012 the average sale price of single-family homes increased at roughly Canada’s inflation rate. From 2013 to Q1-2021 the average price rose to 195% above inflation. The condo average price was under the inflation rate in 2014 before rising to 122% above inflation in Q1-2021.
$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
Q1-2021
Single-Family Home Average Sale Price: 2010 > Q1-2021 Canada’s Inflation Rate Based On Collingwood’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > Q1-2021 Canada’s Inflation Rate Based On Collingwood’s 2010 Condominium Average Sale Price
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
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
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
* 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 Overview* 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%
Royal LePage Locations North 115.5 Royal37.9% LePage Locations North
RE/MAX of Wasaga Beach
Royal LePage Trinity 11.3%
RE/MAX Four Seasons
246
Chestnut Park
28.5
9.3% RE/MAX Four Seasons
28
9.2% Chestnut Park
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
18.5 6.1% Century 21 Mil enium * ‘Units’ refers to the combined number of Listing Selling Sides 15.5 and5.1% Engel & Volkers
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
1.3% Royal LePage RCR
29
1.3% Other
RE/MAX at Blue
3
Royal LePage Trinity 1%
420
Non-SGBAR 19.6%
Forest Hill Other
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
Other
73.5
3.8%Clairwood
22.7%Other
www.locationsnorth.com
Georgian Triangle’s
MOST SUPPORTIVE BROKERAGE
$825,000+
1
#
Raised for local causes & Community Sponsorships from 2013-2020
Georgian Triangle
BROKERAGE
8
Straight Years* Of Record Sales!
Q1 Numbers BY THE
Annual Sales Volume 2020 Sales Up 91% from 2019
Almost
4
TIMES MORE
than our closest regional competitor†
1
#
in regional luxury home sales
4+
times more than our closest regional competitor†
308,757+
600
Page Views†
Buyer leads/month§ With over 4X the average industry conversion rate
27,690+ People Reached‡
4,333+
Clicks, Shares, Views, & Likes‡
Region’s Best Market Intelligence
52
LocationsNorth.com We average
Featured Listings
62,165+
Unique Visitors†
Detailed Market Reports Per Year FOR YOU
Socially Connected
285,872+
Social Media Impressions Clicks, Views, Shares, Likes, Tweets‡
$36,720 Giving back and working in our community
Raised for Local Charities in 2020
$22,500
COLLINGWOOD: 705-445-5520 | CREEMORE: 705-881-9005 | MEAFORD: 519-538-5755 THORNBURY: 519-599-2136 | WASAGA BEACH: 705-617-9969 *
By MLS® dollar volume sales in each of the last 8 years. †Based on Google Analytics (January 1st, 2021 to March 31th, 2021). ‡Based on social media channels (January 1st, 2021 to March 31th, 2021). §Based on March 2021 lead volume
LOCATIONS B R O K E R A G E
PERSONAL PROFESSIONAL PROGRESSIVE REAL ESTATE SERVICE
At Locations North we do everything we can to put you first. And that includes completely respecting your privacy. If we can ever be of help with your real estate needs, please give us a call or visit our website at www.locationsnorth.com
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.
COLLINGWOOD MARKET REPORT: FIRST QUARTER 2021
www.locationsnorth.com