LOCATIONS B R O K E R A G E
COLLINGWOOD REAL ESTATE MARKET REPORT
THIRD QUARTER 2020 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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LOCATIONS B R O K E R A G E
OVERVIEW RECORD THIRD QUARTER SALES VOLUME, WITH SALES UNITS AND PRICES UP
RECORD YEAR-TO-DATE SALES VOLUME OF $320,393,015 Up 21% from 2019’s $263,831,974, with units of 509 up 3% from 2019’s 492. New listings of 729 down 8% from a year ago, with the sales/listings ratio of 73% up 11%.
RECORD Q3 SALES VOLUME OF $193,726,970 Up 81% from Q3-2019’s $106,775,097. Units of 288 were up 47% from Q3-2019’s 196, with new listings of 300 up 10%, and the sales/listings ratio of 96% up 24%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $629,456 Up 17% from the $536,244 of a year ago. Average days-on-market of 40 down by 4 days.
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY September’s record volume of $62,734,675 was up 61% from 2019’s prior record for the month, while its 92 unit sales were up 23% from 2019’s previous high. September’s average sale price of $681,899 was also a new, all-time monthly high. Lastly, its 107% sales/listings ratio indicates a strong sellers’ market. Graph 1: Collingwood MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $350,000,000
$320,393,015
$300,000,000
$263,831,974 $250,000,000
$200,000,000
$190,982,349
$150,000,000
$100,000,000
$50,000,000
$0
2018
2019
2020
Graph 2: Collingwood MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 600
492
500
400
509
389
300
200
100
0
2018
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
2019
2020
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LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL Table 1: Collingwood MLS® Residential Sales And Listing Summary 2018 vs. 2019 vs. 2020
2018
2019
2020
2019-2020
$190,982,349
$263,831,974
$320,393,015
+21%
YTD Unit Sales
389
492
509
+3%
YTD New Listings
665
795
729
-8%
YTD Sales/Listings Ratio
58%
62%
73%
+11%
$73,951,850
$106,775,097
$193,726,970
+81%
Q3 U nit Sales
149
196
288
+47%
Q3 New Listings
242
273
300
+10%
Q3 Sales/Listings Ratio
62%
72%
96%
+24%
$496,321
$544,771
$672,663
+23%
$19,510,500
$38,877,382
$62,734,675
+61%
September U nit Sales
39
75
92
+23%
September New Listings
84
102
86
-16%
46%
74%
107%
+33%
$500,269
$518,365
$681,899
+32%
44
42
22
-48%
YTD Sales: $300K - $499K
204
225
194
-14%
YTD Sales: $500K - $799K
111
174
194
+11%
YTD Sales: $800K - $999K
18
32
44
+38%
YTD Sales: $1M - $1.499M
10
14
39
+179%
YTD Sales: $1.5M - $1.999M
0
4
14
+250%
YTD Sales: $2M+
2
1
2
+100%
33
44
40
-9%
$490,957
$536,244
$629,456
+17%
Year-To-Date (YTD) Volume Sales
Third Quarter (Q3) Volume Sales
Q3 Average Sale Price September Volume Sales
September Sales/Listings Ratio September Average Sale Price YTD Sales: Under $300K
YTD Average Days-On-Market YTD 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 Oct. 3, 2020.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
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LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) As Graph 3 shows, Collingwood enjoyed a giant Q3 that consisted of its three best volume sales months ever. Q3’s volume of $193,726,970 was not only up 81% from Q3-2019’s prior high, it was also nearly 60% of last year’s record annual sales. In fact, if you tack on June’s volume of $47,046,134 – when the market really began to recover from the COVID-19 slowdown – you get a four-month total of $240,773,104: more than all of Collingwood’s annual sales except of 2019, 2017 and 2016. Graph 4 tells a similar story with regard to units. There were 60% as many sales from June to September as there were in all of 2019. The good news is that prices have just kept rising: they’re up 93%, 71%, 37%, 28% and 17% from 2015-19 respectively. Graph 3: Collingwood 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: Collingwood Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 120
2018 2019
100
2020 80
60
40
20
0
Jan
Feb
Mar
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) As Graph 5 shows, 2020 unit sales are up from 2019 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 11%, 38%, 179%, 250% and 100% respectively. The Under-$300K and $300K-$499K ranges are down 48% and 14% respectively. More generally, the Under-$500K bracket – which accounts for 42% of 2020’s sales – is down 19% from a year ago. The $500K-$999K bracket – which accounts for 47% of all sales – is up 16%. And the $1M+ bracket – which accounts for 11% of all sales – is up 189%. Graph 5: Collingwood MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 250
2018 2019
225
200
204
2020 194
194 174
150
2018 2019
111
100
2020 44
50 44
18
22
0
39
32
42
Under $300K
$300K-$499K
$500K-$799K
$800K-$999K
10
14
$1M-$1.499M
0
4
14
$1.5M-$1.999M
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
2
1
2
$2M+
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LOCATIONS B R O K E R A G E
SALES BY PROPERTY TYPE Graph 6: Collingwood MLS® Sales By Property Type 2018 vs. 2019 vs. 2020 (Dollars and Units)
2020
2020 IN DETAIL $1,989,900 DOLLAR SALES : $115,575,061
7
$1,989,900
$115,575,061
2020 SINGLE-FAMILY HOMES
2020
2020
$204,817,954 UP 15% from 2019
281
228
AV. DAYS-ON-MARKET: 42 DOWN 4 days from 2019 $204,817,954
$204,817,954
Vacant Land
Condominium
Condominium
2019 Vacant Land
2019
2019
Vacant Land
$1,335,900
$85,462,963
AV. SALE PRICE: $728,890 UP 23% from 2019 Single Family
Single Family
Single Family Condominium 2019
CONDOMINIUMS
6
$85,462,963
UNIT SALES: 228 UP 25% from 2019
$178,369,011
Single Family
Condominium
Condominium
$67,762,387
AV. DAYS-ON-MARKET: 38 $178,369,011 DOWN 3 days from 2019
309
Single Family
2018
$1,335,900
DOLLAR SALES: $115,575,061 UP 35% from 2019
183
Vacant Land
UNIT SALES: 281 DOWN 9% from 2019
AV. SALE PRICE: $506.908 Single Family UP 11% from 2019
2018
2018
2018
Condominium
Vacant Land
$2,297,400
Vacant Land
$2,297,400 VACANT LAND
7
$67,762,387
DOLLAR SALES: $1,989,900 UP 49% from 2019 167
222
$122,604,962
$122,604,962 Single Family
Single Family Condominium
Single Family Vacant Land
UNIT SALES: 7 UP 17% from 2019
Condominium
Condominium
Vacant Land Vacant Land
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
AV. DAYS-ON-MARKET: 119 UP 17 days from 2019 Single Family
AV. SALE PRICE: $284,271 Condominium UP 19% from 2019 Vacant Land www.locationsnorth.com
LOCATIONS B R O K E R A G E
ROYAL LEPAGE LOCATIONS NORTH IN 2019 OUR 7TH STRAIGHT RECORD-BREAKING YEAR! WE BROKE OUR OWN REGIONAL RECORD FOR ANNUAL MLS SALES VOLUME With $316,114,237 – up 10% from 2018 and up nearly 500% from 2011!
WE HAD NEARLY 3 TIMES THE SALES VOLUME OF OUR CLOSEST REGIONAL COMPETITOR WE WERE #1 IN COLLINGWOOD, THE BLUE MTS., MEAFORD, AND CLEARVIEW (as well as GREY HIGHLANDS among SGBAR* brokerages) And #2 in Wasaga Beach after opening an office there in mid-2015.
WE WERE #1 IN THE REGIONAL LUXURY HOME MARKET, WITH 2¼ TIMES THE VOLUME OF OUR CLOSEST COMPETITOR
Locations North Sales Volume, 2011 - 2019 2011 2011 2012 2013 2014 2015
2012
$ $53,047,171
2013
$89,145,175
2014
$96,796,883
2015 2016
$121,934,732
2017
$159,707,227
2016 2017 2018 2019
2018
$215,294,663
2019 $268,894,323 $288,097,462 $316,114,237
*Southern Georgian Bay Association of REALTORS® COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
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LOCATIONS B R O K E R A G E
* Collingwood, The Blue Mts., Wasaga Beach, Meaford, Clearview, Grey Highlands
2019 UNIT SALES Collingwood
** $1,000,000+
The Blue Mountains Royal LePage Locations North
Royal LePage Locations North
RE/MAX Four Seasons
RE/MAX at Blue
Royal LePage Trinity
RE/MAX Four Seasons
Chestnut Park
Chestnut Park
Century 21 Millenium
Century 21 Millenium
Clairwood
Royal LePage Trinity
Engel & Volkers
Clairwood
RE/MAX of Wasaga Beach
Engel & Volkers
Other
Other
Non-SGBAR
Non-SGBAR
Clearview
Meaford
UNITS
Royal LePage Locations North
Locations North 24.5Royal LePage 16.9%
Century 21 Mil enium
Royal LePage Trinity
18.5
RE/MAX Four Seasons 12.8%
RE/MAX Four Seasons
RE/MAX Four Seasons
17
Chestnut Park 11.7%
Royal LePage Locations North
RLP RCR RE/MAX Grey Bruce
Chestnut Park McIntee RLP Trinity Other Non-SGBAR
Southern Georgian Bay Overview* UNITS
PERCENTAGE
RE/MAX of Wasaga Beach
Royal LePage Trinity 11.4%
RE/MAX of Wasaga Beach
202.75
Royal LePage Trinity
Locations North 153.75 Royal LePage 8.6%
Royal7.1% LePage Trinity
Chestnut Park
10
RE/MAX 6.9% of Wasaga Beach
Century 21 Millenium
5.5
Century 21 Millenium 3.8%
Exit
5.5
Sotheby's 3.8%
Forest Hill
2.5
Engel & Volkers 1.7%
Other
21
Other 14.5%
Non-MLS
Non-SGBAR 30.25 20.9%
Southern Georgian Bay Luxury Homes** UNITS
PERCENTAGE
of Wasaga Beach Royal LePage Locations North 443.25 RE/MAX 24.9%
10.25
PERCENTAGE
Royal LePage Locations North
44.5
33.2% Royal LePage Locations North
RE/MAX Four Seasons
18.5
13.8% RE/MAX Four Seasons
15
11.2% Chestnut Park
Chestnut Park
RE/MAX Four Seasons
152.25
Century 21 Millenium 8.5%
Century 21 Millenium
137.25
RE/MAX Four Seasons 7.7%
Century 21 Millenium 7.3% Century 21 Millenium * ‘Units’ refers to9.5 the combined number of Listing Selling Sides RE/MAX of Wasaga Beach 5 and 3.7% Engel & Volkers
97.5
Manuel Antunes 5.5%
Engel & Volkers
49
Sutton Group Incentive 2.7%
RE/MAX at Blue
46.5
Engel & Volkers
27
Chestnut Park
Clairwood
Other
** $1,000,000+4.5
3.4% Clairwood
Sotheby’s
4.5
3.4% Sotheby's
Col2.6% dwell Banker Ronan
Royal LePage Trinity
3.5
2.6% Royal LePage RCR
1.5% Other
Clairwood
3
Royal LePage Trinity 2.2%
23
Other 17.2%
Non-SGBAR 473.75 26.6%
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
Other
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LOCATIONS B R O K E R A G E
WE GIVE YOU OPTIONS AT LOCATIONS NORTH, WE DO EVERYTHING WE CAN TO PUT YOU FIRST – and that includes respecting your privacy. If we can ever be of help with your real estate needs, please let us know.
COLLINGWOOD 705-445-5520 330 First Street
THE BLUE MOUNTAINS 519-599-2136 27 Arthur Street
MEAFORD 519-538-5755 96 Sykes Street
WASAGA BEACH 705-617-9969 1344 Mosley Street, Unit 5
CLEARVIEW 705-881-9005 143 Mill Street, Creemore
COLLINGWOOD MARKET REPORT: THIRD QUARTER 2020
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