LOCATIONS B R O K E R A G E
GREY HIGHLANDS 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 VOLUME SALES AND PRICES, WITH UNIT SALES AND LISTINGS UP
RECORD YEAR-TO-DATE SALES VOLUME OF $90,115,415 Up 53% from 2019’s $58,850,652, with units of 153 up 34% from 2019’s 114. New listings of 203 up 4% from last year, with the sales/listings ratio of 75% up 17%.
RECORD Q3 SALES VOLUME OF $41,867,000 Up 37% from Q3-2019’s $30,507,462. Units of 70 up 37% from Q3-2019’s 51, with new listings of 72 up 7% and the sales/listings ratio of 97% up 21%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $588,990 Up 14% from the $516,234 of Q3-2019. Average days-on-market of 55 up 7 days.
GREY HIGHLANDS 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 $15,982,600 was up 124% from 2012’s prior record for the month, while its 27 sales were up 17% from 2012’s previous benchmark. September’s average sale price of $591,948 was also a new, all-time high. Lastly, the month’s 117% sales/listings ratio indicates a very strong sellers’ market. Graph 1: Grey Highlands MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $100,000,000
$90,115,415
$90,000,000 $80,000,000 $70,000,000
$58,850,652
$60,000,000 $50,000,000
$43,947,987
$40,000,000 $30,000,000 $20,000,000 $10,000,000 $0
2018
2019
2020
Graph 2: Grey Highlands MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 180
153
160 140
114
120 100
100
80 60 40 20 0
2018
GREY HIGHLANDS 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: Grey Highlands MLS® Residential Sales And Listing Summary 2018 vs. 2019 vs. 2020
2018
2019
2020
2019-2020
$43,947,987
$58,850,652
$90,115,415
+53%
YTD Unit Sales
100
114
153
+34%
YTD New Listings
164
196
203
+4%
YTD Sales/Listings Ratio
61%
58%
75%
+17%
$14,409,900
$30,507,462
$41,867,000
+37%
Q3 U nit Sales
34
51
70
+37%
Q3 New Listings
54
67
72
+7%
63%
76%
97%
+21%
$423,821
$598,186
$598,100
-.001%
$4,706,500
$6,665,900
$15,982,600
+140%
September U nit Sales
11
13
27
+108%
September New Listings
14
19
23
+21%
79%
68%
117%
+49%
$427,864
$512,762
$591,948
+15%
YTD Sales: Under $300K
31
19
16
-16%
YTD Sales: $300K - $499K
41
55
57
+4%
YTD Sales: $500K - $799K
16
27
60
+122%
YTD Sales: $800K - $999K
6
7
11
+57%
YTD Sales: $1M - $1.499M
6
5
5
0%
YTD Sales: $1.5M - $1.999M
0
0
1
+100%
YTD Sales: $2M+
0
1
3
+200%
58
48
55
+15%
$439,480
$516,234
$588,990
+14%
Year-To-Date (YTD) Volume Sales
Third Quarter (Q3) Volume Sales
Q3 Sales/Listings Ratio Q3 Average Sale Price September Volume Sales
September Sales/Listings Ratio September Average Sale Price
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.
GREY HIGHLANDS 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, Grey Highlands’ 2020 sales year has been quite a roller coaster. That said, since May the market has been superactive, the result being big record volume sales. Grey Highland’s year-to-date volume of $90,115,415 is up 50% from 2017’s previous high, However, to put that in perspective, sales since June are up 111% over 2017’s. And Q3-2020’s sales are up 136% from Q3-2017’s. Graph 4 shows that unit sales have followed much the same pattern. However, 2020’s year-to-date unit sales of 153 are down 13% from 2016’s highwater mark of 176.. All in all, some of the best news is Grey Highland’s average sale price increase: it’s up 75%, 25%, 34% and 14% from 2016-19 respectively. Graph 3: Grey Highlands Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $18,000,000
2018
$16,000,000
2019
$14,000,000
2020
$12,000,000 $10,000,000
$8,000,000 $6,000,000 $4,000,000 $2,000,000 $0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Graph 4: Grey Highlands Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 30
2018 2019
25
2020 20
15
10
5
0
Jan
Feb
Mar
GREY HIGHLANDS 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, down in one and even in one. The $300K-$499K, $500K-$799K, $800K-$999K, $1.5M-$1.999M and $2M+ ranges are up 4%, 122%, 57%, 100% and 200% respectively. The Under-$300K range is down 16%, and the $1M-$1.499M is even. More generally, the Under-$500K bracket – which accounts for 48% of 2020’s sales – is down 1% from a year ago. The $500K-$999K bracket – which accounts for 46% of all sales – is up 108%. And the $1M+ bracket – which accounts for 5% of all sales – is up 150%. Graph 5: Grey Highlands MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 70
2018 2019
60
60 55
50
40
2020
57
41
2018 30
2019
31
2020
27
20
19
16
16
10
0
11 6
7
6
5
5 0
Under $300K
$300K-$499K
$500K-$799K
$800K-$999K
$1M-$1.499M
0
1
$1.5M-$1.999M
GREY HIGHLANDS MARKET REPORT: THIRD QUARTER 2020
0
1
3
$2M+
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LOCATIONS B R O K E R A G E
Graph 6: Grey Highlands MLS® Sales By Property Type 2018 vs. 2019 vs. 2020 (Dollars and Units)
2020 $443,325
2020 IN DETAIL 2020
2020
$6,568,034
2
SINGLE-FAMILY HOMES 2020 $6,568,034 DOLLAR SALES : $443,325
$89,672,090 UP 52% from 2019
29
UNIT SALES: 151 UP 32% from 2019
151
$89,672,090
Single Family
Single Family Condominium 2019 Vacant Land
Condominium
2019
2019
Vacant Land
$1,709,507
AV. DAYS-ON-MARKET: 53 UP 5 days from 2019 $89,672,090
AV. SALE PRICE: $593,855 UP 15% from 2019 Single Family Condominium
2019 Vacant Land
CONDOMINIUMS $1,709,507
11
DOLLAR SALES : $443,325 UP 100% from 2019 UNIT SALES: 2 UP 100% from 2019
$58,850,652
114
Single Family
Single Family
Condominium 2018
Condominium
Vacant Land
2018
2018
Vacant Land
$2,037,700
17
AV. DAYS-ON-MARKET: 159 $58,850,652 UP 159 days from 2019 AV. SALE PRICE: $221,663 Single Family UP 100% from 2019
2018
Condominium Vacant Land
$2,037,700 VACANT LAND
DOLLAR SALES: $6,568,034 UP 132% from 2019 UNIT SALES: 29 UP 61% from 2019 $43,947,987
100
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condominium
Vacant Land Vacant Land
GREY HIGHLANDS MARKET REPORT: THIRD QUARTER 2020
$43,947,987
AV. DAYS-ON-MARKET: 58 DOWN 39 days from 2019 Single Family
AV. SALE PRICE: $226,484 Condominium UP 44% 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® GREY HIGHLANDS 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 (West)* 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
Royal LePage Locations North 33.2%
RE/MAX Four Seasons
18.5
RE/MAX Four Seasons 13.8%
15
Chestnut Park 11.2%
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 Century 21 Millenium 7.3% * ‘Units’ refers to9.5 the combined number of Listing Selling Engel & Volkers Sides RE/MAX of Wasaga Beach 5 and 3.7%
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
Clairwood 3.4%
Sotheby’s
4.5
Sotheby's 3.4%
Col2.6% dwell Banker Ronan
Royal LePage Trinity
3.5
Royal LePage RCR 2.6%
1.5% Other
Clairwood
3
Royal LePage Trinity 2.2%
23
Other 17.2%
Non-SGBAR 473.75 26.6%
GREY HIGHLANDS 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
GREY HIGHLANDS MARKET REPORT: THIRD QUARTER 2020
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