LOCATIONS B R O K E R A G E
CLEARVIEW 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 SALES AND PRICES, ON FEWER LISTINGS
RECORD ANNUAL SALES VOLUME OF $138,498,750 Up 34% from 2019’s $103,347,371, with units of 175 up 2% from 2019’s 171. New listings of 233 down 17%, with the sales/listings ratio of 75% up 14%.
RECORD Q4 SALES VOLUME OF $42,565,600 Up 65% from Q4-2019’s $25,847,875. Unit sales of 46 up 21% from Q4-2019’s 38, with new listings of 43 down 19% and the sales/listings ratio of 107% up 35%.
RECORD ANNUAL AVERAGE SALE PRICE OF $791,421 Up 31% from 2019’s $604,371. Average days-on-market of 68 down 3 days.
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY December’s volume was up 84% from 2014’s prior high, while its 9 units were down 44% from 2014’s benchmark 16. December had a 96.4% sale/list price ratio; homes sold 17 days faster on average than last December; and there is now 3 months of inventory. All that, and December’s 82% sales/listings ratio, add up to a sellers’ market.
Graph 1: Clearview MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $160,000,000
$138,498,750
$140,000,000 $120,000,000
$103,347,371
$100,000,000 $80,000,000
$80,815,512
$60,000,000 $40,000,000 $20,000,000 $0
2018
2019
2020
Graph 2: Clearview MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 200 180 160
171
175
150
140 120 100 80 60 40 20 0
2018
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
2019
2020
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LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL Table 1: Clearview MLS® Residential Sales And Listing Summary 2018 vs. 2019 vs. 2020
2018
2019
2020
2019-2020
$80,815,512
$103,347,371
$138,498,750
+34%
Annual Unit Sales
150
171
175
+2%
Annual New Listings
298
281
233
-17%
Annual Sales/Listings Ratio
50%
61%
75%
+14%
$17,568,112
$25,847,875
$42,565,600
+65%
Q4 U nit Sales
32
38
46
+21%
Q4 New Listings
58
53
43
-19%
55%
72%
107%
+35%
$549,004
$680,207
$925,339
+36%
$2,832,500
$5,776,000
$11,569,000
+100%
6
8
9
+13%
11
10
11
+10%
55%
80%
82%
+2%
$472,083
$722,000
$1,285,444
+78%
Annual Sales: Under $300K
16
14
3
-79%
Annual Sales: $300K - $499K
74
75
65
-13%
Annual Sales: $500K - $799K
45
52
56
+8%
Annual Sales: $800K - $999K
7
12
12
0%
Annual Sales: $1M - $1.499M
5
9
17
+89%
Annual Sales: $1.5M - $1.999M
0
8
13
+63%
Annual Sales: $2M+
3
1
9
+800%
60
71
68
-4%
$538,770
$604,371
$791,421
+31%
Annual Volume Sales
Fourth Quarter (Q4) Volume Sales
Q4 Sales/Listings Ratio Q4 Average Sale Price December Volume Sales December U nit Sales December New Listings December Sales/Listings Ratio December Average Sale Price
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.
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
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THE MARKET IN DETAIL (cont’d) Quite a year. Clearview saw its biggest volume sales ever in 2020, largely due to a record stretch from June to December. That stretch yielded $109,064,150 in sales: 79% of Clearview’s 2020 total and 6% more than 2019’s former annual record. Unit sales followed the same pattern, with 75% occurring from June to December – on 15% fewer listings than 2019. That said, unlike its record volume sales, Clearview’s 175 units in 2020 were 22% fewer than 2016’s high of 224. The best news for home owners was 2020’s average sale price of $791,421: it was up 128%, 62%, 46%, 47% and 31% from 2015-19 respectively. It’ll be interesting to see how the market fares in 2021.
Graph 3: Clearview Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $30,000,000
2018 2019
$25,000,000
2020 $20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Graph 4: Clearview Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 35
2018
30
2019
25
2020
20 15 10 5
0
Jan
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
Feb
Mar
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 four price ranges, even in one, and down in two. The $500K-$799K, $1M-$1.499M, $1.5M-$1.999M and $2M+ ranges were up 8%, 89%, 63% and 800% respectively. The $800K- $999K range was even. The Under-$300K and $300K-$499K ranges were down 79% and 13% respectively. More generally, the Under-$500K bracket – which accounted for 39% of 2020’s sales – was down 31% from 2019. The $500K-$999K bracket – which accounted for 39% of all sales – was up 6%. And the $1M+ bracket – which accounted for 22% of all sales – was up 117%. Graph 5: Clearview MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 80
2018 74
70
75
2019 2020
65
60
56
50
52 45
40
2018 2019
30 20
2020 16
17
14
12 12
10
7
3
0
$100K-$299K
5
13
9 0
$300K-$499K
$500K-$799K
$800K-$999K
$1M-$1.499M
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
9
8
$1.5M-$1.999M
3
1 $2M+
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SALES BY PROPERTY TYPE Graph 6: Clearview MLS® Sales By Property Type 2018 vs. 2019 vs. 2020 (Dollars and Units)
2020 $3,026,500
2020 IN DETAIL 2020
2020
2020 SINGLE-FAMILY HOMES $8,269,730 $3,026,500 DOLLAR SALES :
$8,269,730
26
8
$135,472,250 UP 35% from 2019 UNIT SALES: 167 UP 4% from 2019
167
$135,472,250
Single Family
Single Family Condominium 2019 Vacant Land
$2,989,000
Condominium
2019
2019
Vacant Land
$4,648,577
AV. DAYS-ON-MARKET: 70 EQUAL to 2019 $135,472,250
AV. SALE PRICE: $811,211 UP 26% from 2019 Single Family Condominium
2019 Vacant Land
CONDOS/TOWNS $2,989,000
10 15
$4,648,577
DOLLAR SALES : $3,026,500 UP 1% from 2019 UNIT SALES: 8 DOWN 20% from 2019
$100,358,371
161
Single Family
Single Family
2018
Condominium
Condominium Vacant Land
2018
2018
Vacant Land
AV. DAYS-ON-MARKET: 20 $100,358,371 DOWN 69 days from 2019 AV. SALE PRICE: $378,313 Single Family UP 21% from 2019
2018
Condominium Vacant Land
$1,987,500 $1,873,700
$1,987,500 $1,873,700
6 8
RESIDENTIAL LAND DOLLAR SALES: $8,269,730 UP 78% from 2019 UNIT SALES: 26 UP 73% from 2019
$78,828,012
144
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condominium
Vacant Land Vacant Land
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
$78,828,012
AV. DAYS-ON-MARKET: 82 UP 20 days from 2019 Single Family
AV. SALE PRICE: $318,067 Condominium UP 3%Vacant fromLand 2019 www.locationsnorth.com
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CLEARVIEW AVERAGE SALE PRICES: 2010-2020 BIG GAINS GENERALLY AND ALSO RELATIVE TO INFLATION Clearview’s average sale price for single-family homes in 2020 was $811,211: that’s up 26%, 46%, 47%, 69% and 132% from 2019, 2018, 2017, 2016 and 2010 respectively. 2020’s average condo price of $378,313 was up 21%, 22%, 31%, 59% and 80% from 2019, 2018, 2017, 2016 and 2012 respectively. Until 2015 the average sale price of a single-family home was below the inflation rate. From 2016 to 2020 the average price rose to 98% above inflation. Due to 2010’s condo price anomaly and 2011’s no sales, the condo starting point was set at 2012 in the graph below, yielding a 123% rise above the inflation rate by 2020.
$900,000 $800,000 $700,000 $600,000 $500,000
$400,000 $300,000 $200,000 $100,000 $0
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 Clearview’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On Clearview’s 2012 Condominium Average Sale Price
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
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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
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
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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
CLEARVIEW MARKET REPORT: 2020 IN REVIEW
Chestnut Park
Other
73.5
3.8%Clairwood
22.7%Other
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CLEARVIEW MARKET REPORT: 2020 IN REVIEW
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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