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TINY TOWNSHIP REAL ESTATE MARKET REPORT
FIRST QUARTER 2021 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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OVERVIEW BIG RECORD VOLUME, MUCH HIGHER AVERAGE SALE PRICES, MUCH FASTER SALES
RECORD Q1 SALES VOLUME OF $68,327,453 Up 76% from Q1-2020’s $38,748,700, with units of 82 up 11% from Q1-2020’s 74. New listings of 121 down 34% from a year ago, with the sales/listings ratio of 68% up 28%.
RECORD MARCH SALES VOLUME OF $40,026,045 Up 219% from March 2020’s $12,555,500. Units of 47 up 74% from last March’s 27, with new listings of 64 equal to one year ago, and the sales/listings ratio of 73% up 31%.
RECORD Q1 AVERAGE SALE PRICE OF $833,262 Up 59% from the $523,631 of Q1-2020. Average days-on-market of 17 down 36 days.
T I N Y TO W N S H I P. M A R K E T R E P O R T : F I R S T Q U A R T E R 2 0 2 1
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY The Tiny market had a very high 107% sale/list price ratio in March. Homes sold in just 13 days on average, down 19 days from one year ago. And there is currently just 1 month of inventory. All that, together with March’s 73% sales/listings ratio, adds up to a strong sellers’ market. Graph 1: Tiny Township MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $80,000,000
$68,327,453
$70,000,000 $60,000,000 $50,000,000 $40,000,000
$38,748,700 $33,416,399
$30,000,000 $20,000,000 $10,000,000 $0
2019
2020
2021
Graph 2: Tiny Township MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 90
82
80 70
74 63
60 50 40 30 20 10 0
2019
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
2020
2021
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THE MARKET IN DETAIL Table 1: Tiny Township MLS® Residential Sales And Listing Summary 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$33,416,399
$38,748,700
$68,327,453
+76%
63
74
82
+11%
New Listings
141
184
121
-34%
Sales/Listings Ratio
45%
40%
68%
+28%
32
50
27
-46%
8
3
0
-300%
Sales: $300K - $499K
26
36
7
-81%
Sales: $500K - $799K
26
30
43
+43%
Sales: $800K - $999K
1
2
17
+750%
Sales: $1M - $1.499M
2
3
9
+200%
Sales: $1.5M - $1.999M
0
0
3
+300%
Sales: $2M+
0
0
3
+300%
58
53
17
-68%
$530,419
$523,631
$833,262
+59%
Volume Sales Unit Sales
Expired Listings Sales: Under $300K
Average Days-On-Market 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.
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
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THE MARKET IN DETAIL (cont’d) As Graphs 3 and 4 show, Tiny is enjoying an extraordinary sales year. Overall, Q1 volume and unit sales are up 76% and 11% respectively from Q1-2020, with the average sale price up 59%! On the volume side, January and March were record months, with March’s $40,026,045 in sales also making it Tiny’s second best month ever after last August’s benchmark. On the units side, Q1’s 82 topped Q1-2017’s former record 78. Most notably though has been the huge shift in sales to the higher brackets. Q1’s 32 sales in the $800K+ range are up 540% from Q1-2020’s 5. Prices have jumped correspondingly: As well as being up 59% from a year ago, Q1’s average sale price of $833,262 is up 140%, 84%, 63% and 57% from 2016-2019 respectively.. Graph 3: Tiny Township Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $50,000,000
2019
$45,000,000
2020
$40,000,000
2021
$35,000,000 $30,000,000 $25,000,000 $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: Tiny Township Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 70
2019
60
2020
50
2021
40 30 20 10
0
Jan
Feb
Mar
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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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 43%, 750%, 200%, 300% and 300% respectively. The Under-$300K and $300K-$499K ranges are down 300% and 81% respectively. More generally, the Under-$500K bracket – which accounts for 9% of Q1-2021’s sales – is down 82% from a year ago. The $500K- $999K bracket – which accounts for 73% of all sales – is up 88%. And the $1M+ bracket – which accounts for 18% of all sales – is up 400%. Graph 5: Tiny Township MLS® Sales By Price 2019 vs. 2020 vs. 2021 (Units) 50
2019
45
2020 43
40 35
2021
36
30
30
25
26
2019
26
2020
20
2021
17
15 10 5 0
8
9 7
3
1
0 Under $300K
$300K-$499K
$500K-$799K
2
$800K-$999K
2
$1M-$1.499M
3
3
3 0
0
$1.5M-$1.999M
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
0
0 $2M+
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SALES BY PROPERTY TYPE Graph 6: Tiny Township MLS® Sales By Property Type 2019 vs. 2020 vs. 2021 (Dollars and Units)
2021
2021
2021 IN DETAIL 2021
2021 SINGLE-FAMILY HOMES $15,065,438 DOLLAR SALES : $68,327,453 UP 76% from Q1-2020
$15,065,438
65
UNIT SALES: 82 UP 11% from Q1-2020
Single Family
Single Family
2020
Vacant Land
$68,327,453
82
$68,327,453
Condominium
AV. DAYS-ON-MARKET: 17 DOWN 36 days from Q1-2020
Condominium
2020
2020
Vacant Land
$2,898,500
AV. SALE PRICE: $833,262 UP 59% from Q1-2020 Single Family Condominium
2020
Vacant Land
CONDOS/TOWNS $2,898,500
DOLLAR SALES: 0
19
UNIT SALES: 0 AV. DAYS-ON-MARKET: 0
$38,748,700
$38,748,700
74
Single Family
Single Family
Condominium
Condominium
2019
Vacant Land
2019
2019
Vacant Land
$2,323,000
13
AV. SALE PRICE: 0 Single Family
2019
Condominium Vacant Land
$2,323,000 VACANT LAND
DOLLAR SALES: $15,065,438 UP 420% from Q1-2020 UNIT SALES: 65 UP 242% from Q1-2020 $33,416,399
63
Single Family
Single Family
Condominium
Condominium
Single Family Vacant Land
Condo/Town
Vacant LandLand Vacant
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
$33,416,399
AV. DAYS-ON-MARKET: 31 DOWN 29 days from Q1-2020 Single Family
AV. SALE PRICE: $231,776 Condominium UP 52% from Q1-2020 Vacant Land www.locationsnorth.com
LOCATIONS B R O K E R A G E
TINY TOWNSHIP AVERAGE SALE PRICES: 2010-2021 HUGE GAINS, BOTH GENERALLY AND RELATIVE TO INFLATION Tiny’s average sale price for single-family homes underwent modest increases from 2010-2014 and then began to climb rapidly in 2015. In Q1-2021 it reached $833,262 — up 32%, 47%, 57%, 85%, 128% and 182% from 2020, 2019, 2018, 2017, 2016 and 2010 respectively. From 2010 to 2014 Tiny’s annual average sale price for single-family homes increased at approximately Canada’s inflation rate. From 2015 to Q1-2021 the average price rose 134% above the inflation rate.
$900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000
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 Tiny’s 2010 Single-Family Home Average Sale Price
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
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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
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
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Georgian Triangle’s
MOST SUPPORTIVE BROKERAGE
$825,000+
1
#
Raised for local causes & Community Sponsorships from 2013-2020
Georgian Triangle
BROKERAGE
8
4,333+
Clicks, Shares, Views, & Likes‡
Q1 Numbers
Region’s Best Market Intelligence
BY THE
1
#
from 2019
Almost
4
TIMES MORE
than our closest regional competitor
†
52 in regional luxury home sales
4+
285,872+
times more than our closest regional competitor
308,757+
600
Page Views†
Buyer leads/month§ With over 4X the average industry conversion rate
62,165+
Unique Visitors†
Detailed Market Reports Per Year FOR YOU
Socially Connected
Social Media Impressions †
LocationsNorth.com We average
27,690+ People Reached‡
Straight Years* Of Record Sales!
Annual Sales Volume 2020 Sales Up 91%
Featured Listings
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
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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.
TINY TOWNSHIP MARKET REPORT: FIRST QUARTER 2021
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