LOCATIONS B R O K E R A G E
WASAGA BEACH 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 BIG RECORD VOLUME AND UNIT SALES, WITH AVERAGE SALE PRICE WAY UP
RECORD Q1 SALES VOLUME OF $113,189,123 Up 124% from Q1-2020’s $50,589,931, with units of 162 up 62% from Q1-2020’s 100. New listings of 193 down 16% from a year ago, with the sales/listings ratio of 84% up 41%.
RECORD MARCH SALES VOLUME OF $66,880,058 Up 220% from March 2020’s $20,918,975. Units of 92 up 124% from last March’s 41, with new listings of 109 down 2% and the sales/listings ratio of 84% up 47%.
RECORD Q1 AVERAGE SALE PRICE OF $698,698 Up 38% from the $505,889 of Q1-2020. Average days-on-market of 18 down 28 days.
WASAGA BEACH 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 Wasaga Beach market had a very high 105.6% sale/list price ratio in March. Homes sold in just 12 days on average, down 30 days from one year ago. And there is now just one month of inventory. All that, together with March’s 84% sales/listings ratio, adds up to a very strong sellers’ market. Graph 1: Wasaga Beach MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $120,000,000
$113,189,123
$100,000,000
$80,000,000
$60,000,000
$44,572,400
$50,589,931
$40,000,000
$20,000,000
$0
2019
2020
2021
Graph 2: Wasaga Beach MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 180
162
160 140 120 100
96
100
80 60 40 20 0
2019
WA S AG A B E AC H 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
2020
2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL Table 1: Wasaga Beach MLS® Residential Sales And Listing Summary 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$44,572,400
$50,589,931
$113,189,123
+124%
96
100
162
+62%
New Listings
227
230
193
-16%
Sales/Listings Ratio
42%
43%
84%
+41%
33
41
5
-88%
9
3
0
-300%
Sales: $300K - $499K
48
56
22
-61%
Sales: $500K - $799K
39
34
100
+194%
Sales: $800K - $999K
0
4
28
+600%
Sales: $1M - $1.499M
0
3
12
+300%
64
46
18
-61%
$464,296
$505,899
$698,698
+38%
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.
WA S AG A B E AC H 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
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) Just one look at Graphs 3 and 4 makes it clear what kind of sales Wasaga has had this year. Overall, Q1 volume and unit sales were up 124% and 62% respectively from Q1-2020. On the volume side, January was up 46% from 2017’s former record; February was up 57% from 2020’s record; and March was not only up 103% from 2017’s record, but it was just 1% shy of last August’s all-time monthly benchmark. On the units side, Q1-2021’s 162 sales were up 7% from Q1-2016’s previous record 152. Perhaps most striking is the fact that the $500K+ bracket, which made up 41% of Q1-2020’s sales, rose to 86% of Q1-2021’s sales; and it was up 241% from a year ago. Prices have jumped accordingly: Q1’s average sale price of $698,698 is up 114%, 74%, 68%, 50% and 38% from 2016-2020 respectively. Graph 3: Wasaga Beach Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $80,000,000
2019
$70,000,000
2020
$60,000,000
2021
$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: Wasaga Beach Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 140
2019
120
2020
100
2021
80 60 40 20
0
Jan
Feb
Mar
WA S AG A B E AC H 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
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 three price ranges and down in two. The $500K$799K, $800K-$999K and $1M-$1.499M ranges are up 194%, 600% and 300% respectively. The Under-$300K and $300K-$499K ranges are down 300% and 61% respectively. More generally, the Under-$500K bracket – which accounts for 14% of 2021’s sales – is down 63% from a year ago. The $500K- $999K bracket – which accounts for 79% of all sales – is up 237%. And the $1M+ bracket – which accounts for 7% of all sales – is up 300%. Graph 5: Wasaga Beach MLS® Sales By Price 2019 vs. 2020 vs. 2021 (Units) 120
2019 2020
100
100
2021
80
60
2019 56
40
2021 39
20
0
2020
48 34
28
22 9
3 Under $300K
0
0 $300K-$499K
$500K-$799K
4 $800K-$999K
WASAGA BEACH MARKET REPORT: FIRST QUARTER 2021
0
3
12
$1M-$1.499M
www.locationsnorth.com
LOCATIONS B R O K E R A G E
SALES BY PROPERTY TYPE Graph 6: Wasaga Beach MLS® Sales By Property Type 2019 vs. 2020 vs. 2021 (Dollars and Units)
2021
2021 IN DETAIL 2021
2021
$4,901,700 DOLLAR SALES : $13,153,350
$100,035,773 UP 121% from Q1-2020
$4,901,700
$13,153,350
18 23
UNIT SALES: 139 UP 64% from Q1-2020
$100,035,773
Single Family
Single Family
Vacant Land
AV. DAYS-ON-MARKET: 16 DOWN 25 days from Q1-2020
139
$100,035,773
Condominium 2020
Condominium
2020
2020
Vacant Land
$1,252,000
$5,354,500
2021 SINGLE-FAMILY HOMES
AV. SALE PRICE: $719,682 UP 35% from Q1-2020 Single Family Condominium
2020 Vacant Land
CONDOS/TOWNS $5,354,500
$1,252,000
DOLLAR SALES: $13,153,350 UP 146% from Q1-2020
8 15
UNIT SALES: 23 UP 53% from Q1-2020 $45,235,431
AV. DAYS-ON-MARKET: 31 $45,235,431 DOWN 42 days from Q1-2020
85
Single Family
Single Family
Condominium
Condominium
2019
Vacant Land
$2,929,500
2019
2019
Vacant Land
$452,400
8
4
AV. SALE PRICE: $571,885 Single Family UP 60% from Q1-2020
2019
Condominium Vacant Land
$452,400 VACANT LAND
$2,929,500
DOLLAR SALES: $4,901,700 UP 292% from Q1-2020 UNIT SALES: 18 UP 125% from Q1-2020 $41,642,900
88 Single Family
Single Family Condominium
Single Family Vacant Land
Condominium
Condo/Town
Vacant Land Vacant Land
WA S AG A B E AC H 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
$41,642,900
AV. DAYS-ON-MARKET: 25 DOWN 63 days from Q1-2020 Single Family
AV. SALE PRICE: $272,317 Condominium UP 74% from Q1-2020 Vacant Land www.locationsnorth.com
LOCATIONS B R O K E R A G E
WASAGA BEACH AVERAGE SALE PRICES: 2010-2021 BIG GAINS, BOTH GENERALLY AND RELATIVE TO INFLATION Wasaga Beach’s average sale price for single-family homes in Q1-2021 was $719,682: that’s up 23%, 48%, 60%, 66% and 169% from 2020, 2019, 2018, 2017 and 2010 respectively. Q1-2021’s average condo price of $532,575 is up 57%, 65%, 87%, 69% and 246% from 2020, 2019, 2018, 2017 and 2010 respectively. From 2010-2014 the average sale price for single-family homes increased at roughly Canada’s inflation rate and then rose to 124% over inflation in Q1-2021. Condo prices rose parallel to the rate of inflation from 2010-2012, were 22% above inflation by 2016, and then rose to 188% over inflation in Q1-2020.
$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 Wasaga Beach’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > Q1-2021 Canada’s Inflation Rate Based On Wasaga Beach’s 2010 Condominium Average Sale Price
WA S AG A B E AC H . 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
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
WA S AG A B E AC H 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
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.
WA S AG A B E AC H 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
www.locationsnorth.com