LOCATIONS B R O K E R A G E
CLEARVIEW REAL ESTATE MARKET REPORT
SECOND QUARTER 2021 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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OVERVIEW SALES DOWN FROM MARCH’S PEAK, BUT STILL SETTING BIG RECORDS
RECORD YEAR-TO-DATE SALES VOLUME OF $153,748,757 Up 133% from 2020’s $65,905,405, with units of 170 up 75% from one year ago. New listings of 231 up 28%, with the sales/listings ratio of 74% up 20%.
RECORD Q2 SALES VOLUME OF $81,822,412 Up 109% from Q2-2020’s $39,064,905, with units of 88 up 49% from Q2-2020’s 59. New listings of 142 up 58%, with the sales/listings ratio of 62% down 4%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $904,404 Up 33% from 2020’s $679,437. Average days-on-market of 19 down 41 days.
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY The Clearview market had a 100% sale/list price ratio in June. Homes sold in just 14 days on average, down 52 days from one year ago, and there is now just one month of inventory. All that, together with June’s 64% sales/listings ratio, adds up to a sellers’ market. Graph 1: Clearview MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $180,000,000
$153,748,757
$160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000
$65,945,875
$65,905,405
$60,000,000 $40,000,000 $20,000,000 $0
2019
2020
2021
Graph 2: Clearview MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 180
170
160 140 120
120 97
100 80 60 40 20 0
2019
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
2020
2021
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THE MARKET IN DETAIL Table 1: Clearview MLS® Residential Sales And Listing Summary 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$65,945,875
$65,905,405
$153,748,757
+133%
YTD Unit Sales
120
97
170
+75%
YTD New Listings
224
181
231
+28%
YTD Sales/Listings Ratio
54%
54%
74%
+20%
41
39
7
-82%
$37,465,175
$39,064,905
$81,822,412
+109%
72
59
88
+49%
Q2 New Listings
124
90
142
+58%
Q2 Sales/Listings Ratio
58%
66%
62%
-4%
22
25
4
-84%
$520,350
$662,117
$929,800
+40%
YTD Sales: Under $300K
11
1
0
-100%
YTD Sales: $300K - $499K
59
43
18
-58%
YTD Sales: $500K - $799K
38
36
88
+144%
YTD Sales: $800K - $999K
5
6
19
+217%
YTD Sales: $1M - $1.499M
4
4
29
+625%
YTD Sales: $1.5M - $1.999M
3
4
10
+150%
YTD Sales: $2M+
0
3
6
+100%
68
60
19
-38%
$549,549
$679,437
$904,404
+33%
Year-To-Date (YTD) Volume Sales
YTD Expired Listings Second Quarter (Q2) Volume Sales Q2 U nit Sales
Q2 Expired Listings Q2 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 July 3, 2021.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
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THE MARKET IN DETAIL (cont’d) As Graphs 3 and 4 show, the Clearview market continued to set records in Q2 despite the fact that it seems to be cooling. On the volume side, Q2 enjoyed three record months, with its $81,822,412 in volume up 80% from Q2-2017’s previous high. On the units side, Q2 saw two records and its 88 overall sales, while up 49% from last year, were down 14% from Q2-2016’s benchmark 100. That said, signs which indicate a cooling of the market include June’s 69% drop in the sales/listings ratio and its 7.1% drop in the sale/list price ratio, both since January. Nonetheless, Clearview’s year-to-date, average sale price is continuing to do very well. At $904,404 it’s up 93%, 61%, 69%, 65% and 33% from 2016-2020 respectively. Graph 3: Clearview Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $35,000,000
2019 2020
$30,000,000
2021
$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: Clearview Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 50
2019
45
2020
40
2021
35 30 25 20 15 10 5
0
Jan
Feb
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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THE MARKET IN DETAIL (cont’d) As Graph 5 shows, 2021 unit sales are up from 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 144%, 217%, 625%, 150% and 100% respectively. The Under $300K and $300K-$499K ranges are down 100% and 58% respectively. More generally, the Under-$500K bracket – which accounts for 11% of 2021’s sales – is down 59% from a year ago. The $500K-$999K bracket – which accounts for 63% of all sales – is up 155%. And the $1M+ bracket – which accounts for 26% of all sales – is up 309%. Graph 5: Clearview MLS® Sales By Price 2019 vs. 2020 vs. 2021 (Units) 100
2019
90
2020
88
80
2021
70 60
59
50
2019
40
2020
43
38
30
2021
36 29
20 10 0
19
18 11
1
5
6
0
$100K-$299K
$300K-$499K
$500K-$799K
$800K-$999K
4
4
$1M-$1.499M
3
4
10
$1.5M-$1.999M
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
0
3
6
$2M+
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SALES BY PROPERTY TYPE Graph 6: Clearview MLS® Sales By Property Type 2019 vs. 2020 vs. 2021 (Dollars and Units)
2021 $3,856,600
2021 IN DETAIL 2021
2021
$12,626,600
27
7
SINGLE-FAMILY HOMES 2021 $12,626,600 DOLLAR SALES : $3,856,600
$149,892,157 UP 131% from 2020 UNIT SALES: 163 UP 73% from 2020
163
$149,892,157
Single Family
Single Family Condominium 2020 Vacant Land
$1,107,000
Condominium
2020
$980,500
2020
Vacant Land
AV. DAYS-ON-MARKET: 20 DOWN 41 days from 2020 $149,892,157
AV. SALE PRICE: $919,584 UP 33% from 2020 Single Family Condominium
2020 Vacant Land
CONDOS/TOWNS $1,107,000
3
$980,500
DOLLAR SALES: $3,856,600 UP 248% from 2020
6
UNIT SALES: 7 UP 133% from 2020 $64,798,405
AV. DAYS-ON-MARKET: 9 $64,798,405 DOWN 3 days from 2020
94
Single Family
Single Family
Condominium 2019
Condominium
Vacant Land
$2,698,000
2019
2019
Vacant Land
$2,985,577
AV. SALE PRICE: $550,943 Single Family UP 49% from 2020
2019
Condominium Vacant Land
$2,985,577 VACANT LAND
$2,698,000
9
16
DOLLAR SALES: $12,626,600 UP 1187% from 2020 UNIT SALES: 27 UP 350% from 2020 111
$63,247,875
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condo/Town
Vacant Land Vacant Land
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
$63,247,875
AV. DAYS-ON-MARKET: 36 DOWN 56 days from 2020 Single Family
AV. SALE PRICE: $467,652 Condominium UP 186% from 2020 Vacant Land www.locationsnorth.com
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CLEARVIEW AVERAGE SALE PRICES: 2010-2021 BIG GAINS GENERALLY AND ALSO RELATIVE TO INFLATION Clearview’s average sale price for single-family homes in Q2-2021 was $937,098: that’s up 16%, 48%, 69%, 70% and 168% from 2020, 2019, 2018, 2017 and 2010 respectively. There have been no condo sales in 2021. 2020’s average condo price of $378,313 was up 21%, 22%, 31% and 122% from 2019, 2018, 2017 and 2012 respectively. Until 2015 the average sale price of a single-family home was below the inflation rate. From 2016 to Q2-2021 the average price rose to 121% 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 98% rise above the inflation rate by 2020.
$1,000,000 $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
Q2-2021
Single-Family Home Average Sale Price: 2010 > Q2-2021 Canada’s Inflation Rate Based On Clearview’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > Q2-2021 Canada’s Inflation Rate Based On Clearview’s 2012 Condominium Average Sale Price
CLEARVIEW MARKET REPORT: SECOND 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
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
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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%
Locations North Royal LePage Locations North 115.5Royal LePage 37.9%
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%
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 6.1% * ‘Units’ refers to18.5 the combined number of Listing Selling Engel & Volkers Sides 15.5and5.1%
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
Sotheby's 3.6%
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%
73.5
22.7%Other
Century 21 Millenium
Forest Hill Other
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
Chestnut Park
Other
Clairwood 3.8%
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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
Straight Years* Of Record Sales!
Q2 Numbers BY THE
Annual Sales Volume 2020 Sales Up 91% from 2019
4
TIMES MORE
than our closest regional competitor†
1
#
in regional luxury home sales
4+
times more than our closest regional competitor†
642,996+
600
Page Views†
Buyer leads/month§ With over 4X the average industry conversion rate
59,379+ People Reached‡
9,393+
Clicks, Shares, Views, & Likes‡
Region’s Best Market Intelligence
56
LocationsNorth.com We average
Featured Listings
126,688+ Unique Visitors†
Detailed Market Reports Per Year Covering 10 Local Markets
Socially Connected
435,118+
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
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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.
CLEARVIEW MARKET REPORT: SECOND QUARTER 2021
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