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COLLINGWOOD REAL ESTATE MARKET REPORT
SECOND QUARTER 2021 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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OVERVIEW RECORD VOLUME AND AVERAGE SALE PRICES CONTINUE
RECORD YEAR-TO-DATE SALES VOLUME OF $306,465,536 Up 124% from 2020’s $136,516,390, with units of 386 up 61% from last year’s 240. New listings of 523 up 12%, with the sales/listings ratio of 74% up 22%.
RECORD Q2 SALES VOLUME OF $183,323,841 Up 149% from Q2-2020’s $73,609,434, with units of 233 up 77% from Q2-2020’s 132. New listings of 315 up 21%, with the sales/listings ratio of 74% up 23%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $793,952 Up 40% from 2020’s $568,818. Average days-on-market of 16 down by 29 days.
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY The Collingwood market had a 100% sale/list price ratio in June. Homes sold in just 14 days on average, down 26 days from one year ago, and there is now one month of inventory. All that, together with June’s 74% sales/listings ratio, adds up to a sellers’ market. Graph 1: Collingwood MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $350,000,000
$306,465,536 $300,000,000
$250,000,000
$200,000,000
$162,544,655 $136,516,390
$150,000,000
$100,000,000
$50,000,000
$0
2019
2020
2021
Graph 2: Collingwood MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 450
386
400 350 300
306 240
250 200 150 100 50 0
2019
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
2020
2021
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THE MARKET IN DETAIL Table 1: Collingwood MLS® Residential Sales And Listing Summary 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$162,544,655
$136,516,390
$306,465,536
+124%
YTD Unit Sales
306
240
386
+61%
YTD New Listings
548
465
523
+12%
YTD Sales/Listings Ratio
59%
52%
74%
+22%
55
63
13
-79%
$105,685,829
$73,609,434
$183,323,841
+149%
Q2 U nit Sales
196
132
233
+77%
Q2 New Listings
334
260
315
+21%
Q2 Sales/Listings Ratio
59
51%
74%
+23%
Q2 Expired Listings
30
31
6
-81%
$539,111
$557,647
$786,798
+41%
26
17
4
-76%
YTD Sales: $300K - $499K
135
104
61
-41%
YTD Sales: $500K - $799K
116
89
188
+111%
YTD Sales: $800K - $999K
19
15
60
+300%
YTD Sales: $1M - $1.499M
8
10
56
+460%
YTD Sales: $1.5M - $1.999M
1
5
11
+120%
YTD Sales: $2M+
1
0
6
+600%
42
45
16
-64%
$531,192
$568,818
$793,952
+40%
Year-To-Date (YTD) Volume Sales
YTD Expired Listings Second Quarter (Q2) Volume Sales
Q2 Average Sale Price YTD Sales: Under $300K
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.
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
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THE MARKET IN DETAIL (cont’d) As Graphs 3 and 4 show, the Collingwood market continued to set records in Q2 despite its gradual cooling since April’s high. On the volume side, Q2 enjoyed two record months, with its $183,323,841 in sales up 68% from Q2-2017’s previous high. On the units side, Q2 also saw two monthly records although its 233 sales, while up 77% from last year, were down 6% from Q2-2016’s benchmark 249. That said, in addition to June’s drop in volume and units from April, another indicator of a slight market cooling was June’s 7.7% drop in the sale/list price ratio since March. Nonetheless, Collingwood’s year-to-date, average sale price is doing exceptionally well. At $793,952 it’s up 119%, 68%, 62%, 49% and 40% from 2016-2020 respectively. Graph 3: Collingwood Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $90,000,000
2019
$80,000,000
2020
$70,000,000
2021
$60,000,000 $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: Collingwood Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 140
2019
120
2020
100
2021
80 60 40 20
0
Jan
Feb
Mar
COLLINGWOOD MARKET REPORT: SECOND 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, 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 111%, 300%, 460%, 120% and 600% respectively. The Under-$300K and $300K-$499K ranges are down 76% and 41% respectively. More generally, the Under-$500K bracket – which accounts for 17% of 2021’s sales – is down 46% from a year ago. The $500K- $999K bracket – which accounts for 64% of all sales – is up 138%. And the $1M+ bracket – which accounts for 19% of all sales – is up 387%. Graph 5: Collingwood MLS® Sales By Price 2019 vs. 2020 vs. 2021 (Units) 200
2019 188
180
2020
160
2021
140 135
120
116
100
2019
104
2020
89
80 60
2021
61
60
56
40 20 0
26
17
19
4
Under $300K
$300K-$499K
$500K-$799K
15
$800K-$999K
8
10
$1M-$1.499M
1
5
11
$1.5M-$1.999M
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
1
0
6
$2M+
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SALES BY PROPERTY TYPE Graph 6: Collingwood MLS® Sales By Property Type 2019 vs. 2020 vs. 2021 (Dollars and Units)
2021 $121,801,425
2021 IN DETAIL SINGLE-FAMILY HOMES 2021
2021
2021
15
$11,575,000
$11,575,000 DOLLAR SALES : $121,801,425
$184,664,111 UP 105% from 2020
192
194
UNIT SALES: 194 UP 41% from 2020 AV. DAYS-ON-MARKET: 12 DOWN 38 days from 2020 $184,664,111
$184,664,111 Single Family
Single Family Condominium 2020 Vacant Land
$46,259,356
AV. SALE PRICE: $951,877 UP 46% from 2020 Single Family
Condominium
Condominium
2020 Vacant Land
2020
2020
Vacant Land
$160,000
CONDOS/TOWNS
1
$46,259,356
138
102
Single Family
Single Family
Condominium 2019
Condominium
$52,140,234
UNIT SALES: 192 UP 88% from 2020 AV. DAYS-ON-MARKET: 21 $90,257,034 DOWN 19 days from 2020
$90,257,034
Vacant Land
$160,000
DOLLAR SALES: $121,801,425 UP 163% from 2020
2019
2019
Vacant Land
$1,203,000
5
AV. SALE PRICE: $634,382 Single Family UP 40% from 2020
2019
Condominium Vacant Land
$1,203,000
VACANT LAND
$52,140,234
DOLLAR SALES: $11,575,000 UP 7134% from 2020 118
$110,404,431
UNIT SALES: 15 UP 1400% from 2020 188
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condo/Town
Vacant Land Vacant Land
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
$110,404,431
AV. DAYS-ON-MARKET: 434 UP 406 days from 2020 Single Family
AV. SALE PRICE: $771,667 Condominium UP 382% from 2020 Vacant Land www.locationsnorth.com
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COLLINGWOOD AVERAGE SALE PRICES: 2010-2021 HUGE GAINS GENERALLY AND ALSO RELATIVE TO INFLATION Collingwood’s average sale price for single-family homes in Q2-2021 was $936,717: that’s up 23%, 58%, 68%, 82% and 242% from 2020, 2019, 2018, 2017 and 2010 respectively. Q2- 2021’s average condo price of $582,673 is up 15%, 32%, 49%, 53% and 160% from 2020, 2019, 2018, 2017 and 2010 respectively. From 2010-2012 the average sale price of single-family homes increased at roughly Canada’s inflation rate. From 2013 to Q2-2021 the average price rose to 182% above inflation. The condo average price was under the inflation rate in 2014 before rising to 114% above inflation in Q2-2021.
$1,000,000 $900,000 $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
Q2-2021
Single-Family Home Average Sale Price: 2010 > Q2-2021 Canada’s Inflation Rate Based On Collingwood’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > Q2-2021 Canada’s Inflation Rate Based On Collingwood’s 2010 Condominium Average Sale Price
COLLINGWOOD 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
COLLINGWOOD 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 Overview* 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%
Royal LePage Locations North 115.5 Royal37.9% LePage Locations North
RE/MAX of Wasaga Beach
Royal LePage Trinity 11.3%
RE/MAX Four Seasons
246
Chestnut Park
28.5
9.3% RE/MAX Four Seasons
28
9.2% Chestnut Park
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
18.5 6.1% Century 21 Mil enium * ‘Units’ refers to the combined number of Listing Selling Sides 15.5 and5.1% Engel & Volkers
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
1.3% Royal LePage RCR
29
1.3% Other
RE/MAX at Blue
3
Royal LePage Trinity 1%
420
Non-SGBAR 19.6%
Forest Hill Other
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
Other
73.5
3.8%Clairwood
22.7%Other
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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.
COLLINGWOOD MARKET REPORT: SECOND QUARTER 2021
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