Q2 Tiny Market Report - The Signature Sold Team

LOCATIONS B R O K E R A G E

TINY TOWNSHIP REAL ESTATE MARKET REPORT

SECOND QUARTER 2020 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 VOLUME, UNITS, LISTINGS AND AVERAGE PRICES UP

YEAR-TO-DATE SALES VOLUME OF $66,371,888 Down 1% from 2019’s $66,927,705, with units of 123 equal to 2019. New listings of 242 down 22% from one year ago, with the sales/listings ratio of 51% up 11%.

Q2 SALES VOLUME OF $41,661,188 Down 9% from 2019’s $45,597,205. Units of 75 down 7% from Q2-2019’s 81, with new listings of 127 down 41% and the sales/listings ratio of 59% up 21%.

YEAR-TO-DATE AVERAGE SALE PRICE OF $539,609 Down 1% from last year’s $544,128. Average days-on-market of 49 up 9 days.

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

www.locationsnorth.com

LOCATIONS B R O K E R A G E

OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS CURRENTLY GREATER THAN THE SUPPLY COVID-19 had relatively little effect on June’s numbers. Volume of $20,093,788 was down 13% from 2019, but up 7% from 2018. Units of 34 were down from 2019’s 42 and 2018’s 36, but the average sale price was up 8% and 14% respectively. New listings were down 37% from 2019, yielding a 67% sales/listings ratio and a sellers’ market.

Graph 1: Tiny Township MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $80,000,000 $70,000,000

$63,062,988

$66,927,705

$66,371,888

2019

2020

$60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000

$10,000,000 $0

2018

Graph 2: Tiny Township MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 140

120

119

123

123

2018

2019

2020

100

80

60

40

20

0

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

www.locationsnorth.com

LOCATIONS B R O K E R A G E

THE MARKET IN DETAIL Table 1: Tiny Township MLS® Residential Sales And Listing Summary 2018 vs. 2019 vs. 2020

2018

2019

2020

2019-2020

$63,062,988

$66,927,705

$66,371,888

-1%

YTD Unit Sales

119

123

123

0%

YTD New Listings

264

311

242

-22%

YTD Sales/Listings Ratio

45%

40%

51%

+11%

31

47

55

+17%

$42,546,888

$45,597,205

$41,661,188

-9%

80

81

75

-7%

Q2 New Listings

181

216

127

-41%

Q2 Sales/Listings Ratio

44%

38%

59%

+21%

14

27

25

-7%

$531,836

$562,928

$555,483

-1%

$18,739,700

$22,990,645

$20,093,788

-13%

June U nit Sales

36

42

34

-19%

June New Listings

73

81

51

-37%

49%

52%

67%

+15%

6

10

10

0%

$520,547

$547,396

$590,994

+8%

YTD Sales: $100K - $299K

21

18

6

-67%

YTD Sales: $300K - $499K

56

51

58

+14%

YTD Sales: $500K - $799K

25

41

47

+15%

YTD Sales: $800K - $999K

6

5

5

0%

YTD Sales: $1M - $1.499M

5

6

6

0%

YTD Sales: $1.5M - $1.999M

6

1

1

0%

YTD Sales: $2M+

0

1

0

-100%

43

40

49

+23%

$529,941

$544,128

$539,609

-1%

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 June Volume Sales

June Sales/Listings Ratio June Expired Listings June 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.

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

www.locationsnorth.com

LOCATIONS B R O K E R A G E

THE MARKET IN DETAIL (cont’d) Looking at Graph 3 , what is most striking is how similar 2020’s and 2019’s sales lines are. The key differences are February and June, which offset one another. The same is more or less true with Graph 4. The point is: even though COVID -19 affected how real estate was practiced, it had surprisingly little effect on 2020’s sales numbers. As to the specifics, 2020 had just 1% less volume than 2019, and both saw 123 sales. The main difference was 2020’s 22% fewer listings, making it a sellers’ market, whereas 2019 was a buyers’. As far as average sale prices go, 2020 is down 1% from 2019, but up 54%, 23% and 2% from 2016-2018 respectively.

Graph 3: Tiny Township Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $25,000,000

2018 2019

$20,000,000

2020

$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 2018 vs. 2019 vs. 2020 (Units) 45

2018

40

2019

35

2020

30 25 20 15 10 5 0

Jan

Feb

Mar

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

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, 2020’s unit sales are up from 2019 in two price ranges, down in one and equal in three. The $300K$499K and $500K-$799K ranges are up 14% and 15% respectively. The Under-$300K range is down 67%. And the $800K-$999K, $1M-$1.499M and $1.5M+ ranges are equal. More generally, sales in the Under-$500K bracket – which account for 52% of 2020’s sales – are down 7% from 2019. Sales in the $500K-$999K bracket – which account for 42% of the sales – are up 13%. And sales in the $1M+ bracket – which account for 6% of the sales – are down 12%.

Graph 5: Tiny Township MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 70

2018 2019

60 58

56

50

2020

51 47

40

41

2018 2019

30

20

2020

25 21

18

10 6

0

Under $300K

6 $300K-$499K

$500K-$799K

5

5

$800K-$999K

5

6

6

$1M-$1.499M

6

1

1

0

1

0

$1.5M-$1.999M

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

www.locationsnorth.com

LOCATIONS B R O K E R A G E

SALES BY PROPERTY TYPE Graph 6: Tiny Township MLS® Sales By Property Type 2018 vs. 2019 vs. 2020 (Dollars and Units)

2020

2020 IN DETAIL 2020

2020

SINGLE-FAMILY HOMES 2020 DOLLAR SALES : $66,371,888 $4,786,200 DOWN 1% from 2019

$4,786,200

32

UNIT SALES: 123 UP 1% from 2019 AV. DAYS-ON-MARKET: 49 UP 10 days from 2019

$66,371,888

123 Single Family

Single Family Condominium

2019

Vacant Land

$99,900

Condominium

2019

2019

$2,505,300

Vacant Land

1

$66,371,888

AV. SALE PRICE: $539,609 DOWN 1% from 2019 Single Family

Condominium

2019 Vacant Land

CONDOMINIUMS $99,900

20

$2,505,300

DOLLAR SALES: 0 DOWN $99,999 from 2019 UNIT SALES: 0 DOWN 1 from 2019

$66,827,805

122

Single Family

Single Family

Condominium 2018

Condominium

Vacant Land

2018

2018

Vacant Land

AV. DAYS-ON-MARKET: 0 $66,827,805 DOWN 139 days from 2019 AV. SALE PRICE: 0 Single Family DOWN $99,999 from 2019

2018

Condominium Vacant Land

$2,297,000

$2,297,000

14

VACANT LAND DOLLAR SALES: $4,786,200 UP 91% from 2019 UNIT SALES: 32 UP 60% from 2019

$63,062,988

119

Single Family

Single Family

Condominium

Condominium

Single Family

Vacant Land

Condominium

Vacant Land Vacant Land

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

$63,062,988

AV. DAYS-ON-MARKET: 75 UP 6 days from 2019 Single Family

AV. SALE PRICE: $149,569 Condominium UP 19% from 2019 Vacant Land www.locationsnorth.com

LOCATIONS B R O K E R A G E

TINY TOWNSHIP AVERAGE SALE PRICES: 2010-2020 HUGE GAINS, BOTH GENERALLY AND RELATIVE TO INFLATION Tiny’s average sale price for single-family homes began to climb rapidly in 2015, reaching its annual peak in 2019 at $554,847 — up 6%, 27%, 53%, 57%, 84% and 93% from 2018, 2017, 2016, 2015, 2014 and 2010 respectively., It then dropped to 7% to $514,806 in Q1-2020.

From 2010 to 2014 Tiny’s annual average sale price for single-family homes increased at approximately Canada’s inflation rate. From 2015-2019 the average price rose 65% above the inflation rate before dropping to 52% above inflation in Q1-2020.

$560,000 $500,000 $440,000 $380,000 $320,000 $260,000 $200,000 2010

2011

2012

2013

2014

2015

2016

2017

2018

2019 Q1-2020

Single-Family Home Average Sale Price: 2010 > Q1-2020 Canada’s Inflation Rate Based On Tiny’s 2010 Single-Family Home Average Sale Price

LOCATIONS B R O K E R A G E

SOUTHERN GEORGIAN BAY’S #1 SELLING BROKERAGE IN 2019: WE HAD OUR 7TH STRAIGHT RECORD YEAR FOR REGIONAL MLS SALES VOLUME With $316,114,237 – up 10% from 2018 and up nearly 500% from 2011!

WE HAD NEARLY 3 TIMES THE SALES VOLUME, AND MORE THAN 2 TIMES THE SALES UNITS OF OUR CLOSEST REGIONAL COMPETITOR WE WERE #1 IN THE REGIONAL LUXURY HOME MARKET, WITH 2¼ TIMES THE VOLUME OF OUR CLOSEST COMPETITOR UNITS

PERCENTAGE

RE/MAX of Wasaga Beach Royal LePage Locations North 443.25 24.9%

RE/MAX of Wasaga Beach

Royal LePage Trinity 202.75 11.4%

Royal LePage Trinity

153.75

Royal8.6% LePage Locations North

RE/MAX Four Seasons

152.25

Century 21 Millenium 8.5%

Century 21 Millenium

137.25

RE/MAX Four Seasons 7.7%

97.5

Manuel Antunes 5.5%

49

Sutton Group Incentive 2.7%

RE/MAX at Blue

46.5

Coldwell Banker Ronan 2.6%

Engel & Volkers

27

Chestnut Park

Clairwood

Other

473.75

1.5%

Other

26.6%Non-SGBAR

Locations North Sales Volume, 2011 - 2019 2011 2012 2013 2014 2015

2011 2012

$ $53,047,171

2013

$89,145,175

2014

$96,796,883

2015 2016

$121,934,732

2017

$159,707,227

2016 2017 2018 2019

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

2018

$215,294,663

2019 $268,894,323 $288,097,462 $316,114,237

www.locationsnorth.com

Georgian Triangle’s

MOST SUPPORTIVE BROKERAGE

$800,000+

1

#

Raised for local causes & Community Sponsorships from 2013-2019

Georgian Triangle

BROKERAGE

8

Straight Years* Of Record Sales!

Q2 Numbers

BY THE

Featured Listings

47,600+ People Reached‡

11,300+

Clicks, Shares, Views, & Likes‡

Region’s Best Market Intelligence

40 Annual Sales Volume 2019 Sales Up 10%

Detailed Market Reports Per Year FOR YOU

Socially Connected

from 2018

187,000+

Almost

3

TIMES MORE

than our closest regional competitor

†

Social Media Impressions Award Winning Service

LocationsNorth.com

594,800+

We average

600

Page Views†

Buyer leads/month§ With over 4X the average industry conversion rate

114,100+ Unique Visitors†

Clicks, Views, Shares, Likes, Tweets‡

$32,465 Giving back and working in our community

Raised for Local Charities in 2019

$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, 2020 to June 30th, 2020). ‡Based on social media channels (January 1st, 2020 to June 30th, 2020). §Based on June 2020 lead volume

LOCATIONS B R O K E R A G E

WE GIVE YOU OPTIONS AT LOCATIONS NORTH, WE DO EVERYTHING WE CAN TO PUT YOU FIRST – and that includes respecting your privacy. If we can ever be of help with your real estate needs, please let us know.

COLLINGWOOD 705-445-5520 330 First Street

THE BLUE MOUNTAINS 519-599-2136 27 Arthur Street

MEAFORD 519-538-5755 96 Sykes Street

WASAGA BEACH 705-617-9969 1344 Mosley Street, Unit 5

CLEARVIEW 705-881-9005 143 Mill Street, Creemore

TINY TOWNSHIP MARKET REPORT: SECOND QUARTER 2020

www.locationsnorth.com