LOCATIONS B R O K E R A G E
TINY TOWNSHIP REAL ESTATE MARKET REPORT
THIRD QUARTER 2020 RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO
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OVERVIEW RECORD-BREAKING SALES VOLUME, WITH UNITS AND PRICES UP, LISTINGS DOWN Q
RECORD YEAR-TO-DATE SALES VOLUME OF $136,948,049 Up 26% from 2019’s $108,737,305, with units of 231 up 16% from 2019’s 199. New listings of 357 down 24% from one year ago, with the sales/listings ratio of 65% up 23%.
RECORD Q3 SALES VOLUME OF $73,232,061 Up 75% from Q3-2019’s $41,809,600. Units of 112 up 47% from Q3-2019’s 76, with new listings of 126 down 20% and the sales/listings ratio of 89% up 41%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $592,849 Up 8% from last year’s $546,419. Average days-on-market of 42 up 1 day.
TINY TOWNSHIP MARKET REPORT: THIRD QUARTER 2020
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY September’s sales of $24,525,725 were up 38% from 2018’s prior record for the month, while its 37 units equaled 2016’s high. The average sale price of $662,857 was down 7% from 2018’s record of $712,736. September’s 112% sales/listing ratio means that Tiny has a very strong sellers’ market. Graph 1: Tiny Township MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $160,000,000
$136,948,049
$140,000,000 $120,000,000
$108,331,688
$108,737,305
2018
2019
$100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0
2020
Graph 2: Tiny Township MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 250
200
231 202
199
2018
2019
150
100
50
0
TINY TOWNSHIP MARKET REPORT: THIRD QUARTER 2020
2020
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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
$108,331,688
$108,737,305
$136,948,049
+26%
YTD Unit Sales
202
199
231
+16%
YTD New Listings
397
469
357
-24%
YTD Sales/Listings Ratio
51%
42%
65%
+23%
$45,268,700
$41,809,600
$73,232,061
+75%
83
76
112
+47%
Q3 New Listings
132
158
126
-20%
Q3 Sales/Listings Ratio
63%
48%
89%
+41%
$545,406
$550,126
$653,858
+19%
$17,818,400
$12,250,500
$24,525,727
+100%
September U nit Sales
25
23
37
+61%
September New Listings
30
46
33
-28%
83%
50%
112%
+62%
$712,736
$532,630
$662,857
+24%
YTD Sales: $100K - $299K
37
32
9
-72%
YTD Sales: $300K - $499K
89
82
107
+30%
YTD Sales: $500K - $799K
45
63
81
+29%
YTD Sales: $800K - $999K
10
10
16
+60%
YTD Sales: $1M - $1.499M
12
8
12
+50%
YTD Sales: $1.5M - $1.999M
9
2
2
0%
YTD Sales: $2M+
0
2
4
+100%
44
41
42
+2%
$536,295
$546,419
$592,849
+8%
Year-To-Date (YTD) Volume Sales
Third Quarter (Q3) Volume Sales Q3 U nit Sales
Q3 Average Sale Price September Volume Sales
September Sales/Listings Ratio September 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 Oct. 3, 2020.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.
TINY TOWNSHIP MARKET REPORT: THIRD QUARTER 2020
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THE MARKET IN DETAIL (cont’d) In our Q2 Report we noted how similar Tiny’s 2020 and 2019 sales years were, despite the influence of COVID-19. Well, as Graph 3 shows, that all changed with Q3’s three record sales months. All totaled, Q3 had $73,232,061 in volume, up 62% from Q3-2017’s previous high. And as Graph 4 shows, the same was true for units, although the pattern was less pronounced. And in fact, Q3-2020’s 112 sales were actually down 10% from Q3-2016’s benchmark 124. All that said, perhaps the best news has been the increase in Tiny’s average sale price. 2020’s $592,849 is up 66%, 40%, 11% and 8% from 2016-19 respectively.
Graph 3: Tiny Township Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $30,000,000
2018 2019
$25,000,000
2020 $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 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: THIRD QUARTER 2020
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) As Graph 5 shows, 2020 unit sales are up from 2019 in five price ranges, down in one and even in one. The $300$499K, $500K-$799K, $800K-$999K, $1M-$1.499M, and $2M+ ranges are up 30%, 29%, 60%, 50% and 100% respectively. The Under-$300K is down 72%. And the $1.5M-$1.999M range is even. More generally, the Under-$500K bracket – which accounts for 50% of 2020’s sales – is up 2% from a year ago. The $500K-$999K bracket – which accounts for 42% of all sales – is up 33%. And the $1M+ bracket – which accounts for 8% of all sales – is up 50%. Graph 5: Tiny Township MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 120
2018 2019
107
100
2020 89
80
82
81
60
2018
63
2019 2020
45
40 37
32
20 16
0
10
9 Under $300K
$300K-$499K
$500K-$799K
10
$800K-$999K
12
8
12
$1M-$1.499M
9
2
2
$1.5M-$1.999M
TINY TOWNSHIP MARKET REPORT: THIRD QUARTER 2020
0
2
4
$2M+
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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 : $136,948,049 $12,432,599 UP 26% from 2019
$12,432,599
32
UNIT SALES: 231 UP 17% from 2019
$136,948,049
231 Single Family
Single Family Condominium
2019
Vacant Land
$219,900
Condominium
2019
2019
$4,111,700
Vacant Land
2
AV. DAYS-ON-MARKET: 42 UP 1 day from 2019 $136,948,049
AV. SALE PRICE: $592,849 UP 8% from 2019 Single Family
Condominium
2019 Vacant Land
CONDOMINIUMS $219,900
34
$4,111,700
DOLLAR SALES: 0 DOWN $219,900 from 2019 UNIT SALES: 0 DOWN 2 from 2019
$108,517,405
197
Single Family
Single Family
Condominium 2018
Condominium
Vacant Land
2018
2018
Vacant Land
$4,693,018
23
AV. DAYS-ON-MARKET: 0 $108,517,405 DOWN 89 days from 2019 AV. SALE PRICE: 0 Single Family DOWN $109,950 from 2019
2018
Condominium Vacant Land
$4,693,018 VACANT LAND
DOLLAR SALES: $12,432,599 UP 202% from 2019 UNIT SALES: 32 DOWN 6% from 2019 $108,331,688
202
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condominium
Vacant Land Vacant Land
TINY TOWNSHIP MARKET REPORT: THIRD QUARTER 2020
$108,331,688
AV. DAYS-ON-MARKET: 78 UP 17 days from 2019 Single Family
AV. SALE PRICE: $388,519 Condominium UP 221% from 2019 Vacant Land www.locationsnorth.com
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: THIRD QUARTER 2020
2018
$215,294,663
2019 $268,894,323 $288,097,462 $316,114,237
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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: THIRD QUARTER 2020
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