LOCATIONS B R O K E R A G E
WASAGA BEACH REAL ESTATE MARKET REPORT
THIRD 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 BIG RECORD Q3 SALES VOLUME AND UNITS, WITH LISTINGS DOWN AND PRICES UP
RECORD YEAR-TO-DATE SALES VOLUME OF $272,705,069 Up 51% from 2019’s $180,560,537, with units of 507 up 25% from 2019’s 404. New listings of 678 down 20% from a year ago, with the sales/listings ratio of 75% up 27%.
RECORD Q3 SALES VOLUME OF $156,488,088 Up 114% from Q3-2019’s $73,216,348. Units of 277 up 64% from Q3-2019’s 169, with new listings of 269 down 11% and the sales/listings ratio of 103% up 47%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $537,880 Up 20% from the $446,932 of a year ago. Average days-on-market of 40 down 14 days.
WA S AG A B E AC H M A R K E T R E P O R T: T H I R D Q U A R T E R 2 0 2 0
www.locationsnorth.com
LOCATIONS B R O K E R A G E
OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS LESS CURRENTLY GREATER THAN THE SUPPLY September’s volume of $43,886,750 was up 83% from 2019’s previous record for the month, while its 75 units were up 7% from 2015’s former benchmark. September’s average sale price of $585,157 – up 34% from last year – was a new, all-time monthly high, and its 96% sales/listings ratio means that it’s a strong sellers’ market. Graph 1: Wasaga Beach MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $300,000,000
$272,705,069 $250,000,000
$200,000,000
$172,288,498
$180,560,537
$150,000,000
$100,000,000
$50,000,000
$0
2018
2019
2020
Graph 2: Wasaga Beach MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 600
507
500
416 400
404
300
200
100
0
2018
WA S AG A B E AC H M A R K E T R E P O R T: T H I R D Q U A R T E R 2 0 2 0
2019
2020
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 2018 vs. 2019 vs. 2020
2018
2019
2020
2019-2020
$172,288,498
$180,560,537
$272,705,069
+51%
YTD Unit Sales
416
404
507
+25%
YTD New Listings
756
849
678
-20%
YTD Sales/Listings Ratio
55%
48%
75%
+27%
$60,614,100
$73,216,348
$156,408,088
+114%
Q3 U nit Sales
148
169
277
+64%
Q3 New Listings
270
303
269
-11%
Q3 Sales/Listings Ratio
55%
56%
103%
+47%
$409,555
$433,233
$564,650
+30%
$20,847,900
$24,045,800
$43,886,750
+83%
September U nit Sales
51
55
75
+36%
September New Listings
72
87
78
-10%
71%
63%
96%
+33%
$408,782
$437,196
$585,157
+34%
YTD Sales : Under $100K
5
2
0
-200%
YTD Sales: $100K - $299K
81
63
31
-51%
YTD Sales: $300K - $499K
234
205
204
-.5%
YTD Sales: $500K - $799K
90
117
241
+106%
YTD Sales: $800K - $999K
4
11
20
+82%
YTD Sales: $1M - $1.499M
2
6
8
+33%
YTD Sales: $1.5M+
0
0
3
+300%
43
54
40
-26%
$414,155
$446,932
$537,880
+20%
Year-To-Date (YTD) Volume Sales
Third Quarter (Q3) Volume 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.
WA S AG A B E AC H M A R K E T R E P O R T: T H I R D Q U A R T E R 2 0 2 0
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) As Graph 3 shows, Wasaga Beach had a huge Q3 that consisted of its three best volume sales months ever. Q3’s volume of $156,408,088 was not only up 105% from Q3-2016’s former quarterly record, but it also powered 2020’s year-to-date sales to $272,705,069 – 3% more than 2016’s previous benchmark for annual sales. Graph 4 tells a similar story with regard to units. There were 60% as many sales from June to September as there were in all of 2019. The good news is that the average sale price has just kept rising: its up 93%, 71%, 37%, 28% and 17% from 2015-19 respectively.
Graph 3: Wasaga Beach Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $70,000,000
2018 2019
$60,000,000
2020
$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 2018 vs. 2019 vs. 2020 (Units) 120
2018 2019
100
2020 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: T H I R D Q U A R T E R 2 0 2 0
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 unit sales are up from 2019 in four price ranges and down in three. The $500K-$799K, $800K- $999K, 1M-$1.499 and $1.5M+ ranges are up 106%, 82%, 33% and 300% respectively. The Under-$100K, $100K- $299K and $300K-$499K ranges are down 200%, 51% and 5% respectively. More generally, the Under-$500K price bracket – which accounts for 46% of 2020’s sales – is down 13% from 2019. The $500K-$999K bracket – which accounts for 52% of all sales – is up 104%. And the $1M+ range – which accounts for 2% of all sales – is up 50%. Graph 5: Wasaga Beach MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 300
2018 2019
250
200
2020
241
234 205 204
150
2018 2019
100 90
81 63
50
0
2020
117
5
2
31
4
0
Under $100K
$100K-$299K
$300K-$499K
$500K-$799K
11
20
$800K-$999K
2
6
8
$1M-$1.499M
WASAGA BEACH MARKET REPORT: THIRD QUARTER 2020
0
0
3
$1.5M+
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 2018 vs. 2019 vs. 2020 (Dollars and Units)
2020
2020
2020
21
$3,198,900
$34,509,420
2020 IN DETAIL
$3,198,900 DOLLAR SALES : $34,509,420
$238,195,649 UP 38% from 2019
86
Single Family
Single Family Condominium 2019 Vacant Land
$8,325,300
UNIT SALES: 421 UP 11% from 2019
421
$238,195,649
Condominium
2019
SINGLE-FAMILY HOMES 2020
2019
Vacant Land
$1,686,800
25 12
AV. DAYS-ON-MARKET: 39 DOWN 11 days from 2019 $238,195,649
AV. SALE PRICE: $565,785 UP 17% from 2019 Single Family Condominium
2019 Vacant Land
CONDOMINIUMS $1,686,800
$8,325,300
DOLLAR SALES: $34,509,420 UP 315% from 2019 UNIT SALES: 86 UP 244% from 2019
$172,235,237
379
Single Family
Single Family
Condominium 2018
Condominium
Vacant Land
$9,835,850
2018
2018
Vacant Land
15
$3,084,000
30
AV. DAYS-ON-MARKET: 47 $172,235,237 DOWN 16 days from 2019 AV. SALE PRICE: $401,272 Single Family UP 12% from 2019
2018
Condominium Vacant Land
$3,084,000 VACANT LAND
$9,835,850
DOLLAR SALES: $3,198,900 UP 90% from 2019 UNIT SALES: 21 UP 75% from 2019 $162,452,648
386
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condominium
Vacant Land Vacant Land
WA S AG A B E AC H M A R K E T R E P O R T: T H I R D Q U A R T E R 2 0 2 0
$162,452,648
AV. DAYS-ON-MARKET: 76 UP 32 days from 2019 Single Family
AV. SALE PRICE: $152,329 Condominium UP 6%Vacant fromLand 2019 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
1.5%
Other
473.75 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
WA S AG A B E AC H M A R K E T R E P O R T: T H I R D Q U A R T E R 2 0 2 0
2018
$215,294,663
2019 $268,894,323 $288,097,462 $316,114,237
www.locationsnorth.com
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
WA S AG A B E AC H M A R K E T R E P O R T: T H I R D Q U A R T E R 2 0 2 0
www.locationsnorth.com