Wasaga Beach Market Report (Third Quarter of 2020) - The Signature Sold Team

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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

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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

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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

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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

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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

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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 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+

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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

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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

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