2020 In Review - Clearview Market Report

LOCATIONS B R O K E R A G E

CLEARVIEW REAL ESTATE MARKET REPORT

2020 IN REVIEW RECIPIENT OF ROYAL LEPAGE’S BROKERAGE OF THE YEAR AWARD FOR ONTARIO

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OVERVIEW RECORD VOLUME SALES AND PRICES, ON FEWER LISTINGS

RECORD ANNUAL SALES VOLUME OF $138,498,750 Up 34% from 2019’s $103,347,371, with units of 175 up 2% from 2019’s 171. New listings of 233 down 17%, with the sales/listings ratio of 75% up 14%.

RECORD Q4 SALES VOLUME OF $42,565,600 Up 65% from Q4-2019’s $25,847,875. Unit sales of 46 up 21% from Q4-2019’s 38, with new listings of 43 down 19% and the sales/listings ratio of 107% up 35%.

RECORD ANNUAL AVERAGE SALE PRICE OF $791,421 Up 31% from 2019’s $604,371. Average days-on-market of 68 down 3 days.

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY December’s volume was up 84% from 2014’s prior high, while its 9 units were down 44% from 2014’s benchmark 16. December had a 96.4% sale/list price ratio; homes sold 17 days faster on average than last December; and there is now 3 months of inventory. All that, and December’s 82% sales/listings ratio, add up to a sellers’ market.

Graph 1: Clearview MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $160,000,000

$138,498,750

$140,000,000 $120,000,000

$103,347,371

$100,000,000 $80,000,000

$80,815,512

$60,000,000 $40,000,000 $20,000,000 $0

2018

2019

2020

Graph 2: Clearview MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 200 180 160

171

175

150

140 120 100 80 60 40 20 0

2018

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

2019

2020

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

2018

2019

2020

2019-2020

$80,815,512

$103,347,371

$138,498,750

+34%

Annual Unit Sales

150

171

175

+2%

Annual New Listings

298

281

233

-17%

Annual Sales/Listings Ratio

50%

61%

75%

+14%

$17,568,112

$25,847,875

$42,565,600

+65%

Q4 U nit Sales

32

38

46

+21%

Q4 New Listings

58

53

43

-19%

55%

72%

107%

+35%

$549,004

$680,207

$925,339

+36%

$2,832,500

$5,776,000

$11,569,000

+100%

6

8

9

+13%

11

10

11

+10%

55%

80%

82%

+2%

$472,083

$722,000

$1,285,444

+78%

Annual Sales: Under $300K

16

14

3

-79%

Annual Sales: $300K - $499K

74

75

65

-13%

Annual Sales: $500K - $799K

45

52

56

+8%

Annual Sales: $800K - $999K

7

12

12

0%

Annual Sales: $1M - $1.499M

5

9

17

+89%

Annual Sales: $1.5M - $1.999M

0

8

13

+63%

Annual Sales: $2M+

3

1

9

+800%

60

71

68

-4%

$538,770

$604,371

$791,421

+31%

Annual Volume Sales

Fourth Quarter (Q4) Volume Sales

Q4 Sales/Listings Ratio Q4 Average Sale Price December Volume Sales December U nit Sales December New Listings December Sales/Listings Ratio December Average Sale Price

Annual Average Days-On-Market Annual 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 Jan. 3, 2021.. While deemed to be reliable, Royal LePage Locations North assumes no responsibility for errors and omissions.

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

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THE MARKET IN DETAIL (cont’d) Quite a year. Clearview saw its biggest volume sales ever in 2020, largely due to a record stretch from June to December. That stretch yielded $109,064,150 in sales: 79% of Clearview’s 2020 total and 6% more than 2019’s former annual record. Unit sales followed the same pattern, with 75% occurring from June to December – on 15% fewer listings than 2019. That said, unlike its record volume sales, Clearview’s 175 units in 2020 were 22% fewer than 2016’s high of 224. The best news for home owners was 2020’s average sale price of $791,421: it was up 128%, 62%, 46%, 47% and 31% from 2015-19 respectively. It’ll be interesting to see how the market fares in 2021.

Graph 3: Clearview 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: Clearview Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 35

2018

30

2019

25

2020

20 15 10 5

0

Jan

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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THE MARKET IN DETAIL (cont’d) As Graph 5 shows, 2020 unit sales were up from 2019 in four price ranges, even in one, and down in two. The $500K-$799K, $1M-$1.499M, $1.5M-$1.999M and $2M+ ranges were up 8%, 89%, 63% and 800% respectively. The $800K- $999K range was even. The Under-$300K and $300K-$499K ranges were down 79% and 13% respectively. More generally, the Under-$500K bracket – which accounted for 39% of 2020’s sales – was down 31% from 2019. The $500K-$999K bracket – which accounted for 39% of all sales – was up 6%. And the $1M+ bracket – which accounted for 22% of all sales – was up 117%.

Graph 5: Clearview MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 80

2018 74

70

75

2019 2020

65

60

56

50

52 45

40

2018 2019

30 20

2020 16

17

14

12 12

10

7

3

0

$100K-$299K

5

13

9 0

$300K-$499K

$500K-$799K

$800K-$999K

$1M-$1.499M

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

9

8

$1.5M-$1.999M

3

1 $2M+

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

2020 $3,026,500

2020 IN DETAIL 2020

2020

2020 SINGLE-FAMILY HOMES $8,269,730 $3,026,500 DOLLAR SALES :

$8,269,730

26

8

$135,472,250 UP 35% from 2019 UNIT SALES: 167 UP 4% from 2019

167

$135,472,250

Single Family

Single Family Condominium 2019 Vacant Land

$2,989,000

Condominium

2019

2019

Vacant Land

$4,648,577

AV. DAYS-ON-MARKET: 70 EQUAL to 2019 $135,472,250

AV. SALE PRICE: $811,211 UP 26% from 2019 Single Family Condominium

2019 Vacant Land

CONDOS/TOWNS $2,989,000

10 15

$4,648,577

DOLLAR SALES : $3,026,500 UP 1% from 2019 UNIT SALES: 8 DOWN 20% from 2019

$100,358,371

161

Single Family

Single Family

2018

Condominium

Condominium Vacant Land

2018

2018

Vacant Land

AV. DAYS-ON-MARKET: 20 $100,358,371 DOWN 69 days from 2019 AV. SALE PRICE: $378,313 Single Family UP 21% from 2019

2018

Condominium Vacant Land

$1,987,500 $1,873,700

$1,987,500 $1,873,700

6 8

RESIDENTIAL LAND DOLLAR SALES: $8,269,730 UP 78% from 2019 UNIT SALES: 26 UP 73% from 2019

$78,828,012

144

Single Family

Single Family

Condominium

Condominium

Single Family

Vacant Land

Condominium

Vacant Land Vacant Land

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

$78,828,012

AV. DAYS-ON-MARKET: 82 UP 20 days from 2019 Single Family

AV. SALE PRICE: $318,067 Condominium UP 3%Vacant fromLand 2019 www.locationsnorth.com

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CLEARVIEW AVERAGE SALE PRICES: 2010-2020 BIG GAINS GENERALLY AND ALSO RELATIVE TO INFLATION Clearview’s average sale price for single-family homes in 2020 was $811,211: that’s up 26%, 46%, 47%, 69% and 132% from 2019, 2018, 2017, 2016 and 2010 respectively. 2020’s average condo price of $378,313 was up 21%, 22%, 31%, 59% and 80% from 2019, 2018, 2017, 2016 and 2012 respectively.

Until 2015 the average sale price of a single-family home was below the inflation rate. From 2016 to 2020 the average price rose to 98% above inflation. Due to 2010’s condo price anomaly and 2011’s no sales, the condo starting point was set at 2012 in the graph below, yielding a 123% rise above the inflation rate by 2020.

$900,000 $800,000 $700,000 $600,000 $500,000

$400,000 $300,000 $200,000 $100,000 $0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Single-Family Home Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On Clearview’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > 2020 Canada’s Inflation Rate Based On Clearview’s 2012 Condominium Average Sale Price

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

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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

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

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LOCATIONS B R O K E R A G E

* 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 (West)* 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%

LePage Locations North Royal LePage Locations North 115.5 Royal37.9%

RE/MAX of Wasaga Beach

Royal LePage Trinity 11.3%

RE/MAX Four Seasons

246

28.5

RE/MAX Four Seasons 9.3%

28

Chestnut Park 9.2%

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

Century 21 Mil enium 18.5 6.1% * ‘Units’ refers to the combined number of Listing Selling Engel & Volkers Sides 15.5 and5.1%

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

Royal LePage RCR 1.3%

29

1.3% Other

RE/MAX at Blue

3

Royal LePage Trinity 1%

420

Non-SGBAR 19.6%

Forest Hill Other

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

Chestnut Park

Other

73.5

3.8%Clairwood

22.7%Other

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At Locations North we do everything we can to put you first. And that includes completely respecting your privacy. If we can ever be of help with your real estate needs, please give us a call or visit our website at www.locationsnorth.com

CLEARVIEW MARKET REPORT: 2020 IN REVIEW

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.

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