Grey Highlands Real Estate Market Report .. 2020 In Review

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GREY HIGHLANDS REAL ESTATE MARKET REPORT

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

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OVERVIEW BIG RECORD VOLUME SALES, WITH AVERAGE SALE PRICES UP AND LISTINGS DOWN

RECORD ANNUAL SALES VOLUME OF $130,847,290 Up 73% from 2019’s $75,590,552, with units of 201 up 39% from 2019’s 145. New listings of 224 down 4% from 2019, with the sales/listings ratio of 90% up 28%.

RECORD Q4 SALES VOLUME OF $43,992,800 Up 163% from Q4-2019’s $16,739,900. Units of 52 up 68% from Q4-2019’s 31, with new listings of 43 up 16% and the sales/listings ratio of 121% up 37%.

RECORD ANNUAL AVERAGE SALE PRICE OF $650,982 Up 25% from the $521,314 of Q4-2019. Average days-on-market of 51 down 4 days.

GREY HIGHLANDS 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 145% from 2019’s former high, while its 11 units were up 10% from 2015’s prior record.

The month had a 98.3% sale/list price ratio; homes sold 2 days faster on average than December 2019; and there is now just one month of inventory. All that, and December’s 122% sales/listings ratio, add up to a strong sellers’ market.

Graph 1: Grey Highlands MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $140,000,000

$130,847,290

$120,000,000

$100,000,000

$75,590,552

$80,000,000

$60,000,000

$57,975,054

$40,000,000

$20,000,000

$0

2018

2019

2020

Graph 2: Grey Highlands MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 250

201

200

145

150

129 100

50

0

2018

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

2019

2020

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

2018

2019

2020

2019-2020

$57,975,054

$75,590,552

$130,847,290

+73%

Annual Unit Sales

129

145

201

+39%

Annual New Listings

185

233

224

-4%

Annual Sales/Listings Ratio

70%

62%

90%

+28%

$14,027,067

$16,739,900

$43,992,800

+163%

Q4 Unit Sales

29

31

52

+68%

Q4 New Listings

21

37

43

+16%

138%

84%

121%

+37%

$483,692

$539,997

$846,015

+57%

$2,531,500

$4,628,500

$11,341,000

+145%

December U nit Sales

7

9

11

+22%

December New Listings

3

10

9

-10%

233%

90%

122%

+32%

December Average Sale Price

$361,643

$514,728

$1,031,000

+100%

Annual Sales: Under $300K

37

21

19

-10%

Annual Sales: $300K - $499K

53

71

67

-6%

Annual Sales: $500K - $799K

24

37

75

+103%

Annual Sales: $800K - $999K

7

9

20

+122%

Annual Sales: $1M - $1.499M

8

5

12

+140%

Annual Sales: $1.5M - $1.999M

0

1

1

0%

Annual Sales: $2M+

0

1

7

+600%

64

53

51

-4%

$449,419

$521,314

$650,982

+25%

Annual Volume Sales

Fourth Quarter (Q4) Volume Sales

Q4 Sales/Listings Ratio Q4 Average Sale Price December Volume Sales

December Sales/Listings Ratio

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.

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

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THE MARKET IN DETAIL (cont’d) Grey Highlands enjoyed an extraordinary rollercoaster ride of a sales year in 2020, with its highest volume ever, mainly due to nine record months and one near record. Those ten months yielded $125,416,300 in sales: 96% of Grey Highlands 2020 total and 59% more than 2017’s prior annual record. On the units side, the same ten months yielded 188 sales: 94% of the annual total, and up 31% from all of 2019. Homeowners will be happy that 2020’s average sale price of $650,982 was up 97%, 83%, 33%, 45% and 25% from 2015-19 respectively.

Graph 3: Grey Highlands 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: Grey Highlands Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Units) 30

2018 2019

25

2020 20

15

10

5

0

Jan

Feb

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

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, down in two and even in one. The $500K-$799K, $800K-$999K, $1M-$1.499M and $2M+ ranges were up 103%, 122%, 140%, and 600% respectively. The Under-$300K and $300K-$499K ranges were down 10% and 6%, respectively. And the $1.5M-$1.999M was even. More generally, the Under$500K bracket – which accounted for 43% of 2020’s sales – was down 7% from 2019. The $500K-$999K bracket – which accounted for 47% of all sales – was up 107%. And the $1M+ bracket – which accounted for 10% of all sales – was up 186%.

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

2018 75

70

2019

71 67

2020

60 53

50 40

2018 37

2019

37

30 20

2020 21

24

20

19

10 7

0

Under $300K

$300K-$499K

$500K-$799K

9

$800K-$999K

12 8

7

5

$1M-$1.499M

0

1

1

$1.5M-$1.999M

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

0

1 $2M+

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Graph 6: Grey Highlands MLS® Sales By Property Type 2018 vs. 2019 vs. 2020 (Dollars and Units)

2020 $159,900

2020 IN DETAIL 2020

2020

$10,973,034

1

SINGLE-FAMILY HOMES 2020 $10,973,034 DOLLAR SALES : $130,687,390 $159,900

UP 75% from 2019

42

UNIT SALES: 200 UP 40% from 2019

200

$130,687,390

Single Family

Single Family Condominium 2019 Vacant Land

Condominium

2019

2019

Vacant Land

$3,673,507

AV. DAYS-ON-MARKET: 51 DOWN 2 days from 2019 $130,687,390

AV. SALE PRICE: $653,437 UP 25% from 2019 Single Family Condominium

2019 Vacant Land

CONDOS/TOWNS $3,673,507

DOLLAR SALES : $159,900 UP 100% from 2019

23

UNIT SALES: 1 UP 100% from 2019 $74,715,552

143

Single Family

Single Family

Condominium 2018

Condominium

Vacant Land

2018

2018

Vacant Land

$2,612,700 20

AV. DAYS-ON-MARKET: 28 UP$74,715,552 28 days from 2019 AV. SALE PRICE: $159,900 Single Family UP 100% from 2019

2018

Condominium Vacant Land

$2,612,700 RESIDENTIAL LAND

DOLLAR SALES: $10,973,034 UP 199% from 2019 UNIT SALES: 42 UP 83% from 2019 $57,975,054

129

Single Family

Single Family

Condominium

Condominium

Single Family

Vacant Land

Condominium

Vacant Land Vacant Land

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

$57,975,054

AV. DAYS-ON-MARKET: 56 DOWN 36 days from 2019 Single Family

AV. SALE PRICE: $261,263 Condominium UP 64% from 2019 Vacant Land www.locationsnorth.com

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GREY HIGHLANDS AVERAGE SALE PRICES: 2010-2020 HUGE GAINS FOR SINGLE-FAMILY HOMES SINCE 2017 Grey Highlands’ average sale price for single-family homes underwent relatively modest increases from 2010-2016 and then began to climb rapidly in 2017. In 2020 it reached $653,437 — up 25%, 45%, 33%, 83%, 97% and 121% from 2019, 2018, 2017, 2016, 2015 and 2010 respectively.

From 2010 to 2013 Grey Highlands’ annual average sale price for single-family homes increased at slightly less than the Canada’s inflation rate. By 2016 the average sale price was 10% above the inflation rate, after which it jumped to 89% above the inflation rate in 2020.

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000 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 Grey Highland’s 2010 Single-Family Home Average Sale Price

GREY HIGHLANDS 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

*Southern Georgian Bay Association of REALTORS® GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

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* 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%

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

RE/MAX of Wasaga Beach

Royal LePage Trinity 11.3%

RE/MAX Four Seasons

246

Chestnut Park

28.5

9.3% RE/MAX Four Seasons

28

9.2% Chestnut Park

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

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

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

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

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

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.

GREY HIGHLANDS MARKET REPORT: 2020 IN REVIEW

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