LOCATIONS B R O K E R A G E
TINY TOWNSHIP 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 AND UNIT SALES, WITH THE AVERAGE SALE PRICE UP AND LISTINGS DOWN
RECORD ANNUAL SALES VOLUME OF $188,852,434 Up 42% from 2019’s $133,068,788, with units of 297 up 22% from 2019’s 244. New listings of 407 down 23% from 2019, with the sales/listings ratio of 73% up 27%.
RECORD Q4 SALES VOLUME OF $51,850,785 Up 91% from Q4-2019’s $27,144,383. Units of 61 up 24% from Q4-2019’s 49, with new listings of 53 down 21% and the sales/listings ratio of 115% up 42%.
RECORD ANNUAL AVERAGE SALE PRICE OF $635,867 Up 17% from 2019’s $545,364. Average days-on-market of 40 down 5 days.
TINY TOWNSHIP MARKET REPORT: 2020 IN REVIEW
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OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY December’s volume and unit sales were both down 36% from 2019’s record totals. The month had a 98.9% sale/list price ratio, up 4.4% from 2019. On average, homes sold in 60 days – identical to December 2019. And there is now just one month of inventory. All that, and December’s 175% sales/listings ratio, add up to a strong sellers’ market.
Graph 1: Tiny Township MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $200,000,000
$188,852,434
$180,000,000 $160,000,000 $140,000,000
$130,807,455
$133,068,788
2018
2019
$120,000,000 $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) 350
297
300
250
251
244
2018
2019
200
150
100
50
0
TINY TOWNSHIP MARKET REPORT: 2020 IN REVIEW
2020
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THE MARKET IN DETAIL Table 1: Tiny Township MLS® Residential Sales And Listing Summary 2018 vs. 2019 vs. 2020
2018
2019
2020
2019-2020
$130,807,455
$133,068,788
$188,852,434
+42%
Annual Unit Sales
251
244
297
+22%
Annual New Listings
489
526
407
-23%
Annual Sales/Listings Ratio
51%
46%
73%
+27%
$22,475,767
$27,144,383
$51,850,785
+91%
Q4 U nit Sales
49
49
61
+24%
Q4 New Listings
88
67
53
-21%
56%
73%
115%
+42%
$458,689
$553,967
$773,892
+40%
$2,454,000
$6,321,000
$4,059,500
-36%
6
11
7
-36%
11
15
4
-73%
55%
73%
175%
+102%
December Average Sale Price
$409,000
$574,636
$579,929
+1%
Annual Sales: Under $300K
50
36
9
-75%
Annual Sales: $300K - $499K
103
100
128
+28%
Annual Sales: $500K - $799K
66
80
105
+31%
Annual Sales: $800K - $999K
11
14
24
+71%
Annual Sales: $1M - $1.499M
12
8
19
+138%
Annual Sales: $1.5M - $1.999M
8
4
5
+25%
Annual Sales: $2M+
1
2
7
+250%
46
45
40
-11%
$521,145
$545,364
$635,867
+17%
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
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.
TINY TOWNSHIP MARKET REPORT: 2020 IN REVIEW
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THE MARKET IN DETAIL (cont’d) What a year! In our Q2 Report we noted how similar Tiny’s 2020 and 2019 sales years were, despite the influence of COVID-19. But the similarity ended there. The 2020 market had five record months from July to November that yielded $121,958,446 in sales: 65% of Tiny’s 2020 total and just 8% less than 2019’s former annual record. Unit sales followed a similar pattern: five record months that gave Tiny 58% of its 297 overall sales; and those 297 sales came on 23% fewer listings than 2019. All things considered, homeowners will be happy that 2020’s average sale price of $635,867 was up 79%, 74%, 43%, 22% and 17% from 2015-19 respectively.
Graph 3: Tiny Township Monthly MLS® Sales 2018 vs. 2019 vs. 2020 (Volume) $35,000,000
2018 2019
$30,000,000
2020
$25,000,000 $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
TINY TOWNSHIP 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 six price ranges and down in one. The $300-$499K, $500K$799K, $800K-$999K, $1M-$1.499M, $1.5M-$1.999M and $2M+ ranges were up 28%, 31%, 71%, 138%, 25% and 250% respectively. The Under-$300K range was down 75%. More generally, the Under-$500K bracket – which accounted for 46% of 2020’s sales – was up 1% from 2019. The $500K-$999K bracket – which accounted for 44% of all sales – was up 95%. And the $1M+ bracket – which accounted for 10% of all sales – was up 121%. Graph 5: Tiny Township MLS® Sales By Price 2018 vs. 2019 vs. 2020 (Units) 140
2018 2019
128
120
2020 100
103
105
100
80
80
40
2018
66
60
2019 2020
50 36
20
0
24 11
9 Under $300K
$300K-$499K
$500K-$799K
14
$800K-$999K
19 12
8
$1M-$1.499M
TINY TOWNSHIP MARKET REPORT: 2020 IN REVIEW
8
4
5
$1.5M-$1.999M
1
2
7
$2M+
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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
$21,588,799
127
SINGLE-FAMILY HOMES 2020 DOLLAR SALES : $188,852,434 $21,588,799 UP 42% from 2019 UNIT SALES: 297 UP 23% from 2019
$188,852,434
297 Single Family
Single Family Condominium
2019
Vacant Land
$219,900
Condominium
2019
2019
$5,712,500
Vacant Land
2
AV. DAYS-ON-MARKET: 40 DOWN 4 days from 2019 $188,852,434
AV. SALE PRICE: $635,867 UP 16% from 2019 Single Family
Condominium
2019 Vacant Land
CONDOS/TOWNS $219,900
51
$5,712,500
DOLLAR SALES: 0 DOWN $219,900 from 2019 UNIT SALES: 0 DOWN 2 from 2019
$132,848,888
242
Single Family
Single Family
Condominium 2018
Condominium
Vacant Land
2018
2018
Vacant Land
AV. DAYS-ON-MARKET: 0 $132,848,888 DOWN 89 days from 2019 AV. SALE PRICE: 0 Single Family DOWN $109,950 from 2019
2018
Condominium Vacant Land
$5,725,743
$5,725,743
29
RESIDENTIAL LAND DOLLAR SALES: $21,588,799 UP 278% from 2019 UNIT SALES: 127 UP 149% from 2019
$130,807,455
251
Single Family
Single Family
Condominium
Condominium
Single Family
Vacant Land
Condominium
Vacant Land Vacant Land
TINY TOWNSHIP MARKET REPORT: 2020 IN REVIEW
$130,807,455
AV. DAYS-ON-MARKET: 53 DOWN 17 days from 2019 Single Family
AV. SALE PRICE: $169,991 Condominium UP 52% from 2019 Vacant Land www.locationsnorth.com
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TINY TOWNSHIP AVERAGE SALE PRICES: 2010-2020 HUGE GAINS, BOTH GENERALLY AND RELATIVE TO INFLATION Tiny’s average sale price for single-family homes underwent modest increases from 2010-2014 and then began to climb rapidly in 2015. In 2020 it reached $635,867 — up 16%, 22%, 43%, 74%, 79% and 115% from 2019, 2018, 2017, 2016, 2015 and 2010 respectively., From 2010 to 2014 Tiny’s annual average sale price for single-family homes increased at approximately Canada’s inflation rate. From 2015-2020 the average price rose 84% above the inflation rate.
$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 Tiny’s 2010 Single-Family Home Average Sale Price
TINY TOWNSHIP 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 $89,145,175
Locations North Sales Volume, 2011 - 2019
$96,796,883
2013 2014 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
TINY TOWNSHIP MARKET REPORT: 2020 IN REVIEW
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TINY TOWNSHIP MARKET REPORT:
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.
2020 IN REVIEW
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