LOCATIONS B R O K E R A G E
WASAGA BEACH REAL ESTATE MARKET REPORT
SECOND QUARTER 2021 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 Q2 VOLUME SALES, WITH AVERAGE SALE PRICES WAY UP
RECORD YEAR-TO-DATE SALES VOLUME OF $294,350,622 Up 106% from 2020’s $142,804,281, with units of 394 up 40% from last year’s 282. New listings of 495 down 1%, with the sales/listings ratio of 80% up 23%.
RECORD Q2 SALES VOLUME OF $181,152,499 Up 96% from Q2-2020’s $92,214,350. Units of 232 up 27% from last year’s 182, with new listings of 302 up 13% and the sales/listings ratio of 77% up 9%.
RECORD YEAR-TO-DATE AVERAGE SALE PRICE OF $747,083 Up 48% from 2020’s $506,398. Average days-on-market of 15 down 34 days.
WASAGA BEACH MARKET REPORT: SECOND QUARTER 2021
www.locationsnorth.com
LOCATIONS B R O K E R A G E
OVERVIEW (cont’d) THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY The Wasaga Beach market had a high 103.1% sale/list price ratio in June. Homes sold in just 14 days on average, down 41 days from one year ago, and there is now two months of inventory. All that, together with June’s high 88% sales/listings ratio, adds up to a strong sellers’ market. Graph 1: Wasaga Beach MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $350,000,000
$294,350,622
$300,000,000
$250,000,000
$200,000,000
$150,000,000
$124,400,989
$142,804,281
$100,000,000
$50,000,000
$0
2019
2020
2021
Graph 2: Wasaga Beach MLS® Sales 2019 vs. 2020 vs. 2021 (Units) 450
394
400 350 300
261
282
250 200 150 100 50 0
2019
WA S AG A B E AC H M A R K E T R E P O R T: S E C O N D Q U A R T E R 2 0 2 1
2020
2021
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 2019 vs. 2020 vs. 2021
2019
2020
2021
2020-2021
$124,400,989
$142,804,281
$294,350,622
+106%
YTD Unit Sales
261
282
394
+40%
YTD New Listings
600
498
495
-1%
YTD Sales/Listings Ratio
44%
57%
80%
+23%
69
72
12
-83%
$79,828,589
$92,214,350
$181,152,499
+96%
Q2 U nit Sales
165
182
232
+27%
Q2 New Listings
373
268
302
+13%
Q2 Sales/Listings Ratio
44%
68%
77%
+9%
40
35
7
-80%
$483,810
$506,672
$780,830
+54%
18
20
0
-2000%
YTD Sales: $300K - $499K
140
133
48
-64%
YTD Sales: $500K - $799K
94
115
231
+101%
YTD Sales: $800K - $999K
5
9
72
+700%
YTD Sales: $1M - $1.499M
4
5
34
+580%
YTD Sales: $1.5M - $1.999M
0
0
6
+600%
YTD Sales: $2M+
0
0
3
+300%
50
49
15
-69%
$476,632
$506,398
$747,083
+48%
Year-To-Date (YTD) Volume Sales
YTD Expired Listings Second Quarter (Q2) Volume Sales
Q2 Expired Listings Q2 Average Sale Price YTD Sales: Under $300K
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 July. 3, 2021. 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: S E C O N D Q U A R T E R 2 0 2 1
www.locationsnorth.com
LOCATIONS B R O K E R A G E
THE MARKET IN DETAIL (cont’d) Despite signs of a gradually cooling Southern Georgian Bay market, Wasaga Beach saw record Q2 volume sales and a new all-time monthly record. Wasaga’s Q2 volume of $181,152,499 was: up 96% from Q2-2020; up 76% from Q2-2017’s old record; and just 2% shy of Q3-2020’s $184,416,038, Wasaga’s all-time best quarter. Also, April set a new all-time monthly record of $68,574,183, up 1% from last August. On the units side, Q2’s 232 sales, while up 27% from Q2-2020, were down 28% from Q2-2016’s benchmark 298. That said, two other notable signs of Wasaga’s robust market are: its year-to-date 80% sales/listings ratio; and its year-to-date 103.3% sale/list price ratio. Not surprisingly, Wasaga’s average sale price is also doing very, very well. At $747,083 it’s up 124%, 74%, 74%, 57% and 48% from 2016-2020 respectively. Graph 3: Wasaga Beach Monthly MLS® Sales 2019 vs. 2020 vs. 2021 (Volume) $80,000,000
2019
$70,000,000
2020
$60,000,000
2021
$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 2019 vs. 2020 vs. 2021 (Units) 140
2019
120
2020
100
2021
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: S E C O N D Q U A R T E R 2 0 2 1
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, Q2-2021 unit sales are up from Q2-2020 in five price ranges and down in two. The $500K-$799K, $800K$999K, $1M-$1.499M, $1.5M-$1.999M and $2M+ ranges are up 101%, 700%, 580% 600% and 300% respectively. The Under-$300K and $300K-$499K ranges are down 2000% and 64% respectively. More generally, the Under-$500K bracket – which accounts for 12% of 2021’s sales – is down 69% from a year ago. The $500K-$999K bracket – which accounts for 77% of all sales – is up 144%. And the $1M+ bracket – which accounts for 11% of all sales – is up 760%. Graph 5: Wasaga Beach MLS® Sales By Price 2019 vs. 2020 vs. 2021 (Units) 250
2019 231
2020
200
2021
150 140
133
2019 2020
115
100
2021
94 72
50
48 34
0
18 20
5
0
Under $300K
$300K-$499K
$500K-$799K
9
$800K-$999K
4
5
$1M-$1.499M
0
0
6
$1M-$1.499M
WASAGA BEACH MARKET REPORT: SECOND QUARTER 2021
0
0
3
$2M+
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 2019 vs. 2020 vs. 2021 (Dollars and Units)
2021
2021 IN DETAIL 2021
2021
$10,445,900
$31,066,214
55
Single Family
Single Family
Vacant Land
Condominium
2020
2020
Vacant Land
$1,514,500
$15,614,650
$10,445,900 DOLLAR SALES : $31,066,214
$263,284,408 UP 107% from 2020 UNIT SALES: 339 UP 42% from 2020
339
$263,284,408
Condominium 2020
34
2021 SINGLE-FAMILY HOMES
10 44
AV. DAYS-ON-MARKET: 14 DOWN 33 days from 2020 $263,284,408
AV. SALE PRICE: $776,650 UP 45% from 2020 Single Family Condominium
2020 Vacant Land
CONDOS/TOWNS $15,614,650
$1,514,500
DOLLAR SALES: $31,066,214 UP 99% from 2020 UNIT SALES: 55 UP 25% from 2020
$127,189,631
238
Single Family
Single Family
Condominium
Condominium
2019
Vacant Land
$15,976,688
2019
2019
Vacant Land
$1,514,200
12
AV. DAYS-ON-MARKET: 20 $127,189,631 DOWN 36 days from 2020 AV. SALE PRICE: $564,840 Single Family UP 59% from 2020
2019
Condominium Vacant Land
$1,514,200 VACANT LAND
$15,976,688
DOLLAR SALES: $10,445,900 UP 590% from 2020
44
UNIT SALES: 34 UP 240% from 2020 $108,424,301
217 Single Family
Single Family Condominium
Single Family Vacant Land
Condominium
Condo/Town
Vacant Land Vacant Land
WA S AG A B E AC H M A R K E T R E P O R T: S E C O N D Q U A R T E R 2 0 2 1
$108,424,301
AV. DAYS-ON-MARKET: 25 DOWN 53 days from 2020 Single Family
AV. SALE PRICE: $307,232 Condominium UP 103% from 2020 Vacant Land www.locationsnorth.com
LOCATIONS B R O K E R A G E
WASAGA BEACH AVERAGE SALE PRICES: 2010-2021 BIG GAINS, BOTH GENERALLY AND RELATIVE TO INFLATION Wasaga Beach’s average sale price for single-family homes in Q2-2021 was $816,198: that’s up 40%, 68%, 82%, 88% and 205% from 2020, 2019, 2018, 2017 and 2010 respectively. Q2-2021’s average condo price of $471,975 is up 39%, 46%, 66%, 50% and 207% from 2020, 2019, 2018, 2017 and 2010 respectively. From 2010-2014 the average sale price for single-family homes increased at roughly Canada’s inflation rate and then rose to 152% over inflation in Q2-2021. Condo prices rose parallel to the rate of inflation from 2010-2012, were 22% above inflation by 2016, and then rose to 153% over inflation in Q2-2020.
$900,000 $800,000 $700,000 $600,000 $500,000
$400,000 $300,000 $200,000 $100,000
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Q2-2021
Single-Family Home Average Sale Price: 2010 > Q2-2021 Canada’s Inflation Rate Based On Wasaga Beach’s 2010 Single-Family Home Average Sale Price Condominium Average Sale Price: 2010 > Q2-2021 Canada’s Inflation Rate Based On Wasaga Beach’s 2010 Condominium Average Sale Price
WA S AG A B E AC H . M A R K E T R E P O R T: S E C O N D Q U A R T E R 2 0 2 1
www.locationsnorth.com
LOCATIONS B R O K E R A G E
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
WA S AG A B E AC H M A R K E T R E P O R T: S E C O N D Q U A R T E R 2 0 2 1
www.locationsnorth.com
Georgian Triangle’s
MOST SUPPORTIVE BROKERAGE
$825,000+
1
#
Raised for local causes & Community Sponsorships from 2013-2020
Georgian Triangle
BROKERAGE
8
Straight Years* Of Record Sales!
Q2 Numbers BY THE
Annual Sales Volume 2020 Sales Up 91% from 2019
4
TIMES MORE
than our closest regional competitor†
1
#
in regional luxury home sales
4+
times more than our closest regional competitor†
642,996+
600
Page Views†
Buyer leads/month§ With over 4X the average industry conversion rate
59,379+ People Reached‡
9,393+
Clicks, Shares, Views, & Likes‡
Region’s Best Market Intelligence
56
LocationsNorth.com We average
Featured Listings
126,688+ Unique Visitors†
Detailed Market Reports Per Year Covering 10 Local Markets
Socially Connected
435,118+
Social Media Impressions Clicks, Views, Shares, Likes, Tweets‡
$36,720 Giving back and working in our community
Raised for Local Charities in 2020
$22,500
COLLINGWOOD: 705-445-5520 | CREEMORE: 705-881-9005 | MEAFORD: 519-538-5755 THORNBURY: 519-599-2136 | WASAGA BEACH: 705-617-9969 *
By MLS® dollar volume sales in each of the last 8 years. †Based on Google Analytics (January 1st, 2021 to March 31th, 2021). ‡Based on social media channels (January 1st, 2021 to March 31th, 2021). §Based on March 2021 lead volume
LOCATIONS B R O K E R A G E
PERSONAL PROFESSIONAL PROGRESSIVE REAL ESTATE SERVICE
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.
WA S AG A B E AC H M A R K E T R E P O R T: S E C O N D Q U A R T E R 2 0 2 1
www.locationsnorth.com