CLEARVIEW REAL ESTATE MARKET REPORT: 2

ND QUARTER 2016

CLEARVIEW REAL ESTATE MARKET REPORT: 2

ND QUARTER 2016

Overview: An Astounding Second Quarter To An Astounding Year Record-breaking, YTD dollar sales of $59,843,368 and unit sales of 127, up 121% and 49%

from 2015! The average sale price of $471,208 is up an unheard-of 48% from a year ago, but this likely has more to do with the specific homes sold than market appreciation.

Similarly exceptional Q2 dollar sales of $37,227,800 and units of 77 are up 98% and 28% respectively from last year. To put Q2’s dollar sales in perspective, they’re up 38% over 2015’s 6-month total of $27,026,500, and occurred with 40% fewer new listings for sale. Table 1: Georgian Triangle MLS® – Clearview Sales & Listing Summary, January-June 2015 vs 2016

2015 2016 % +/-

Year-To-Date (YTD) Sales ($) $27,026,500 $59,843,368 +121%

YTD Sales (Units) 85 127 +49%

YTD New Listings 182 191 +5%

YTD Sales/Listings Ratio 47% 66% +19%

YTD Expired Listings 46 38 -17%

Second Quarter (Q2) Sales ($) $18,789,400 $37,227,800 +98%

Q2 Sales (Units) 60 77 +28%

Q2 New Listings 112 109 -3%

Q2 Sales/Listings Ratio 54% 71% +17%

Q2 Expired Listings 17 17 0%

YTD Sales: $100K – $299K 49 48 -2%

YTD Sales: $300K - $499K 29 47 +62%

YTD Sales: $500K - $799K 7 17 +143%

YTD Sales: $800K - $999K 0 7 –

YTD Sales: $1M - $1.499M 0 4 –

YTD Sales: $1.5M+ 0 4 –

YTD Average Days-On-Market 75 71 -5%

YTD Average Sale Price $317,959 $471,208 +48%

NOTE: All MLS®sales data in this report comes from the Southern Georgian Bay Association Of REALTORS®.

The combination of stratospheric sales, a much higher sales-to-listings ratio, fewer

expired listings, fewer average days-on-market, and a huge bump in the average sales price indicates that the demand for listings GREATLY exceeds the supply.

Graph 1: Georgian Triangle MLS® – Clearview Sales, January-June 2014 vs 2015 vs 2016 (Dollars)

Graph 2: Georgian Triangle MLS® – Clearview Sales, January-June 2014 vs 2015 vs 2016 (Units)

Graphs 3 and 4 show that 2016’s record sales translate directly into the monthly dollar

and unit totals. However, it must be said that after April’s peak, dollar sales – while still records – have fallen dramatically, with this June’s units actually less than last June’s.

Graph 3: Georgian Triangle MLS® – Clearview Monthly Sales, January-June 2015 vs 2016 (Dollars)

Graph 4: Georgian Triangle MLS® – Clearview Monthly Sales, January-June 2015 vs 2016 (Units)

As Graph 5 shows, 2016’s unit sales are up from 2015 in all price ranges except $100K-

$299K, where they’re down by 1 sale. The $300K-$499K and $500K-$799K ranges are up 62% and 143% respectively, while the entire $300K+ range is up 119% from 2015. Graph 5: Georgian Triangle MLS® – Clearview Sales By Price, January-June 2015 vs 2016 (Units)

Sales By Property Type Single-Family Homes: Dollar sales of $58,630,868 and unit sales of 122 are up 132% and

61% respectively from 2015, while the average sales price of $480,581 is up 44%. That said, the price increase more likely reflects specific homes sold than market appreciation.

Condominiums: 2016’s dollar sales of $215,000 on 1 unit sold are down 76% and 80% respectively from last year’s total of $902,500 on 5 unit sales. However, with so few sales it is difficult to draw general conclusions.

Vacant Land: 2016’s dollar sales of $1,840,675, unit sales of 11 and average sales price of $167,330 are down 22%, 15% and 7% respectively from 2015. However, with so many variables involved in vacant land transactions it is difficult to draw general conclusions.

Overall, the metrics indicate that the demand for listings GREATLY exceeds the supply.

Table 2: Georgian Triangle MLS® – Clearview Sales & Listing Summary By Type, January-June 2015 vs 2016

2015 2016 % +/-

Single-Family Home Sales ($) $25,292,000 $58,630,868 +132%

Single-Family Home Sales (Units) 76 122 +61%

Single-Family Home Av. Sale Price $332,789 $480,581 +44%

Single-Family Home Av. Days-On-Market 76 71 -7%

Condominium Sales ($) $902,500 $215,000 -76%

Condominium Sales (Units) 5 1 -80%

Condominium Average Sale Price $180,500 $215,000 +19%

Condominium Average Days-On-Market 115 90 -22%

Vacant Land Sales ($) $2,349,500 $1,840,675 -22%

Vacant Land Sales (Units) 13 11 -15%

Vacant Land Average Sale Price $180,731 $167,330 -7%

Vacant Land Average Days-On-Market 163 85 -48%

Graph 6: Georgian Triangle MLS® – Clearview Sales By Type, January-June 2015 vs 2016 (Dollars)

Graph 7: Georgian Triangle MLS® – Clearview Sales By Type, January-June 2015 vs 2016 (Units)

As to whether Clearview’s record sales will continue throughout 2016, time will tell. Please stay tuned as we provide Clearview Quarterly Reports and Georgian Triangle Monthly Reports in order to help you make better-informed real estate decisions.

Royal LePage Locations North In 2015

2015 was yet another record-breaking year for Royal LePage Locations North. We:

Broke our own Georgian Triangle record for annual MLS sales (set in 2014) with just under $160,000,000 – up 31% from 2014 and more than tripling our 2011 sales!

Sold 47% more real estate than our nearest competitor

Were #1 in each of our primary markets – Collingwood, The Blue Mountains, Thornbury and Meaford (we only opened our Wasaga Beach office in June, 2015)

Not only that, but as of June 30th our sales are up 36% over last year . . .

We couldn’t have done all this without the trust that our clients have placed in us. SO A BIG THANK-YOU to EVERYONE! We look forward to serving you when you decide to buy or sell.

* – ‘Units’ refers to the combined number of Listing and Selling Sides

* – ‘Units’ refers to the combined number of Listing and Selling Sides

We Give YOU Options At Locations North, we do everything we can to put YOU first – and that includes respecting your privacy by enabling you to choose your level of engagement. Please check out our video to see how we do it. Collingwood Office

330 First St., Collingwood ON 705-445-5520 Thornbury Office

27 Arthur St., Thornbury ON 519-599-2136 Meaford Office

96 Sykes St. Meaford, ON 519-538-5755 Wasaga Beach Office

1288 Mosley St., Unit 7 Wasaga Beach, ON 705-617-9969 Creemore Office

143 Mill St. Creemore, ON 705-881-9005