COLLINGWOOD REAL ESTATE MARKET REPORT: 2

ND QUARTER 2016

COLLINGWOOD REAL ESTATE MARKET REPORT: 2

ND QUARTER 2016

Overview: Record Quarterly And Year-To-Date Sales – And Prices! Record YTD dollar sales of $130,836,838, unit sales of 364, and average sale price of

$359,442 (up 30%, 14% and 14% respectively over 2015’s previous records). The records came despite new listings being down 6% and average days-on-market down 4 weeks.

Record Q2 dollar sales of $88,743,092 and units of 242 are up 40% and 22% respectively from 2015’s records, with a surprising number of overpriced and multiple offer scenarios. Table 1: Georgian Triangle MLS® – Collingwood Sales & Listing Summary, January-June 2015 vs 2016

2015 2016 % +/-

Year-To-Date (YTD) Sales ($) $100,671,141 $130,836,838 +30%

YTD Sales (Units) 318 364 +14%

YTD New Listings 587 551 -6%

YTD Sales/Listings Ratio 54% 66% +12%

YTD Expired Listings 117 45 -62%

Second Quarter (Q2) Sales ($) $63,600,623 $88,743,092 +40%

Q2 Sales (Units) 198 242 +22%

Q2 New Listings 354 347 -2%

Q2 Sales/Listings Ratio 56% 70% +14%

Q2 Expired Listings 50 21 -58%

YTD Sales: Under $100,000 1 0 -100%

YTD Sales: $100K – $299K 175 167 -5%

YTD Sales: $300K - $499K 107 132 +23%

YTD Sales: $500K - $799K 29 57 +97%

YTD Sales: $800K - $999K 4 4 0%

YTD Sales: $1M - $1.499M 2 4 +100%

YTD Average Days-On-Market 71 43 -39%

YTD Average Sale Price $316,576 $359,442 +14%

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

The combination of record sales, fewer new listings on the market, fewer expired listings,

fewer average days-on-market and a very healthy average price increase indicates that the demand for listings GREATLY exceeds the supply. Graph 1: Georgian Triangle MLS® – Collingwood Sales, January-June 2014 vs 2015 vs 2016 (Dollars)

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

Graph 3 shows that with the exception of February and March, 2016’s dollar sales have

enjoyed huge increases over 2015, while Graph 4 shows that this year’s unit sales have also been up – especially April – with March being the only month down from last year.

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

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

Graph 5 shows 2016’s unit sale gains are up from or equal to 2015’s for four of the six

price ranges, and up a huge 39% overall in the $300K+ range.

Graph 5: Georgian Triangle MLS® – Collingwood Sales By Price, January-June 2015 vs 2016 (Units)

Sales By Property Type Single-Family Homes: Record YTD dollar sales of $87,971,277 are up an incredible 37%

from 2015, while unit sales of 205 are up 13%. The average sale price is also up a huge 21%, while average days-on-market is down 3½ weeks from last year.

Condominiums: Record YTD dollar and unit sales of $42,145,361 and 157 respectively are both up 15% from a year ago, while average days-on-market is down nearly 7 weeks.

Vacant Land: YTD units sales of 9 are equal to 2015, with dollar sales of $3,134,500 and the average sale price of $348,278 both up 289% from last year. Average days-on-market of 68 was down nearly 2 months from 2015. However, with so few sales and 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® – Collingwood Sales & Listing Summary By Type, January-June 2015 vs 2016

2015 2016 % +/-

Single-Family Home Sales ($) $64,145,300 $87,971,277 +37%

Single-Family Home Sales (Units) 181 205 +13%

Single-Family Home Av. Sale Price $354,394 $429,128 +21%

Single-Family Home Av. Days-On-Market 61 36 -41%

Condominium Sales ($) $36,525,841 $42,145,561 +15%

Condominium Sales (Units) 137 157 +15%

Condominium Average Sale Price $266,612 $268,443 +.7%

Condominium Average Days-On-Market 84 50 -40%

Vacant Land Sales ($) $925,000 $3,134,500 +289%

Vacant Land Sales (Units) 9 9 0%

Vacant Land Average Sale Price $102,778 $348,278 +289%

Vacant Land Average Days-On-Market 127 68 -47%

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

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

As to whether Collingwood’s record sales will continue throughout 2016, time will tell. Please stay tuned as we provide Collingwood 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