Collingwood Market Report

COLLINGWOOD REAL ESTATE
MARKET REPORT: 2015 IN REVIEW
COLLINGWOOD REAL ESTATE
MARKET REPORT: 2015 IN REVIEW
Part 1: Market Overview
 Record-breaking sales volume of $213,700,193, sales units of 657, and average sale price
of $325,267 (up 18.9%, 8.1% and 10% respectively over 2014’s previous records)!
 Sales units up a huge 82.9% in the $500K-$799K range and up 31% in the $300K+ range.
 The record sales came despite 2015’s total listings being down 16.1% from 2014, such
that the sales-to-listings ratio was a super-high 55.9%, with expired listings down 39.3%.
 All this suggests the demand for listings still greatly exceeds the supply. In fact, many
REALTORS® say sales would’ve been higher if there were more homes on the market.
Table 1: Collingwood MLS® Sales And Listing Summary, 2014 vs 2015
Sales ($)
Sales (Units)
Sales: Under $100,000
Sales: $100K – $299K
Sales: $300K - $499K
Sales: $500K - $799K
Sales: $800K - $999K
Sales: $1M - $1.499M
Sales: $1.5M +
Average Listing Price
Average Sale Price
Sales/Listings Price Ratio
New Listings
Sales/Listings Unit Ratio
Expired Listings
Average Days-On-Market
2014
2015
Difference
% +/-
$179,722,540
608
4
378
181
35
6
3
1
$306,015
$295,596
96.6%
1375
44.2%
382
70
$213,700,193
657
4
357
217
64
9
5
1
$336,764
$325,267
96.6%
1154
55.9%
232
64
+ $33,977,653
+49
0
-21
+36
+29
+3
+2
0
$30,749
+$29,671
0%
-221
+11.4%
-150
-6
+18.9%
+8.1%
0%
-5.6%
+19.9%
+82.9%
+50%
+67%
0%
+10%
+10%
0%
-16.1%
+26.5%
-39.3%
-8.6%
NOTE: All MLS®sales data in this report comes from the
Southern Georgian Bay Association Of REALTORS®.
Graph 1: Collingwood MLS® Sales, 2014 vs 2015 (Dollars)
Graph 2: Collingwood MLS® Sales, 2014 vs 2015 (Units)
Graph 3: Collingwood MLS® Monthly Sales, 2014 vs 2015 (Dollars)
Graph 4: Collingwood MLS® Monthly Sales, 2014 vs 2015 (Units)
Graph 5: Collingwood MLS® Sales, 2014 vs 2015 (By Type)
Part 2: Single-Family Homes
 Record-breaking 2015 dollar and unit sales, up 14% and 7.2% respectively over 2014.
 2015 average sale price up a healthy 6.4%, with average days-on-market down 6 days.
 Metrics show that demand for listings exceeded supply throughout 2015 and still does.
Table 2: Collingwood MLS® Single-Family Home Summary, 2014 vs 2015
Sales ($)
Sales (Units)
Average Listing Price
Average Sale Price
Sale/Listing Price Ratio
Average Days-On-Market
2014
2015
Difference
% +/-
$122,107,880
349
$361,788
$349,879
96.7%
66
$139,197,405
374
$386,052
$372,186
96.4%
60
+$17,089,625
+25
$24,274
+$22,297
-.3%
-6
+14%
+7.2%
+6.7%
+6.4%
-.3%
-9.1%
Graph 6: Collingwood MLS® Single-Family Home Sales, 2014 vs 2015 (Dollars)
Graph 7: Collingwood MLS® Single-Family Home Sales, 2014 vs 2015 (Units)
Part 3: Condominiums
 Record-breaking 2015 dollar and unit sales, up 28% and 8.5% respectively over 2014!
 Average 2015 sale price was up 17.9% over 2014!
 Metrics show that demand for listings exceeded supply throughout 2015 and still does.
Table 3: Collingwood MLS® Condominium Summary, 2014 vs 2015
Sales ($)
Sales (Units)
Average Listing Price
Average Sale Price
Sale/Listing Price Ratio
Average Days-On-Market
2014
2015
Difference
% +/-
$57,614,660
259
$230,862
$222,450
96.4%
75
$73,727,788
281
$270,677
$262,376
96.9%
70
+$16,123,128
+22
+$39,815
+$39,926
+.5%
-5
+28%
+8.5%
+17.2%
+17.9%
+.5%
-6.7%
Graph 8: Collingwood MLS® Condominium Sales, 2014 vs 2015 (Dollars)
Graph 9: Collingwood MLS® Condominium Sales, 2014 vs 2015 (Units)
Part 4: Vacant Land
 2015 sales volume and units changed little from 2014, with average sale price up 14.1%.
 However, there are so many variables in vacant land sales and so few transactions in any
given year that it is difficult to draw general conclusions about the market.
Table 4: Collingwood MLS® Vacant Land Summary, 2014 vs 2015
Sales ($)
Sales (Units)
Average Listing Price
Average Sale Price
Sale/Listing Price Ratio
Average Days-On-Market
2014
2015
Difference
% +/-
$2,027,000
17
$131,382
$119,235
90.8%
131
$2,040,500
15
$161,113
$136,033
84.4%
164
+$13,500
-2
+$29,731
+$16,798
-6.4%
+33
+.7%
-11.8%
+22.6%
+14.1%
-7.6%
+25.2%
Graph 10: Collingwood MLS® Vacant Land Sales, 2014 vs 2015 (Dollars)
Graph 11: Collingwood MLS® Vacant Land Sales, 2014 vs 2015 (Units)
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)
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.
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