2019 Wasaga Beach, Collingwood and Clearview Market Stats

REMAX_MarketReport_December-2019-1The residential 12-month average sale price continues to increase slowly month over month in Wasaga Beach and Collingwood. And inventory still remains relatively low (historically) inventory.

In Wasaga Beach, there was a total of 366 sales in 2019, an average of 1 detached home sold per day throughout the calendar year. In comparison, all residential sales totaled 518 units (including condominiums, townhouses, and leased land housing sales), an average of 1.4 sales per day.

In Collingwood, there was a total of 326 sales in 2019, an average of just under 1 (0.89) detached home sold per day throughout the calendar year. In comparison, all residential sales totaled 614 units (including condominiums, townhouses, and leased land housing sales), an average of 1.68 sales per day.

Wasaga Beach: The 12-month average sales price for a residential-detached freehold ownership home sold in Wasaga Beach is currently $505,685. This value is up +9.14% over December 2018 ($463,325). An increase of $42,360 in one year’s time.

The average days on the market has increased to 73 days for the homes sold within the month of December. This is an increase from an average of 53 days on the market in both October and November. Comparatively the average days on market in December 2018 were 67 and 62 in December 2017. Looking ahead based on the past two years recorded history, in 2019 the average days on market for homes sold in January were recorded at 60 DOM, and 53 DOM in January 2018.

Year to date the amount of residential-detached freehold ownership homes sold in Wasaga Beach is up +8.28% as we entered January 2020 over the same time in 2019. The month of December completed 16 sales in 2019 which was an increase over a total of 11 sales in December 2018. And slightly down from 21 sales in December 2017.

The average list to sale ratio is holding for the fourth straight month in a row at 96.56% of asking price entering January 2020.

At this time the inventory is approximately 4 months of inventory entering January 2020. A total of 16 sales were completed in December with 63 active listings entering January. Out of the 63 active listings at the beginning of January, 60 are fully active and 3 have conditional sales underway.

The highest amount of residential-detached freehold ownership homes sold in 2019 was within the price range of $375,000 to $650,000. There was a total of 48 sales completed between $350,000 to $400,000. A total of 115 sales completed between $400,000 and $500,000. A total of 95 sales between $500,000 and $600,000. And 41 sales completed between $600,000 and $700,000.

Notably, there was a total of 11 homes sold between $800,000 to $900,00 in 2019. This has increased from a total of 3 homes sold in all of 2018 within the same price range. And 7 homes sold over $1 Million in 2019 compared to a total of 3 sold in 2018.

Collingwood: The 12-month average sales price for a residential-detached freehold ownership home sold in Collingwood was $594,927 in December 2019. The value is up +2.78% over this time last year ($578,823 in December 2018). This represents an average increase of +$16,104 in one year’s time.

The average days on the market was 47 days for the homes sold within the month of December. This number increased from 35 DOM in November 2019. Comparatively the average days on market in December 2018 were 39 days. Looking ahead based on the past two-year history, in 2019 the average days on market for homes sold in January were recorded at 74 DOM and a total of 47 in January 2018.

The amount of residential-detached freehold ownership homes sold in Collingwood throughout 2019 (326) increased an impressive 40% over 2018 (232). The month of December completed 18 sales in 2019 which was an increase over a total of only 10 sales in December 2018.

The average list to sale ratio decreased to 95.20% of asking price entering January 2020.

At this time the inventory is approximately 6 months of inventory entering January 2020 (based on the low amount of December sales). A total of 18 sales were completed in December with 125 active listings entering January. Out of the 125 active listings, 118 are fully active and 7 had conditional sales underway at the beginning of the month.

Marketshare: Within Wasaga Beach, RE/MAX Of Wasaga Beach Inc. Brokerage continues to dominate the real estate sales activity and volume with an impressive 56% market share entering January 2020. We are currently selling more than every other home sold in Wasaga Beach, with the remaining seven (7) offices located within the town, collectively selling the 44% balance. Our next singular competitor would need to increase their business by 201% to match RE/MAX’s production. REMAX_MarketReport_December-2019-2REMAX_MarketReport_December-2019-3WB-RiverfrontProperty_December2019MultipleGraphs-Final2019.numbers-Price Range Chart12 Month Average Price - Wasaga Beach & Collingwood.numbers-Coll12 Month Average Price - Wasaga Beach & Collingwood.numbers-WasaMultipleGraphs-Final2019.numbers-Price Range List YTDREMAX_MarketReport_December-2019-4

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