WASAGA BEACH REAL ESTATE MARKET

WASAGA BEACH REAL ESTATE
MARKET REPORT: 2ND QUARTER 2016
WASAGE BEACH REAL ESTATE
MARKET REPORT: 2ND QUARTER 2016
Overview: Record-Shattering Q2 And YTD Sales – And Prices!
 Year-to-date dollar sales of $141,355,583, unit sales of 440, and average sale price of
$321,263 are up 40%, 29% and 8% respectively over 2015’s previous highs. The records
came despite new listings being down 10% and average days-on-market down 2+ weeks.
 Second quarter volume of $94,547,483 and units of 291 are up 40% and 27% respectively
from 2015’s records, with a surprising number of overpriced and multiple offer scenarios.
Table 1: Georgian Triangle MLS® – Wasaga Beach Sales & Listing Summary, January-June 2015 vs 2016
Year-To-Date (YTD) Sales ($)
YTD Sales (Units)
YTD New Listings
YTD Sales/Listings Ratio
YTD Expired Listings
Second Quarter (Q2) Sales ($)
Q2 Sales (Units)
Q2 New Listings
Q2 Sales/Listings Ratio
Q2 Expired Listings
YTD Sales: Under $100,000
YTD Sales: $100K – $299K
YTD Sales: $300K - $499K
YTD Sales: $500K - $799K
YTD Sales: $800K - $999K
YTD Sales: $1M - $1.499M
YTD Sales: $1.5M+
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®.
2015
2016
% +/-
$101,061,418
340
705
48%
120
$67,534,107
230
424
54%
56
9
200
108
20
1
1
1
66
$297,239
$141,355,583
440
634
69%
70
$94,547,483
291
377
77%
31
8
198
195
36
3
0
0
51
$321,263
+40%
+29%
-10%
+21%
-42%
+40%
+27%
-11%
+23%
-45%
-11%
-1%
+81%
+80%
+200%
-100%
-100%
-23%
+8%
 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
generally the demand for listings GREATLY exceeds the supply.
Graph 1: Georgian Triangle MLS® – Wasaga Beach Sales, January-June 2014 vs 2015 vs 2016 (Dollars)
Graph 2: Georgian Triangle MLS® – Wasaga Beach Sales, January-June 2014 vs 2015 vs 2016 (Units)
 Graphs 3 and 4 show that 2016’s YTD and Q2 record sales have translated directly into
the monthly dollar and unit totals. Every month is up from last year, with particularly
big gains in February and each of the Q2 months.
Graph 3: Georgian Triangle MLS® – Wasaga Beach Monthly Sales, January-June 2015 vs 2016 (Dollars)
Graph 4: Georgian Triangle MLS® – Wasaga Beach Monthly Sales, January-June 2015 vs 2016 (Units)
 Graph 5 shows 2016’s unit sale gains are mainly in the $300K-$499K and $500K-$799K
price ranges, which are up 81% and 80% respectively from 2015. Also, sales in the
$800K-$999K range tripled, while each of the other ranges was down slightly.
Graph 5: Georgian Triangle MLS® – Wasaga Beach Sales By Price, January-June 2015 vs 2016 (Units)
Sales By Property Type
 Single-Family Homes: Record dollar sales of $130,359,293 are up an phenomenal 43%
from 2015, while unit sales of 384 are up 31%. The average sale price is also up 9%, while
average days-on-market is down nearly 2 weeks from last year.
 Condominiums: Record dollar sales of $5,857,100 and unit sales of 23 are up 47% and 5%
respectively from 2015. The average sale price of $254,675 is also up 40%, while the
average days-on-market is down 3+ weeks.
 Vacant Land: Dollar sales, units sales and average sales price are down 21%, 12% and
10% respectively from 2015. However, with so many variables involved in vacant land
transactions it is difficult to draw general conclusions.
 Overall, the metrics indicate that the demand for listings GREATLY exceeds the supply.
Table 2: Georgian Triangle MLS® – Wasaga Beach Sales & Listing Summary By Type, January-June 2015 vs 2016
Single-Family Home Sales ($)
Single-Family Home Sales (Units)
Single-Family Home Av. Sale Price
Single-Family Home Av. Days-On-Market
Condominium Sales ($)
Condominium Sales (Units)
Condominium Average Sale Price
Condominium Average Days-On-Market
Vacant Land Sales ($)
Vacant Land Sales (Units)
Vacant Land Average Sale Price
Vacant Land Average Days-On-Market
2015
2016
% +/-
$91,380,700
294
$310,819
62
$3,993,000
22
$181,500
80
$2,783,250
24
$115,969
161
$130,359,293
384
$339,571
49
$5,857,100
23
$254,675
57
$2,185,556
21
$104,075
73
+43%
+31%
+9%
-21%
+47%
+5%
+40%
-29%
-21%
-12%
-10%
-55%
Graph 6: Georgian Triangle MLS® – Wasaga Beach Sales By Type, January-June 2015 vs 2016 (Dollars)
Graph 7: Georgian Triangle MLS® – Wasaga Beach Sales By Type, January-June 2015 vs 2016 (Units)
As to whether Wasaga Beach’s record sales will continue throughout 2016, time will tell.
Please stay tuned as we provide Wasaga Beach 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