Annual Market Report 2016

ANNUAL REPORT 2016

Selling the LIFESTYLE

Find out what YOUR HOME is worth Call 1-800-861-7289

Annual Market Report

Sea & Ski Realty is happy to present our Annual Market Report covering real estate in Grey and
Bruce Counties. It’s been a very busy year for the real estate profession in Ontario, and with sales
outpacing new listings by a wide margin, this is a seller’s market.

The information that you find in this report was compiled directly from the REALTORS® Association
of Grey Bruce Owen Sound MLS with the exception of Meaford and The Blue Mountains which
was compiled from the Southern Georgian Bay Association of REALTORS®. While we know that
not every transaction that occurs in the market is recorded in the MLS, this report aims to serve as
a generic, yet specific, guideline and overview of how our market and municipalities have per-
formed over the past year.

The numbers are in and it is clear that 2016 has continued the trend from 2015 in breaking records
in all areas of home sales for Sea & Ski Realty, beating the previous records from 2007.

Our team of agents and staff are excited about the real estate market and we encourage you
to reach out to us to answer any questions you may have about real estate. Should you have
any questions about this information, please feel free to contact us at 1-800-861-7289.

The Market’s Hot!

Since 2013, the
average price of
homes in Grey-Bruce
have increased by as
much as 28% as
reported by the

REALTORS®
Association of Grey
Bruce Owen Sound.

Find out what YOUR HOME is worth Call 1-800-861-7289

Grey & Bruce Counties

2016 was a banner year in Grey and Bruce Counties for residential home sales as the area set
a new annual record. Sea and Ski Realty also had a record breaking year for sales and are
expecting another great year in 2017. With a 12% drop in new listings and higher prices
across the board it’s a sellers market, and a great time to list your home with us.

7.6%

Increase in Average Price of Homes Sold

-12%

New Residential Listings 2015 vs. 2016

16%

Increase in units sold 2015 vs. 2016

Number of Sales by Volume 2016 2015 2014
5647 6422 7116
Total Number of Listings 3724 3205 2820
Total Number of Sales

Average Sales Price $ 278,257 $ 258,487 $ 237,725

Total Sales in Dollars $ 989,397,148 $ 800,099,586 $ 683,355,496

Average Sales price + /- Year to Year +7.6% +8.7% +10.2%

Over the past 3 years a definite trend has taken shape and what can be seen in the
numbers above is the number of new property listings coming to market has declined 12%
since 2015 while the number of sales has increased by 16% and the average sale price of a
home went up 7.6%. The result is that there is less available product and increasing demand
as more units are sold each year, creating a sellers market.

Number of Properties Sold by Price 2016 2015 2014
186 147 146
$0 - $49,999 253 238 203
$50,000 - $99,999 981 975 958
$100,000 - $199,999

$200,000 - $299,999 1,155 974 850

$300,000 - $399,999 597 480 142
$400,000 - $499,999 273 200 150
$500,000 - $749,999 204 149 102
$750,000 - $999,999+ 47 23 23
28 19 23
$1,000,000 +

TOTAL SALES 3,724 3,205 2,597

Drop by for a Coffee at our Kimberley Office!

When looking at the Residential Sales Volume by Month for the past 5 years you can clearly
see that 2016 has surpassed 2015’s record breaking year. As 2016 progressed you can see
the sales volume gradually increasing from January to June, then a slight decrease in July,
only to go back up and peak in August then slowly decrease through the fall to December.

In 2015 the month with the highest sales volume was June, while in 2016 it was the month of
August. For the past 5 years January has consistently been the month with the lowest Sales
Volume.

“...2016 has surpassed 2015’s record breaking year”

Municipality of Chatsworth

Our pick for the future. Located just West of Meaford and The Blue Mountains,
Chatsworth is poised to take advantage of value. Whether you’re looking for a
weekend recreation getaway or full time retirement living, Chatsworth is close
enough to the action, yet still provides that rural sense of tranquility.

23%

Average Price Increase in Homes Sold

-33%

New Residential Listings 2015 vs. 2016

-2%

Increase in units sold 2015 vs. 2016

Municipality of Chatsworth

Lowest and Highest Residential Sale Prices
for 2016

$<610/2,0Ac0re0 $>75500A,c0re0s0

1 Bed / 1 Bath 6 Bed / 5 Bath
Fixer Upper Waterfront Estate

Number of Sales by Volume 2016 2015
101 151
Total Number of Listings 89 91
Total Number of Sales $310,687 $274,075
Average Sales Price

2016 showed a significant increase in activity over last year indicating Chatsworth is being
discovered. Chatsworth saw the average residential home sale prices increase 23% increase

from $274,075 in 2015 to $310,687 in 2016. The number oKf naerwernesCideonxtial listings has dropped

33% from 151 new listings in 2015 to only 101 in 2016.BoTrwohkeneenrruomf Rbeecroordf /sales has decreased
2% with 89 sales in 2016 down from 91 sales in 2015.

Drop by for a Coffee at our Kimberley Office!

Municipality of Grey Highlands

The Municipality of Grey Highlands plays an important part in the local economy and is a
special part of the Southern Georgian Bay area hosting one of the only inland lakes that allows
motorized watercraft without restrictions. In addition, Grey Highlands boasts some of the best
scenic views and is quickly becoming a popular location for recreation enthusiasts and retirees.

6%

Average Price Increase in Homes Sold

-24%

New Residential Listings 2015 vs. 2016

35%

Increase in units sold 2015 vs. 2016

Municipality of Grey Highlands

Lowest and Highest Residential Sale Prices
for 2016

$<615/2,0Ac0re0 $1>,8400A0c,r0es00

1 Bed / 1 Bath 5 Bed / 5 Bath
Fixer Upper Executive Estate

Number of Sales by Volume 2016 2015
146 192
Total Number of Listings 142 105
Total Number of Sales $292,715 $275,966
Average Sales Price

2016 was a great year in the Municipality of Grey Highlands for residential home
sale prices with a 6% increase in the average sale price from $275,966 in 2015 to
$292,715 in 2016. The number of new residential listings has dropped 24% from
192 new listings in 2015 to only 146 in 2016. The number of sales has increased a
whopping 35% with 142 sales in 2016 up from only 105 sales in 2015.

Drop by for a Coffee at our Kimberley Office!

Municipality of Meaford

The Municipality of Meaford is located on Nottawasaga Bay about 20 minutes North-West of
Collingwood. Meaford is a growing community catering to both the recreation and retirement
lifestyle and currently provides some of the best value in the area.

13%

Average price increase in homes sold 2016 vs. 2015

-19%

Decrease in new residential listings 2016 vs. 2015

19%

Increase in units sold 2016 vs. 2015

Municipality of Meaford

Lowest and Highest Residential Sale Prices
for 2016

$<419/2,5Ac0re0 $2>,124500A,c0re0s 0

1 Bed / 1 Bath 5 Bed / 6 Bath
Condo Executive Estate

Number of Sales by Volume 2016 2015
Total Number of Listings 215 266
Total Number of Sales 166 139
Average Sales Price $351,115 $310,564

2016 saw increased sales activity in the Municipality of Meaford with residential
home sale prices showing a 13% increase in the average sale price from $310,564
in 2015 to $351,115 in 2016. The number of new residential listings has dropped

19% from 266 new listings in 2015 to only 215 inK2a01re6.n TCheoxnumber of sales has

Broker of Record/

increased 19% with 166 sales in 2016 up from 139oswanlers in 2015.

The Blue Mountains

The Blue Mountains is the heartbeat of our economy. Since 1999 when Intrawest
first made its announcement of partnering with Blue Mountain Resorts the Town of
the Blue Mountains has become the focal point and a hub for all the four season
recreation activities around Southern Georgian Bay.

7.5%

Average Price Increase in Homes Sold

-17%

New Residential Listings 2015 vs. 2016

3%

Increase in units sold 2015 vs. 2016

The Blue Mountains

Lowest and Highest Residential Sale Prices
for 2016

$<817/2,0Ac0re0 $3<,9104A5c,r0es00

1 Bed / 1 Bath 5 Bed / 5 Bath
Condo Executive Estate

Number of Sales by Volume 2016 2015
337 407
Total Number of Listings 213 206
Total Number of Sales $666,609 $620,085
Average Sales Price

The Blue Mountains had a fantastic year in 2016 for residential home sale prices with a 7.5%
increase in the average sale price from $620,085 in 2015 to $666,609 in 2016. The number of
new residential listings has dropped 17% from 407 new listings in 2015 to only 337 in 2016.
The number of sales has increased 3% with 213 sales in 2016 up from 206 sales in 2015.

Drop by for a Coffee at our Kimberley Office!

Thank You for taking the time to read our 2016 Market Report. We hope you

found it both interesting and informative.

When the time comes that you are looking to Buy
or Sell we sincerely hope that you will contact us.

Thank you,

- The Sea & Ski Team

Thinking of Selling? Now is the Time!

At Sea & Ski every member of our staff works as a team. Each
member has specialized skills and training that will go towards

listing and marketing your propety. Being a team, we are
more dynamic, and have full control over your marketing at
all times and with over 50 years of combined experience you

can rest assured you’re working with professionals.
The Team Difference means you will have every person on

staff working to get your property SOLD!

‘Chic Country Estate’ Offer in 8 days!

“We’re big fans of Sea & Ski!”

At Sea and Ski our Clients Say it Best! If you’re Thinking of
Selling your Home or Property, Sea & Ski has the Marketing
& Technology to bring the City Buyers to your door! If you’re

thinking of selling now is the time!

“We’ve Recommended Sea & Ski to a Number
of our Friends... It’s been a pleasure”

Find out what YOUR HOME is worth

1-800-861-7289
www.SeaAndSki.on.ca
[email protected]