REAL ESTATE MARKET SNAPSHOT –  2021 IN REVIEW

The above graphic shows sales activity in our local trading area over the past 8 years – viewed in six-month snapshots – showing the average selling price and the median selling price for freehold homes and condominiums.

Our focus for this snapshot, as usual, will be the three key trading areas and home types with which we have the most expertise: sales of residential condominiums and detached homes in The Blue Mts., Collingwood and Clearview. Overall, 2021 was a very strong year, with The Blue Mts., Collingwood and Clearview enjoying record volume sales of $510,216,268, $487,097,378 and $264,882,516 respectively. That’s up 17%, 30% and 46% from 2020’s previous highs. Those gains were largely due to rising prices owing to relatively strong demand: Collingwood had a 79% sales-to-listings ratio and an average sale time 20 days; Clearview had a 74% ratio and averaged 23 days-on-market; and The Blue Mts. had a 73% ratio and averaged 25 days on market. Additionally, Collingwood had only one month of inventory for every month but January, while The Blue Mts. and Clearview both averaged about seven weeks for the year. It will be interesting to see whether that demand carries forward into 2022.

HIGHS, LOWS & SPECIFICS

THE BLUE MOUNTAINS: Fewer sales overall, shorter sale times – both detached home and condo sales up very nicely.

• The high sale was a 7,780 SF home in Craigleith for $4,850,000.
• The low sale was a 1 bdrm, 1 bath, 466 SF condo on Jozo Weider Blvd. for $185,000.
• 187 condo sales (up 34% from 2020’s 140); avg of 32 DOM (Days On Market), down 14 days from 2020; avg sale-to-list price ratio of 99.2%, up from 98.3; avg sale price of $553,160, up 26% from $437,751.
• 263 single-family home sales (down 18% from 2020’s 319); avg DOM of 23, down 31 days; avg sale-to-list-price ratio of 100%, up from 98.3%; and an avg sale price of $1,546,674, up 32% from $1,174,436.

COLLINGWOOD: More sales overall, shorter sale times, both detached home and condo values up very nicely.

• The high sale was a 4,287 SF waterfront home for $3,200,000.
• The low sale was a 1 bdrm, 1 bath, 481 SF condo on Eighth St. for $249,900.
• 192 condo sales (up 34% from 2020’s 143); avg of 28 (DOM), down 4 days from 2020; avg sale-to-list- price ratio of 100%, up from 99%; avg sale price of $588,002, up 17% from $502,511.
• 383 single-family home sales (down 3% from 2020’s 402); avg DOM of 16, down 23 days; avg sale-to-list-price ratio of 101%, up from 98.7%; and an avg sale price of $977,026, up 29% from $756,422.

CLEARVIEW: More sales, shorter sale times, detached home values up very nicely, no condo sales.

• The high sale was a 10,418 SF home in Creemore for $6,040,000.
• The low sale was a 1 bdrm, 1 bath, 466 SF home on Elm St. in Stayner for $210,000.
• 278 single-family home sales (up 15% from 2020’s 242); avg of 23 DOM, down 36 days from 2020; avg sale-to-list-price ratio of 100%, up from 98.7%; and an avg sale price of $952,815, up 27% from $749,829.