The Real Estate Market in 2021. Frontenac County, Stone Mills and Addington Highlands.

Submitted by Dawn Morden – Sales representative -Nadeau Real Estate | Jan 05, 2022

Less real estate sold during the last quarter of 2021 than during the third quarter. This was expected as sales generally slow when winter approaches. Less real estate also sold this fall than during the same time in 2020.

The market though, less busy, was still very competitive. Most property sold in fewer days than during the third quarter, or during the same time in 2020.

The average sale price of property continued to climb. All five townships had sales of waterfront homes for over a million dollars. The most expensive was located in North Frontenac with a sale price of 2.25 million dollars. Despite the high prices during this period, homes were purchased in Stone Mills and Central Frontenac for $150,000, South Frontenac for $207,000, and in Addington Highlands and North Frontenac, $225,000.

2021 Overview. The Year As a Whole.

Over 300 million dollars of real estate was sold in Frontenac County during 2021. Sales volume was higher than any year for the past ten years despite the fact that there were fewer properties on the market.

At year end, the number of listings was at it's lowest in the past ten years. Buyers purchased more of what was available. People wanted to buy. Homes and property were in high demand. The same trend was seen in Stone Mills with almost the highest volume of sales in the last ten years, and the fewest number of listings throughout the year, and at year end.

Addington Highlands had a similar experience. 2021 had one of the highest volume of sales in the last ten years, with the fewest number of new listings throughout the year. In one way or another, all five townships had record breaking years.

Most properties that were for sale, sold. In most communities they sold faster than they ever have. Sales prices increased tremendously and even so homes sold for more than the asking price in most areas.

The most dramatic increases were in North Frontenac. Towards the end of 2021 the average sale price of both homes and land in North Frontenac surpassed the average sale prices in South Frontenac. North Frontenac is now the most expensive of the five townships to purchase property.

Here are some details of the real estate market activity during 2021 in each township. Data from MLS December 31, 2021, it's accuracy a reflection of MLS reporting processes. Includes Kingston and Ottawa board listings.

Information from 2020 is in brackets ( ) Prices in thousands of dollars

Addington Highlands

Houses sold – 70 (72) average price - $466 ($330), average % of listing price 99% (98%)

Waterfront - $684 ($419), off water $366 ($241), Vacant Land – 33 (25) average price - $135 ($93)

Vacant Land – Properties sold 33 (25) average price - $135 ($93)

North Frontenac

Houses sold – 87 (60) average price - $670 ($418), average % of listing price 104% (100%)

Waterfront - $774 ($455), off water $322 ($189),

Vacant Land – Properties sold 26 (14) average price - $190 ($108)

Central Frontenac

Houses sold – 129 (107) average price - $511 ($392), average % of listing price 107% (98%)

Waterfront - $698 ($471), off water $363 ($283),

Vacant Land – Properties sold 54 (47) average price - $194 ($114)

South Frontenac

Houses sold – 299 (355) average price - $606 ($512), average % of listing price 110% (101%)

Waterfront - $722 ($602), off water $539 ($458),

Vacant Land – Properties sold 93 (66) average price - $230 ($172)

Stone Mills

Houses sold 135 (128), average price $591 ($429) average % of listing price – 197% (100%). Waterfront homes average price - $870 ($515) off water $521,000 ($390)

Vacant Land – Properties sold 42 (36) average price $192 ($158)

Sellers were in a good position during 2021 however, if they were planning to move to a new home would have been under pressure to find and purchase that home before moving. Buyers had less to choose from on the market, and more people bought than in the last ten years. Properties sold quickly, often with little or no offer negotiation. Buyers had to know exactly what they wanted and how much they were willing to pay so they could act quickly to get their offers in and accepted.

It wasn't so much about 'getting a good deal', but more about getting something at all. Such high average sale prices are great for some people but may seem discouraging to others. If you want to own a home or property, don't be discouraged.

Here is what the least expensive properties sold for in 2021.

Stone Mills - $150,000 home. $251,000 waterfront home. $22,000 vacant land. $101,000 waterfront land.

Addington Highlands - $60,000 home. $300,000 waterfront home. $15,000 vacant land. $96,000 waterfront land.

North Frontenac -$170,000 home. $325,000 waterfront home. $69,000 vacant land. $10,500 waterfront land.

Central Frontenac - $75,000 home. $205,000 waterfront home. $20,000 vacant land. $56,000 waterfront land.

South Frontenac -$100,000 home. $195,000 waterfront home. $45,000 vacant land. $50,000 waterfront land.

Yes, that was waterfront land in North Frontenac for $10,500. It was under an acre on a creek, and can't have a house built on it but it's still land and was someone's dream until they made it reality. Big or small, your dreams can still come true too.