August 2020 - Real Estate Market Update - York and Simcoe Region - GTA

By: Gemma Leggett

August 2020 - Real Estate Market Update - York and Simcoe Region - GTA

Tags: Market Update York Region, Market update Simcoe Region, GTA Market update

 

As we enter fall, the real estate market in Toronto and the GTA is still going strong!  In fact, August was another record setting month!  Low borrowing costs, increased demand and competition between buyers has pushed homes sales and prices to record highs.
 
Here is a glimpse at what The Toronto Real Estate Board REALTORS® through TREB's MLS® System has released in York and Simcoe Region for the month of August 2020:

York Region :
The average sales price is down slightly compared to July 2020 with a .21% decrease and UP +14.67% compared to August 2019
The average sales price is UP +15.03% since January 2020!
The number of sales are UP +4.49% from July 2020!


Simcoe Region :
The average sales price is UP +6.76% compared to July 2020, and UP +20.27% compared to August 2019
The average sales price is UP +12.28% since January 2020.
The number of sales are up slightly +1.30% from July 2020!


Here are the numbers: