JULY 2020 - YOUR REAL ESTATE MARKET UPDATE

By: Gemma Leggett

JULY 2020 - YOUR REAL ESTATE MARKET UPDATE

Tags: REAL ESTATE MARKET UPDATE, TREB MARKET UPDATE, YORK REAL ESTATE MARKET, SIMCOE REAL ESTATE MARKET

There has been no slowdown in the summer real estate market.  In fact, July was a record-breaking month in The Toronto & GTA Real Estate Market! 

In a month that is in a traditionally slower time of year, the market still shows no signs of letting up!

 

As in June, we were still in a SELLER's market in July!  The buyers are still out there but the inventory continues to remain low, making the competition strong for seller’s properties.

 
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 July 2020:

York Region :
The average sales price is relatively unchanged compared to June 2020 with a - .01% decrease and UP +17.39% compared to July 2019
The average sales price is UP +15.27% since January 2020!
The number of sales  are UP +36.63% from June 2020!

Simcoe Region :
The average sales price is UP +1.81% compared to June 2020, and UP +10.28% compared to June 2019
The average sales price is UP +5.16% since January 2020.
The number of sales jumped +14.39% from June 2020!

Here are the numbers:


       
  

As always, If you have any questions, or would like the market update for YOUR area, please don't hesitate to reach out: gemma@gemmaleggett.ca /  416 824 7475