June 2020 - The Real Estate Market is on fire! 

By: Gemma Leggett

June 2020 - The Real Estate Market is on fire! 

Tags: Real Estate Market Update, TREB Market Update, York Real Estate Market, Simcoe Real Estate Market

 

 

We are still in the middle of a Pandemic... Yet The Toronto Real Estate Market is on Fire! So if you are looking for a discounted property, you might not find it!

If you tried to sell in June, you were most likely successful, and if you tried to buy, you were most likely competing with other buyers. 
In June 2020 we were in a SELLER's market and we are still today! There simply isn't enough properties avaible, and there are still lots of buyers in need of a home! 


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 June 2020:

York Region :
The average sales price is UP +8.22% compared to May 2020, and UP +17.5% compared to June 2019
The average sales price is UP +15.29% since January 2020! 
The number of sales jumped +95.66% from May 2020! 


Simcoe Region :

The average sales price is UP +8.83% compared to May 2020, and UP +9.36% compared to June 2019
The average sales price is UP +3.30% since January 2020. 
The number of sales jumped +121.43% from May 2020! 


Here are the numbers:
  


Click here to watch the video:

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