Source: TRREB MarketWatch, July 2018

5 areas

Simcoe County

July 2018

Headline indicators

All home types

Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.

$591,935

MoM −$23,855 −3.9% down $23,855, 3.9% versus June 2018 YoY +3.6% up 3.6% versus July 2017

Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.

$572,500

MoM −$2,000 −0.3% down $2,000, 0.3% versus June 2018 YoY +10.3% up 10.3% versus July 2017

MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.

MoM n/a not available, prior month not on file versus June 2018 YoY n/a not available, prior month not on file versus July 2017

Sales — Firm transactions reported through the MLS® System during the month.

250

MoM +18 +7.8% up 18, 7.8% versus June 2018 YoY +88.0% up 88.0% versus July 2017

Dollar volume — Total value of all sales in the month.

$148.0M

MoM +$5,120,404 +3.6% up $5,120,404, 3.6% versus June 2018 YoY +94.8% up 94.8% versus July 2017

New listings — Properties newly listed during the month.

551

MoM −99 −15.2% down 99, 15.2% versus June 2018 YoY +16.0% up 16.0% versus July 2017

Active listings — Listings available at month end.

1,150

MoM −66 −5.4% down 66, 5.4% versus June 2018 YoY +31.4% up 31.4% versus July 2017

Avg. DOM — Average days on market. Editions before 2020 report this single figure rather than splitting it into LDOM and PDOM.

40

MoM +7 days +21.2% up 7 days, 21.2% versus June 2018 YoY +66.7% up 66.7% versus July 2017

Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.

97%

MoM no change no change versus June 2018 YoY no change no change versus July 2017

SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.

45.4%

MoM +9.7 pp +27.1% up 9.7 pp, 27.1% versus June 2018 YoY +62.0% up 62.0% versus July 2017

Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.

4.6

MoM −1 −12.2% down 1, 12.2% versus June 2018 YoY −30.1% down 30.1% versus July 2017

Trend

13 months to July 2018

Average price

Simcoe County average selling price over the 13 months ending July 2018.
Month Average price
Jul '17 571241
Aug '17 589812
Sep '17 617093
Oct '17 567813
Nov '17 606941
Dec '17 604325
Jan '18 609768
Feb '18 614867
Mar '18 633277
Apr '18 626634
May '18 609517
Jun '18 615790
Jul '18 591935

Sales

Simcoe County sales over the 13 months ending July 2018.
Month Sales
Jul '17 133
Aug '17 169
Sep '17 164
Oct '17 166
Nov '17 168
Dec '17 128
Jan '18 138
Feb '18 150
Mar '18 192
Apr '18 246
May '18 243
Jun '18 232
Jul '18 250

By home type

Home typeSalesMoMAverageMoMMedianSNLRMOI
All home types 250 +18 +7.8% up 18, 7.8% versus June 2018 $591,935 −$23,855 −3.9% down $23,855, 3.9% versus June 2018 $572,500 45.4% 4.6
Detached 202 +25 +14.1% up 25, 14.1% versus June 2018 $611,442 −$33,146 −5.1% down $33,146, 5.1% versus June 2018 $605,000 45.3% 4.7
Semi-detached 10 no change no change versus June 2018 $505,100 −$60,150 −10.6% down $60,150, 10.6% versus June 2018 $492,500 66.7% 1.8
Att/row/townhouse 20 −6 −23.1% down 6, 23.1% versus June 2018 $563,975 +$13,071 +2.4% up $13,071, 2.4% versus June 2018 $468,000 45.5% 4.0
Condo townhouse 6 +5 +500.0% up 5, 500.0% versus June 2018 $367,833 +$12,333 +3.5% up $12,333, 3.5% versus June 2018 $352,000 200.0% 1.5
Condo apartment 3 −1 −25.0% down 1, 25.0% versus June 2018 $342,500 +$42,750 +14.3% up $42,750, 14.3% versus June 2018 $345,000 16.7% 14.3
Link 6 −3 −33.3% down 3, 33.3% versus June 2018 $486,483 −$16,828 −3.3% down $16,828, 3.3% versus June 2018 $469,250 37.5% 4.2
Co-op apartment 0 no change no change versus June 2018 n/a not available, prior month not on file versus June 2018
Detached condo 3 −2 −40.0% down 2, 40.0% versus June 2018 $662,833 +$120,633 +22.2% up $120,633, 22.2% versus June 2018 $710,000 33.3% 6.0
Co-ownership apartment 0 no change no change versus June 2018 n/a not available, prior month not on file versus June 2018

Movers within Simcoe County

Minimum 10 sales to qualify

Average price, month-over-month

Top 5

  1. Essa +9.5% up 9.5%
  2. Bradford West Gwillimbury +0.9% up 0.9%
  3. Innisfil −5.7% down 5.7%
  4. New Tecumseth −8.4% down 8.4%
  5. Adjala-Tosorontio −14.4% down 14.4%

Bottom 5

  1. Adjala-Tosorontio −14.4% down 14.4%
  2. New Tecumseth −8.4% down 8.4%
  3. Innisfil −5.7% down 5.7%
  4. Bradford West Gwillimbury +0.9% up 0.9%
  5. Essa +9.5% up 9.5%

Sales, month-over-month

Top 5

  1. New Tecumseth +26.2% up 26.2%
  2. Bradford West Gwillimbury +12.7% up 12.7%
  3. Essa +7.1% up 7.1%
  4. Innisfil −6.9% down 6.9%
  5. Adjala-Tosorontio −12.5% down 12.5%

Bottom 5

  1. Adjala-Tosorontio −12.5% down 12.5%
  2. Innisfil −6.9% down 6.9%
  3. Essa +7.1% up 7.1%
  4. Bradford West Gwillimbury +12.7% up 12.7%
  5. New Tecumseth +26.2% up 26.2%

Simcoe County

Bradford West Gwillimbury

Bradford West Gwillimbury, Simcoe County

$671,455

+$5,815 +0.9% up $5,815, 0.9% versus June 2018

Sales
62
SP/LP
98%
DOM
39
SNLR
47.7%

Full history →

Adjala-Tosorontio

Adjala-Tosorontio, Simcoe County

$609,000

−$102,212 −14.4% down $102,212, 14.4% versus June 2018

Sales
14
SP/LP
98%
DOM
31
SNLR
50.0%

Full history →

Essa

Essa, Simcoe County

$573,176

+$49,758 +9.5% up $49,758, 9.5% versus June 2018

Sales
30
SP/LP
98%
DOM
43
SNLR
42.9%

Full history →

Innisfil

Innisfil, Simcoe County

$569,281

−$34,697 −5.7% down $34,697, 5.7% versus June 2018

Sales
67
SP/LP
96%
DOM
35
SNLR
33.0%

Full history →

New Tecumseth

New Tecumseth, Simcoe County

$551,823

−$50,335 −8.4% down $50,335, 8.4% versus June 2018

Sales
77
SP/LP
97%
DOM
45
SNLR
64.2%

Full history →

All Simcoe County areas

0 areas

Area Sales MoM $ volume Average MoM Median New Active SP/LP LDOM PDOM SNLR MOI