Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$880,309
MoM +$22,025 +2.6% up $22,025, 2.6% versus December 2022 YoY −28.9% down 28.9% versus January 2022
Source: TRREB MarketWatch, January 2023
5 areas
Simcoe County
January 2023
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$827,000
MoM +$17,000 +2.1% up $17,000, 2.1% versus December 2022 YoY −28.1% down 28.1% versus January 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$843,500
MoM −$13,100 −1.5% down $13,100, 1.5% versus December 2022 YoY −18.2% down 18.2% versus January 2022
Sales — Firm transactions reported through the MLS® System during the month.
107
MoM +7 +7.0% up 7, 7.0% versus December 2022 YoY −32.3% down 32.3% versus January 2022
Dollar volume — Total value of all sales in the month.
$94.2M
MoM +$8,364,679 +9.7% up $8,364,679, 9.7% versus December 2022 YoY −51.8% down 51.8% versus January 2022
New listings — Properties newly listed during the month.
301
MoM +145 +92.9% up 145, 92.9% versus December 2022 YoY +38.1% up 38.1% versus January 2022
Active listings — Listings available at month end.
433
MoM +35 +8.8% up 35, 8.8% versus December 2022 YoY +300.9% up 300.9% versus January 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
35
MoM −1 day −2.8% down 1 day, 2.8% versus December 2022 YoY +169.2% up 169.2% versus January 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
50
MoM +5 days +11.1% up 5 days, 11.1% versus December 2022 YoY +233.3% up 233.3% versus January 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
96%
MoM +1.0 pp +1.1% up 1.0 pp, 1.1% versus December 2022 YoY −12.7% down 12.7% versus January 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
35.5%
MoM −28.6 pp −44.5% down 28.6 pp, 44.5% versus December 2022 YoY −51.0% down 51.0% versus January 2022
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.
4.0
MoM +0 +1.7% up 0, 1.7% versus December 2022 YoY +492.0% up 492.0% versus January 2022
Trend
13 months to January 2023
Average price
| Month | Average price |
|---|---|
| Jan '22 | 1237354 |
| Feb '22 | 1232479 |
| Mar '22 | 1183775 |
| Apr '22 | 1046351 |
| May '22 | 1085200 |
| Jun '22 | 1012906 |
| Jul '22 | 927370 |
| Aug '22 | 928718 |
| Sep '22 | 969283 |
| Oct '22 | 889610 |
| Nov '22 | 873724 |
| Dec '22 | 858284 |
| Jan '23 | 880309 |
Sales
| Month | Sales |
|---|---|
| Jan '22 | 158 |
| Feb '22 | 256 |
| Mar '22 | 347 |
| Apr '22 | 242 |
| May '22 | 230 |
| Jun '22 | 196 |
| Jul '22 | 138 |
| Aug '22 | 175 |
| Sep '22 | 168 |
| Oct '22 | 177 |
| Nov '22 | 149 |
| Dec '22 | 100 |
| Jan '23 | 107 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 107 | +7 +7.0% up 7, 7.0% versus December 2022 | $880,309 | +$22,025 +2.6% up $22,025, 2.6% versus December 2022 | $827,000 | 35.5% | 4.0 |
| Detached | 87 | +10 +13.0% up 10, 13.0% versus December 2022 | $927,301 | +$23,763 +2.6% up $23,763, 2.6% versus December 2022 | $908,000 | 37.2% | 3.8 |
| Semi-detached | 5 | +1 +25.0% up 1, 25.0% versus December 2022 | $786,776 | −$2,974 −0.4% down $2,974, 0.4% versus December 2022 | $810,000 | 41.7% | 3.0 |
| Att/row/townhouse | 7 | −5 −41.7% down 5, 41.7% versus December 2022 | $683,429 | −$24,863 −3.5% down $24,863, 3.5% versus December 2022 | $669,000 | 25.9% | 6.0 |
| Condo townhouse | 2 | n/a not available, prior month not on file versus December 2022 | $552,500 | n/a not available, prior month not on file versus December 2022 | $552,500 | 33.3% | 5.0 |
| Condo apartment | 3 | −1 −25.0% down 1, 25.0% versus December 2022 | $540,000 | +$4,375 +0.8% up $4,375, 0.8% versus December 2022 | $575,000 | 16.7% | 10.0 |
| Link | 1 | −1 −50.0% down 1, 50.0% versus December 2022 | $560,000 | −$210,000 −27.3% down $210,000, 27.3% versus December 2022 | $560,000 | — | 0.0 |
| Detached condo | 2 | +1 +100.0% up 1, 100.0% versus December 2022 | $757,500 | −$157,500 −17.2% down $157,500, 17.2% versus December 2022 | $757,500 | 50.0% | 3.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 311.4 | $843,500 | −18.2% down 18.2% |
| Single-family detached | 313.4 | $886,700 | −18.9% down 18.9% |
| Single-family attached | 329.6 | $720,100 | −14.6% down 14.6% |
| Townhouse | 432.6 | $645,400 | −12.4% down 12.4% |
| Apartment | 365 | $590,200 | −7.8% down 7.8% |
Movers within Simcoe County
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Innisfil +10.7% up 10.7%
- New Tecumseth −1.2% down 1.2%
- Bradford West Gwillimbury −3.2% down 3.2%
- Essa −9.2% down 9.2%
Bottom 5
- Essa −9.2% down 9.2%
- Bradford West Gwillimbury −3.2% down 3.2%
- New Tecumseth −1.2% down 1.2%
- Innisfil +10.7% up 10.7%
Sales, month-over-month
Top 5
- New Tecumseth +59.1% up 59.1%
- Bradford West Gwillimbury +10.0% up 10.0%
- Essa −8.3% down 8.3%
- Innisfil −22.0% down 22.0%
Bottom 5
- Innisfil −22.0% down 22.0%
- Essa −8.3% down 8.3%
- Bradford West Gwillimbury +10.0% up 10.0%
- New Tecumseth +59.1% up 59.1%
Simcoe County
Adjala-Tosorontio
Adjala-Tosorontio, Simcoe County
$1,197,143
+$25,343 +2.2% up $25,343, 2.2% versus December 2022
- Sales
- 7
- SP/LP
- 94%
- DOM
- 56
- SNLR
- 50.0%
Bradford West Gwillimbury
Bradford West Gwillimbury, Simcoe County
$1,067,714
−$34,761 −3.2% down $34,761, 3.2% versus December 2022
- Sales
- 22
- SP/LP
- 94%
- DOM
- 26
- SNLR
- 36.1%
New Tecumseth
New Tecumseth, Simcoe County
$800,668
−$9,968 −1.2% down $9,968, 1.2% versus December 2022
- Sales
- 35
- SP/LP
- 97%
- DOM
- 29
- SNLR
- 45.5%
Essa
Essa, Simcoe County
$800,000
−$81,250 −9.2% down $81,250, 9.2% versus December 2022
- Sales
- 11
- SP/LP
- 96%
- DOM
- 32
- SNLR
- 40.7%
Innisfil
Innisfil, Simcoe County
$796,875
+$77,097 +10.7% up $77,097, 10.7% versus December 2022
- Sales
- 32
- SP/LP
- 96%
- DOM
- 43
- SNLR
- 26.2%
All Simcoe County areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|