Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$905,114
MoM +$24,805 +2.8% up $24,805, 2.8% versus January 2023 YoY −26.6% down 26.6% versus February 2022
Source: TRREB MarketWatch, February 2023
5 areas
Simcoe County
February 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.
$867,500
MoM +$40,500 +4.9% up $40,500, 4.9% versus January 2023 YoY −24.6% down 24.6% versus February 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$859,900
MoM +$16,400 +1.9% up $16,400, 1.9% versus January 2023 YoY −20.8% down 20.8% versus February 2022
Sales — Firm transactions reported through the MLS® System during the month.
144
MoM +37 +34.6% up 37, 34.6% versus January 2023 YoY −43.8% down 43.8% versus February 2022
Dollar volume — Total value of all sales in the month.
$130.3M
MoM +$36,143,383 +38.4% up $36,143,383, 38.4% versus January 2023 YoY −58.7% down 58.7% versus February 2022
New listings — Properties newly listed during the month.
341
MoM +40 +13.3% up 40, 13.3% versus January 2023 YoY −26.5% down 26.5% versus February 2022
Active listings — Listings available at month end.
473
MoM +40 +9.2% up 40, 9.2% versus January 2023 YoY +108.4% up 108.4% versus February 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
27
MoM −8 days −22.9% down 8 days, 22.9% versus January 2023 YoY +237.5% up 237.5% versus February 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
35
MoM −15 days −30.0% down 15 days, 30.0% versus January 2023 YoY +250.0% up 250.0% versus February 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
97%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus January 2023 YoY −13.4% down 13.4% versus February 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
42.2%
MoM +6.7 pp +18.8% up 6.7 pp, 18.8% versus January 2023 YoY −23.5% down 23.5% versus February 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.
3.3
MoM −1 −18.8% down 1, 18.8% versus January 2023 YoY +270.4% up 270.4% versus February 2022
Trend
13 months to February 2023
Average price
| Month | Average price |
|---|---|
| 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 |
| Feb '23 | 905114 |
Sales
| Month | Sales |
|---|---|
| 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 |
| Feb '23 | 144 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 144 | +37 +34.6% up 37, 34.6% versus January 2023 | $905,114 | +$24,805 +2.8% up $24,805, 2.8% versus January 2023 | $867,500 | 42.2% | 3.3 |
| Detached | 112 | +25 +28.7% up 25, 28.7% versus January 2023 | $952,121 | +$24,820 +2.7% up $24,820, 2.7% versus January 2023 | $907,500 | 40.1% | 3.3 |
| Semi-detached | 8 | +3 +60.0% up 3, 60.0% versus January 2023 | $839,563 | +$52,787 +6.7% up $52,787, 6.7% versus January 2023 | $872,500 | 80.0% | 1.6 |
| Att/row/townhouse | 16 | +9 +128.6% up 9, 128.6% versus January 2023 | $717,775 | +$34,346 +5.0% up $34,346, 5.0% versus January 2023 | $703,000 | 50.0% | 2.6 |
| Condo townhouse | 4 | +2 +100.0% up 2, 100.0% versus January 2023 | $656,500 | +$104,000 +18.8% up $104,000, 18.8% versus January 2023 | $640,000 | 100.0% | 2.0 |
| Condo apartment | 4 | +1 +33.3% up 1, 33.3% versus January 2023 | $718,000 | +$178,000 +33.0% up $178,000, 33.0% versus January 2023 | $670,000 | 36.4% | 7.8 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 317.4 | $859,900 | −20.8% down 20.8% |
| Single-family detached | 320.8 | $907,600 | −20.9% down 20.9% |
| Single-family attached | 334.9 | $731,700 | −18.7% down 18.7% |
| Townhouse | 417.3 | $622,600 | −21.4% down 21.4% |
| Apartment | 368 | $595,000 | −12.1% down 12.1% |
Movers within Simcoe County
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- New Tecumseth +8.1% up 8.1%
- Innisfil +6.6% up 6.6%
- Essa +4.6% up 4.6%
- Bradford West Gwillimbury −2.0% down 2.0%
Bottom 5
- Bradford West Gwillimbury −2.0% down 2.0%
- Essa +4.6% up 4.6%
- Innisfil +6.6% up 6.6%
- New Tecumseth +8.1% up 8.1%
Sales, month-over-month
Top 5
- Essa +90.9% up 90.9%
- Bradford West Gwillimbury +50.0% up 50.0%
- Innisfil +28.1% up 28.1%
- New Tecumseth +17.1% up 17.1%
Bottom 5
- New Tecumseth +17.1% up 17.1%
- Innisfil +28.1% up 28.1%
- Bradford West Gwillimbury +50.0% up 50.0%
- Essa +90.9% up 90.9%
Simcoe County
Bradford West Gwillimbury
Bradford West Gwillimbury, Simcoe County
$1,045,912
−$21,802 −2.0% down $21,802, 2.0% versus January 2023
- Sales
- 33
- SP/LP
- 97%
- DOM
- 23
- SNLR
- 44.0%
Adjala-Tosorontio
Adjala-Tosorontio, Simcoe County
$992,250
−$204,893 −17.1% down $204,893, 17.1% versus January 2023
- Sales
- 8
- SP/LP
- 97%
- DOM
- 44
- SNLR
- 32.0%
New Tecumseth
New Tecumseth, Simcoe County
$865,431
+$64,763 +8.1% up $64,763, 8.1% versus January 2023
- Sales
- 41
- SP/LP
- 98%
- DOM
- 20
- SNLR
- 52.6%
Innisfil
Innisfil, Simcoe County
$849,488
+$52,613 +6.6% up $52,613, 6.6% versus January 2023
- Sales
- 41
- SP/LP
- 97%
- DOM
- 33
- SNLR
- 31.8%
Essa
Essa, Simcoe County
$836,746
+$36,746 +4.6% up $36,746, 4.6% versus January 2023
- Sales
- 21
- SP/LP
- 98%
- DOM
- 30
- SNLR
- 61.8%
All Simcoe County areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|