Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$957,457
MoM +$20,425 +2.2% up $20,425, 2.2% versus July 2023 YoY +3.1% up 3.1% versus August 2022
Source: TRREB MarketWatch, August 2023
5 areas
Simcoe County
August 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.
$876,500
MoM +$26,500 +3.1% up $26,500, 3.1% versus July 2023 YoY +5.0% up 5.0% versus August 2022
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$918,400
MoM +$5,400 +0.6% up $5,400, 0.6% versus July 2023 YoY −1.7% down 1.7% versus August 2022
Sales — Firm transactions reported through the MLS® System during the month.
148
MoM −25 −14.5% down 25, 14.5% versus July 2023 YoY −15.4% down 15.4% versus August 2022
Dollar volume — Total value of all sales in the month.
$141.7M
MoM −$20,402,891 −12.6% down $20,402,891, 12.6% versus July 2023 YoY −12.8% down 12.8% versus August 2022
New listings — Properties newly listed during the month.
456
MoM −15 −3.2% down 15, 3.2% versus July 2023 YoY −2.4% down 2.4% versus August 2022
Active listings — Listings available at month end.
727
MoM +64 +9.7% up 64, 9.7% versus July 2023 YoY +9.5% up 9.5% versus August 2022
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
24
MoM −4 days −14.3% down 4 days, 14.3% versus July 2023 YoY −4.0% down 4.0% versus August 2022
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
36
MoM −3 days −7.7% down 3 days, 7.7% versus July 2023 YoY −10.0% down 10.0% versus August 2022
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM +1.0 pp +1.0% up 1.0 pp, 1.0% versus July 2023 YoY +2.1% up 2.1% versus August 2022
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
32.5%
MoM −4.3 pp −11.6% down 4.3 pp, 11.6% versus July 2023 YoY −13.4% down 13.4% versus August 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.
4.9
MoM +1 +28.2% up 1, 28.2% versus July 2023 YoY +29.5% up 29.5% versus August 2022
Trend
13 months to August 2023
Average price
| Month | Average price |
|---|---|
| Aug '22 | 928718 |
| Sep '22 | 969283 |
| Oct '22 | 889610 |
| Nov '22 | 873724 |
| Dec '22 | 858284 |
| Jan '23 | 880309 |
| Feb '23 | 905114 |
| Mar '23 | 943365 |
| Apr '23 | 956630 |
| May '23 | 994080 |
| Jun '23 | 980067 |
| Jul '23 | 937032 |
| Aug '23 | 957457 |
Sales
| Month | Sales |
|---|---|
| Aug '22 | 175 |
| Sep '22 | 168 |
| Oct '22 | 177 |
| Nov '22 | 149 |
| Dec '22 | 100 |
| Jan '23 | 107 |
| Feb '23 | 144 |
| Mar '23 | 221 |
| Apr '23 | 265 |
| May '23 | 269 |
| Jun '23 | 234 |
| Jul '23 | 173 |
| Aug '23 | 148 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 148 | −25 −14.5% down 25, 14.5% versus July 2023 | $957,457 | +$20,425 +2.2% up $20,425, 2.2% versus July 2023 | $876,500 | 32.5% | 4.9 |
| Detached | 115 | −16 −12.2% down 16, 12.2% versus July 2023 | $1,007,637 | +$5,018 +0.5% up $5,018, 0.5% versus July 2023 | $905,000 | 32.0% | 5.0 |
| Semi-detached | 3 | −4 −57.1% down 4, 57.1% versus July 2023 | $883,333 | +$18,904 +2.2% up $18,904, 2.2% versus July 2023 | $910,000 | 20.0% | 4.7 |
| Att/row/townhouse | 21 | +3 +16.7% up 3, 16.7% versus July 2023 | $780,495 | +$73,689 +10.4% up $73,689, 10.4% versus July 2023 | $725,000 | 46.7% | 2.8 |
| Condo townhouse | 2 | no change no change versus July 2023 | $593,500 | −$146,500 −19.8% down $146,500, 19.8% versus July 2023 | $593,500 | 28.6% | 5.0 |
| Condo apartment | 4 | −3 −42.9% down 3, 42.9% versus July 2023 | $655,750 | +$93,250 +16.6% up $93,250, 16.6% versus July 2023 | $606,500 | 19.1% | 15.0 |
| Detached condo | 3 | −2 −40.0% down 2, 40.0% versus July 2023 | $991,667 | +$151,667 +18.1% up $151,667, 18.1% versus July 2023 | $910,000 | 50.0% | 3.0 |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 411.5 | $918,400 | −1.7% down 1.7% |
| Single-family detached | 423 | $965,800 | −1.4% down 1.4% |
| Single-family attached | 408.9 | $788,700 | −0.1% down 0.1% |
| Townhouse | 393.5 | $662,600 | −1.5% down 1.5% |
| Apartment | 411.5 | $657,600 | −0.4% down 0.4% |
Movers within Simcoe County
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Adjala-Tosorontio +32.6% up 32.6%
- Innisfil +9.4% up 9.4%
- Essa +7.7% up 7.7%
- Bradford West Gwillimbury −0.6% down 0.6%
- New Tecumseth −9.3% down 9.3%
Bottom 5
- New Tecumseth −9.3% down 9.3%
- Bradford West Gwillimbury −0.6% down 0.6%
- Essa +7.7% up 7.7%
- Innisfil +9.4% up 9.4%
- Adjala-Tosorontio +32.6% up 32.6%
Sales, month-over-month
Top 5
- Adjala-Tosorontio +25.0% up 25.0%
- Innisfil +1.8% up 1.8%
- New Tecumseth −4.4% down 4.4%
- Essa −24.0% down 24.0%
- Bradford West Gwillimbury −50.0% down 50.0%
Bottom 5
- Bradford West Gwillimbury −50.0% down 50.0%
- Essa −24.0% down 24.0%
- New Tecumseth −4.4% down 4.4%
- Innisfil +1.8% up 1.8%
- Adjala-Tosorontio +25.0% up 25.0%
Simcoe County
Adjala-Tosorontio
Adjala-Tosorontio, Simcoe County
$1,473,500
+$362,125 +32.6% up $362,125, 32.6% versus July 2023
- Sales
- 10
- SP/LP
- 95%
- DOM
- 49
- SNLR
- 38.5%
Bradford West Gwillimbury
Bradford West Gwillimbury, Simcoe County
$1,100,150
−$7,074 −0.6% down $7,074, 0.6% versus July 2023
- Sales
- 20
- SP/LP
- 99%
- DOM
- 20
- SNLR
- 18.7%
Innisfil
Innisfil, Simcoe County
$925,355
+$79,397 +9.4% up $79,397, 9.4% versus July 2023
- Sales
- 56
- SP/LP
- 98%
- DOM
- 22
- SNLR
- 33.9%
New Tecumseth
New Tecumseth, Simcoe County
$870,056
−$89,620 −9.3% down $89,620, 9.3% versus July 2023
- Sales
- 43
- SP/LP
- 99%
- DOM
- 21
- SNLR
- 36.4%
Essa
Essa, Simcoe County
$828,074
+$59,534 +7.7% up $59,534, 7.7% versus July 2023
- Sales
- 19
- SP/LP
- 96%
- DOM
- 31
- SNLR
- 47.5%
All Simcoe County areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|