OCTOBER 2021 - REAL ESTATE MARKET UPDATE - YORK AND SIMCOE REGION

OCTOBER 2021 - REAL ESTATE MARKET UPDATE - YORK AND SIMCOE REGION

TAGS: MARKET UPDATE SIMCOE REGION, MARKET UPDATE YORK REGION, GTA MARKET UPDATE, REAL ESTATE MARKET UPDATE, GTA MARKET UPDATE

Home sales in the GTA reached the second-highest level for the month of October. But again, demand is far exceeding the inventory of homes on the market across the board. The number of new listings on TRREB was down approximately one-third compared to October of last year.

Market conditions across all major home types tightened in comparison to last year and the annual rate of average price growth remained in the double digits. There is a persistent mismatch between supply and demand and, as demand will not be going away, all levels of government need to focus their efforts on supply.

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 October 2021:

York Region :
The average sales price is up slightly compared to September 2021 with a +1.32% increase but up a whopping +24.36% compared to October 2020!
The number of sales is up +8.20 from September 2021!
The number of sales year over year are down -4.43% from October 2020!

Simcoe Region :
The average sales price is up slightly +1.69% compared to September 2021 and up an incredible +30.68% compared to October 2020!
The number of sales is up +20.68% from September 2021!

The number of sales year over year have also dropped a whopping -20.56% from October 2020!

Here are the numbers:



I specialize in York and Simcoe, however, if you or anyone you know would like to discuss the market or specific neighborhood, please don't hesitate to contact me anytime.

Your home is one of your biggest assets! Is having a professional by your side important to you? Call ME!
Helpful Resources:
Subscribe to my YouTube Chanel: https://rb.gy/iyxega
What Clients say about Gemma Leggett: https://rb.gy/ikv0do
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A record number of sales were reported through TRREB’s MLS system for 2021 – 121,712.  This shatters the previous record of 113,040 which was set back in 2016.   An all-time high average selling price was recorded $1,095,475 across the board – an increase of 17.8 % compared to the previous 2020 record of $929,636.

 

Despite the Covid-19 pandemic, the demand for housing did not slow, in fact it sustained a record pace for 2021.  Growth in many sectors of the economy, along with extremely low borrowing costs, fueled this pace.  Tight market conditions across the GTA as well as the lack of inventory across all home types resulted in intense competition between buyers, driving the sales prices up by double digits year-over-year.

 

In December, TRREB and GTA REALTORS reported strong sales numbers, based on historical analysis, but these were still down compared to the record-setting numbers of December 2020.  

 

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 December 2021:

York Region :
The average sales price is up slightly compared to November 2021 with a +2.20% increase but up a whopping +31.38% compared to December 2020!

The number of sales is down -33.61 from November 2021!

The number of sales year over year are down -23.06% from December 2020!

Simcoe Region :
The average sales price is up +5.25% compared to November 2021 and up an incredible +39.68% compared to December 2020!
The number of sales is down -40.89% from November 2021!

The number of sales year over year have also dropped -32.91% from December 2020!

 
Here are the numbers:




Here is an overview of the average sales price for 2021 in both the Simcoe and York Region markets:




I specialize in York and Simcoe, however, if you or anyone you know would like to discuss the market or specific neighborhood, please don't hesitate to contact me anytime.

 
Your home is one of your biggest assets! Is having a professional by your side important to you? Call ME!
 
Helpful Resources:
 
Subscribe to my YouTube Chanel: https://rb.gy/iyxega 
 What Clients say about Gemma Leggett: 
https://rb.gy/ikv0do 
 Mortgage Payment Calculator: 
https://rb.gy/fepand 
 Receive NEW listings in your inbox: 
https://rb.gy/49n8bu 
 H O M E W O R T H ? 
https://rb.gy/wks9sq 
 Receive SOLD listings in your area: 
https://rb.gy/n7pne0 
 
Let's Connect Here:
 B L O G 
https://rb.gy/izzjyp 
 
F A C E B O O K https://rb.gy/w5uuvx 
 
I N S T A G R A M https://rb.gy/msmcz5 
 
L I N K E D I N https://rb.gy/auvxms



...

Home sales across the board reached another new record, this time for the month of November. The average selling price also achieved a new all-time high. New listings were down substantially compared to last year, further highlighting the supply issue that has been an ongoing problem across all home types in the GTA.

 

The condo/townhouse segment is continuing to tighten and experience an acceleration in price growth, especially in the outlying suburban areas of the GTA. This is due to the broadening of the economic recovery from the pandemic with first-time home buyers moving back into the market in a big way. 

 

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 November 2021:

York Region :
The average sales price is up slightly compared to October 2021 with a +1.29% increase but up a whopping +27.38% compared to November 2020!

The number of sales is down -13.69 from October 2021!

The number of sales year over year is down -1.86% from November 2020!

Simcoe Region :
The average sales price is up +11.39% compared to October 2021 and up an incredible +38.18% compared to November 2020!
The number of sales is down -5.94% from October 2021!

The number of sales year over year has also dropped -6.27% from November 2020!

 
Here are the numbers:




I specialize in York and Simcoe however, if you or anyone you know would like to discuss the market or specific neighborhood, please don't hesitate to contact me anytime.

Your home is one of your biggest assets! Is having a professional by your side important to you? Call ME!


Helpful Resources:


 
Subscribe to my YouTube Chanel: https://rb.gy/iyxega 
 What Clients say about Gemma Leggett: 
https://rb.gy/ikv0do 
 Mortgage Payment Calculator: 
https://rb.gy/fepand 
 Receive NEW listings in your inbox: 
https://rb.gy/49n8bu 
 H O M E W O R T H ? 
https://rb.gy/wks9sq 
 Receive SOLD listings in your area: 
https://rb.gy/n7pne0 
 
Let's Connect Here:
 B L O G 
https://rb.gy/izzjyp 
 
F A C E B O O K https://rb.gy/w5uuvx 
 
I N S T A G R A M https://rb.gy/msmcz5 
 
L I N K E D I N https://rb.gy/auvxms



...

OCTOBER 2021 - REAL ESTATE MARKET UPDATE - YORK AND SIMCOE REGION

TAGS: MARKET UPDATE SIMCOE REGION, MARKET UPDATE YORK REGION, GTA MARKET UPDATE, REAL ESTATE MARKET UPDATE, GTA MARKET UPDATE

Home sales in the GTA reached the second-highest level for the month of October. But again, demand is far exceeding the inventory of homes on the market across the board. The number of new listings on TRREB was down approximately one-third compared to October of last year.

Market conditions across all major home types tightened in comparison to last year and the annual rate of average price growth remained in the double digits. There is a persistent mismatch between supply and demand and, as demand will not be going away, all levels of government need to focus their efforts on supply.

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 October 2021:

York Region :
The average sales price is up slightly compared to September 2021 with a +1.32% increase but up a whopping +24.36% compared to October 2020!
The number of sales is up +8.20 from September 2021!
The number of sales year over year are down -4.43% from October 2020!

Simcoe Region :
The average sales price is up slightly +1.69% compared to September 2021 and up an incredible +30.68% compared to October 2020!
The number of sales is up +20.68% from September 2021!

The number of sales year over year have also dropped a whopping -20.56% from October 2020!

Here are the numbers:



I specialize in York and Simcoe, however, if you or anyone you know would like to discuss the market or specific neighborhood, please don't hesitate to contact me anytime.

Your home is one of your biggest assets! Is having a professional by your side important to you? Call ME!
Helpful Resources:
Subscribe to my YouTube Chanel: https://rb.gy/iyxega
What Clients say about Gemma Leggett: https://rb.gy/ikv0do
Mortgage Payment Calculator: https://rb.gy/fepand
Receive NEW listings in your inbox: https://rb.gy/49n8bu
H O M E W O R T H ? https://rb.gy/wks9sq
Receive SOLD listings in your area: https://rb.gy/n7pne0
Let's Connect Here:
B L O G https://rb.gy/izzjyp
F A C E B O O K https://rb.gy/w5uuvx
I N S T A G R A M https://rb.gy/msmcz5
L I N K E D I N https://rb.gy/auvxms


 



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