YORK REGION & SIMCOE COUNTY REAL ESTATE MARKET UPDATE FOR JUNE 2022

Higher borrowing costs continue to impact home sales in June 2022. However, there is more balance in the market this month, resulting in a more moderate annual pace of price growth.

“Home sales have been impacted by both the affordability challenge presented by mortgage rate hikes and the psychological effect wherein home buyers who can afford higher borrowing costs have put their decision on hold to see where home prices end up. Expect current market conditions to remain in place during the slower summer months. Once home prices stabilize, some buyers will re-enter the market despite higher borrowing costs,” said TRREB President Kevin Crigger.

As I specialize in York Region and Simcoe County, these will be the multiplicities that I will break down for you. 

 

YORK REGION:

Compared to last month, the average sale price in York Region is down -4.51% and the average days on the market has increased to 17 from 14 days.

Overall, this month there were 1,011 sales which is down -8.09% from May when we saw 1,100 sales. 

Year over Year the average sales price increased by +5.32%.  

The number of units sold decreased by almost 50%, when we saw 2015 sales in June 2021, and the number of days on the market increased by a day from 14 to 17 days.




HERE ARE THE STATS PER HOUSING CATEGORY :

We can see the total price has increased Year over Year based on each housing category.






YORK REGION : CITY OVERVIEW

 

One of my Newest and Favourite reports is The City Overview. It gives you a further breakdown on the average sale price for each housing category, for each specific area, and where it stands Month over Month and Year over Year.



Do you have any questions about York Region stats?

Please feel free to send me a message, and I will be Happy to answer any questions you may have!



SIMCOE COUNTY: 

The average sale price in Simcoe county is down -6.66% from last month, and the average days on the market has increased to 22 from 15 days.

Overall, this month there were 196 sales reported by the Toronto Real Estate Board, which is down -14.78% compared to May when we saw 230 sales. 

Year over Year the average sales price increased by +2.71%.  

The number of units sold decreased by just over 45%, when we saw 364 sales in June 2021, and the number of days on the market increased to 22 from 15 days.



 

HERE ARE THE STATS PER HOUSING CATEGORY :

We can see the total price has increased Year over Year based on each housing category, except for Detached Homes, which has decreased from last year.






SIMCOE COUNTY : CITY OVERVIEW

 

Here is a further breakdown on the average sale price for each housing category, for each specific area, and where it stands Month over Month and Year over Year. 



 

 

Watch this video for even more details on the June Market. 




Do you have any questions about Simcoe County Real Estate stats?

If so, Please feel free to send me a message, and I will be Happy to answer any questions you may have!


And if you are thinking of selling or just don't know where to start, Please reach out to me and I will gladly assist you.

I am Gemma Leggett with RE/MAX Hallmark hoping everyone had Fun celebrating Canada Day this year!



 



Recent Blog Posts

The Bank of Canada has been aggressively boosting interest rates to combat soaring inflation since the beginning of 2022. This month they raised rates by .75%, totalling a 3% increase this year. This is the most significant increase we have seen in such a short period of time. 


As I specialize in York Region and Simcoe County, these will be the multiplicities that I will break down for you. 

YORK REGION:

Compared to last month, the average sales price in York Region is down 1.51% although the average days on the market have remained the same at 23 days. This month there were 927 sales, down 12.79% from August when we saw 1063 sales. 

Year over year, the average sales price decreased by 8.28%. The number of units sold decreased by 45.31% compared to September 2021 when we saw 1695 sales and the number of days on the market increased from 16 days to 23 days.

 HERE ARE THE STATS PER HOUSING CATEGORY :

 

YORK REGION: CITY OVERVIEW

Here we will further break down the average sale price for each housing category in Newmarket and where it stands Month over Month and Year over Year.


 

SIMCOE COUNTY: 

The average sales price in Simcoe county is up 16.91% from last month, and the average days on the market have increased to 25 from 31 days. This month there were 168 sales reported by the Toronto Real Estate Board, which is down 4% compared to August when we saw 175 sales. 

Year over year, the average sales price decreased by 0.86%. The number of units sold decreased by 29.11%, when we saw 237 sales in September 2021 and the number of days on the market increased to 31 from 15 days.

HERE ARE THE STATS PER HOUSING CATEGORY :

SIMCOE COUNTY: CITY OVERVIEW

Here is a further breakdown of the average sale price for each housing category, for each specific area, and where it stands Month over Month and Year over Year. 




As always, I'm here to be a resource for you. Now more than ever, speaking with professionals who will guide you and help you achieve your goal is essential. Do not stay in the unknown - reach out to speak about your unique situation. I am Gemma Leggett with RE/MAX Hallmark - I hope everyone has a wonderful Thanksgiving!


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