Monthly Real Estate Market Update June 2020

Monthly Real Estate Market Update June 2020

 
Monthly Real Estate Market June 2020

Last month year-over-year housing prices were up across our communities: approximately 12% in Barrie, 12% in Bradford, 14% in Newmarket, and 12% in the Toronto area.

The only thing that’s hotter than the weather outside is the real estate market. Sale prices are going up in June 2020 compared to June 2019 even though transactions are down. We’re up well over 10% in all of our communities, which is an amazing from last year. So, if you’re looking to sell now is the time!

Monthly Real Estate Market Update June 2020

The average sale price was up in June 2020 over June 2019: in Barrie the average sale price was about $552,164, in Bradford the average sale price was about $841,820, in Newmarket the average sale price was about $928,705, and in Toronto the average sale price was about $930,869.

Below is a chart for 2 bedroom rental rates for the city of Barrie and Toronto year over year from 2012 to 2020. You can see that rental rates for in Barrie increased by $304 in 2020 and rental rates in Toronto increased by a whopping $692.

Rental Rates – Barrie & Toronto

 
Barrie & Toronto Rental Rates

Below are listings vs. sales charts, as well as the average prices of homes from June 2012-2020 for the following cities: Toronto, Newmarket, Bradford, and Barrie.

Toronto Listing vs. Sales & Average Sale Price

 
Toronto Listing vs. Sales

Newmarket Listing vs. Sales & Average Sale Price

 
Toronto Listing vs. Sales

Bradford Listing vs. Sales & Average Sale Price

 
Toronto Listing vs. Sales

Barrie Listing vs. Sales & Average Sale Price

 
Toronto Listing vs. Sales

Want to know what this means for you? Our real estate agents are here to help. Call or text us today at (905) 252 8599, or send us an email at curtis@curtisgoddard.ca.