Monthly Real Estate Market Update September 2020

Monthly Real Estate Market Update September 2020

 
Monthly Real Estate Market Update September 2020

With thanksgiving coming up this weekend, there’s a lot to look forward too!

Did you know that the average person consumes between 3,000 and 4,500 calories on Thanksgiving? And then it takes you 10 hours and 30 minutes to burn off those calories? With this long year there’s still lots to be thankful for. Thank you for your friends, your family, where we live, and of course, the housing market.

Last month year-over-year housing prices were up across our communities: approximately 14% in Barrie, 14% in Bradford, 13% in Newmarket, and 14% in the Toronto area.

 

For September 2020 vs. September 2019, you’ll see the transactions were virtually the same as August 2020. When we look at the average sale price we’re up drastically in all of our communities when you compare it to last year. ย As always, we’re seeing the same trends with the inner city buyers coming into more rural areas and with the interest rates at historic lows, we’re still seeing a good market.

Monthly Real Estate Market Stats September 2020

The average sale price was up in September 2020 over September 2019: in Barrie, the average sale price was about $567,916, in Bradford, the average sale price was about $867,013, in Newmarket, the average sale price was about $944,759, and in Toronto, the average sale price was about $960,772.

Below are listings vs. sales charts, as well as the average prices of homes from September 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

Newmarket Listing vs. Sales

Bradford Listing vs. Sales & Average Sale Price

Bradford Listing vs. Sales

Barrie Listing vs. Sales & Average Sale Price

Barrie 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.