Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$636,387
MoM +$1,656 +0.3% up $1,656, 0.3% versus April 2020 YoY +3.1% up 3.1% versus May 2019
Source: TRREB MarketWatch, May 2020
5 areas
Simcoe County
May 2020
Headline indicators
All home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$632,000
MoM +$20,800 +3.4% up $20,800, 3.4% versus April 2020 YoY +10.1% up 10.1% versus May 2019
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$586,000
MoM +$15,700 +2.8% up $15,700, 2.8% versus April 2020 YoY +8.4% up 8.4% versus May 2019
Sales — Firm transactions reported through the MLS® System during the month.
182
MoM +64 +54.2% up 64, 54.2% versus April 2020 YoY −42.8% down 42.8% versus May 2019
Dollar volume — Total value of all sales in the month.
$115.8M
MoM +$40,924,098 +54.6% up $40,924,098, 54.6% versus April 2020 YoY −41.0% down 41.0% versus May 2019
New listings — Properties newly listed during the month.
404
MoM +164 +68.3% up 164, 68.3% versus April 2020 YoY −46.1% down 46.1% versus May 2019
Active listings — Listings available at month end.
633
MoM +46 +7.8% up 46, 7.8% versus April 2020 YoY −44.0% down 44.0% versus May 2019
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
35
MoM +2 days +6.1% up 2 days, 6.1% versus April 2020 YoY n/a not available, prior month not on file versus May 2019
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
43
MoM no change no change versus April 2020 YoY n/a not available, prior month not on file versus May 2019
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 April 2020 YoY +1.0% up 1.0% versus May 2019
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
45.0%
MoM −4.1 pp −8.4% down 4.1 pp, 8.4% versus April 2020 YoY +6.1% up 6.1% versus May 2019
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.
3.5
MoM −1 −30.1% down 1, 30.1% versus April 2020 YoY −2.2% down 2.2% versus May 2019
Trend
13 months to May 2020
Average price
| Month | Average price |
|---|---|
| May '19 | 617221 |
| Jun '19 | 634020 |
| Jul '19 | 639365 |
| Aug '19 | 626194 |
| Sep '19 | 616432 |
| Oct '19 | 644075 |
| Nov '19 | 626659 |
| Dec '19 | 654746 |
| Jan '20 | 670452 |
| Feb '20 | 657945 |
| Mar '20 | 657299 |
| Apr '20 | 634731 |
| May '20 | 636387 |
Sales
| Month | Sales |
|---|---|
| May '19 | 318 |
| Jun '19 | 288 |
| Jul '19 | 278 |
| Aug '19 | 269 |
| Sep '19 | 256 |
| Oct '19 | 296 |
| Nov '19 | 246 |
| Dec '19 | 150 |
| Jan '20 | 159 |
| Feb '20 | 259 |
| Mar '20 | 272 |
| Apr '20 | 118 |
| May '20 | 182 |
By home type
| Home type | Sales | MoM | Average | MoM | Median | SNLR | MOI |
|---|---|---|---|---|---|---|---|
| All home types | 182 | +64 +54.2% up 64, 54.2% versus April 2020 | $636,387 | +$1,656 +0.3% up $1,656, 0.3% versus April 2020 | $632,000 | 45.0% | 3.5 |
| Detached | 146 | +56 +62.2% up 56, 62.2% versus April 2020 | $667,347 | +$3,507 +0.5% up $3,507, 0.5% versus April 2020 | $675,000 | 45.5% | 3.5 |
| Semi-detached | 8 | +3 +60.0% up 3, 60.0% versus April 2020 | $577,125 | +$19,545 +3.5% up $19,545, 3.5% versus April 2020 | $572,500 | 133.3% | 0.3 |
| Att/row/townhouse | 17 | +6 +54.5% up 6, 54.5% versus April 2020 | $509,465 | −$15,662 −3.0% down $15,662, 3.0% versus April 2020 | $510,000 | 54.8% | 2.5 |
| Condo townhouse | 0 | −1 −100.0% down 1, 100.0% versus April 2020 | $0 | −$420,000 −100.0% down $420,000, 100.0% versus April 2020 | — | 0.0% | — |
| Condo apartment | 5 | +5 up 5 versus April 2020 | $370,600 | +$370,600 up $370,600 versus April 2020 | $352,000 | 17.2% | 10.6 |
| Link | 4 | −4 −50.0% down 4, 50.0% versus April 2020 | $465,975 | −$116,450 −20.0% down $116,450, 20.0% versus April 2020 | $467,500 | 57.1% | 2.0 |
| Co-op apartment | 0 | no change no change versus April 2020 | $0 | no change no change versus April 2020 | — | — | — |
| Detached condo | 2 | −1 −33.3% down 1, 33.3% versus April 2020 | $697,500 | +$194,500 +38.7% up $194,500, 38.7% versus April 2020 | $697,500 | 25.0% | 10.0 |
| Co-ownership apartment | 0 | no change no change versus April 2020 | $0 | no change no change versus April 2020 | — | — | — |
MLS® Home Price Index
| Category | Index | Benchmark | YoY |
|---|---|---|---|
| Composite | 267.5 | $586,000 | +8.4% up 8.4% |
| Single-family detached | 251.5 | $566,900 | +3.3% up 3.3% |
| Single-family attached | 278.1 | $515,400 | +11.7% up 11.7% |
| Townhouse | — | — | n/a not available, prior month not on file |
| Apartment | — | — | n/a not available, prior month not on file |
Movers within Simcoe County
Minimum 10 sales to qualify
Average price, month-over-month
Top 5
- New Tecumseth +6.6% up 6.6%
- Innisfil +3.5% up 3.5%
- Bradford West Gwillimbury +0.4% up 0.4%
- Essa −7.1% down 7.1%
Bottom 5
- Essa −7.1% down 7.1%
- Bradford West Gwillimbury +0.4% up 0.4%
- Innisfil +3.5% up 3.5%
- New Tecumseth +6.6% up 6.6%
Sales, month-over-month
Top 5
- Innisfil +86.5% up 86.5%
- New Tecumseth +61.5% up 61.5%
- Bradford West Gwillimbury +54.2% up 54.2%
- Essa +29.2% up 29.2%
Bottom 5
- Essa +29.2% up 29.2%
- Bradford West Gwillimbury +54.2% up 54.2%
- New Tecumseth +61.5% up 61.5%
- Innisfil +86.5% up 86.5%
Simcoe County
Bradford West Gwillimbury
Bradford West Gwillimbury, Simcoe County
$776,822
+$2,762 +0.4% up $2,762, 0.4% versus April 2020
- Sales
- 37
- SP/LP
- 98%
- DOM
- 28
- SNLR
- 57.8%
New Tecumseth
New Tecumseth, Simcoe County
$663,719
+$40,915 +6.6% up $40,915, 6.6% versus April 2020
- Sales
- 42
- SP/LP
- 98%
- DOM
- 35
- SNLR
- 41.2%
Adjala-Tosorontio low sample
Adjala-Tosorontio, Simcoe County
$660,000
−$88,605 −11.8% down $88,605, 11.8% versus April 2020
- Sales
- 3
- SP/LP
- 97%
- DOM
- 25
- SNLR
- 33.3%
Innisfil
Innisfil, Simcoe County
$588,442
+$19,972 +3.5% up $19,972, 3.5% versus April 2020
- Sales
- 69
- SP/LP
- 98%
- DOM
- 37
- SNLR
- 39.2%
Essa
Essa, Simcoe County
$536,171
−$41,092 −7.1% down $41,092, 7.1% versus April 2020
- Sales
- 31
- SP/LP
- 98%
- DOM
- 37
- SNLR
- 58.5%
All Simcoe County areas
0 areas
| Area | Sales | MoM | $ volume | Average | MoM | Median | New | Active | SP/LP | LDOM | PDOM | SNLR | MOI |
|---|