Hello everyone! Welcome back for another round of Matt’s Stats! Let’s start things off by reviewing the year-over-year graph for July 2024 vs. 2023. The transactional volume for detached properties was up across 6 of our 8 highlighted communities, with Midland leading the way with a whopping 90.9% increase versus last year’s sales volume, followed by Georgina with an impressive 48.7% increase year-over year. Bradford/West Gwillimbury posted the largest decline year-over-year with a drop of 36.6%. The average sale price was up in 2 of the 8 communities, Bradford/West Gwillimbury posted the highest increase in average price year of year with an 11.8% increase, followed by Toronto with a modest 0.4% increase. Orillia saw the largest drop with a decrease of 20.4% versus the average sale price last July.
When comparing the July 2024 with the June 2024 sales results we see some mixed results, as 4 of the 8 regions realized a transactional volume increase, with the other 4 seeing a transactional volume decrease. Midland posted an impressive 110% increase in transactions followed by New Tecumseth with a 28% month over month increase. Bradford/West Gwillimbury had the largest drop in transactional volume with a 32.1% decrease. When it comes to average sale price, Bradford/West Gwillimbury, Midland and New Tecumseth each had month over month increases with 13.7%, 6.3% and 3% increases respectively. Newmarket posted the largest decline month over month, with a 7.2% decline in average sale price.
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@noworries.ca.
