February 2024 vs. February 2023. Hello everyone! Welcome back and thanks for tuning in for another round of Matt’s Stats! Let’s start things off by reviewing the year-over-year graph for February 2024 vs. 2023. The transactional volume for detached properties was up once again in all 8 of our highlighted communities, and the average sale price was up in 4 of the 8 communities. Midland lead the way with the largest increase in transactional volume with a 200% increase followed by New Tecumseth (60%) and Georgina (42.8%). While New Tecumseth posted the highest increase in average price year of year, with a 15.2% increase, followed by Bradford/West Gwillimbury at a 9.3% increase and Newmarket with a 5.8% increase.
Reviewing the February 2024 vs January 2024 results we once again see transactional volume increases in all 8 of the highlighted communities. New Tecumseth had the largest increase in transactional volume with a 71.4% increase followed closely by Toronto with a 66.8% increase. We see 6 of the 8 communities with an increase in month over month average sale price, New Tecumseth had the largest increase in average sales price with 21.6% jump month over month followed by Bradford/West Gwillimbury at 16.4%. Midland and Orillia were the two communities with month over month average sale price decrease, with a 32% and 3.7% decrease respectively.
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