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 June 2024 vs. 2023. The transactional volume for detached properties was down across almost all of our highlighted communities, with the exception of Bradford/West Gwillimbury which finished the month even with last year’s sales volume. The average sale price was up in 3 of the 8 communities, Midland posted the highest increase in average price year of year with a 2.3% increase, followed closely by Newmarket at 1.9% up and Bradford/West Gwillimbury with a 0.8% increase. Orillia saw the largest drop with a decrease of 9.1% versus last June’s average sale price.
Comparing the June 2024 vs the May 2024 results, Bradford/West Gwillimbury was the only highlighted community to see an increase in transactional volume month over month, with Midland, Georgina and New Tecumseth posting 30%+ decreases. We had 3 of the 8 communities post an increase in month over month average sale price, New Tecumseth had the largest increase in average sales price with a 5.8% jump followed by Newmarket at 4.8% and Orillia at 0.5% up. Midland and Georgina were the two communities with the largest month over month average sale price decreases, with a 19.5% and 11.6% decrease respectively.
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.
