blog-cover_realstats_apr-2020
07 May

Monthly Market Update – April 2020

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Here is Mark Faris, Faris Team CEO and Broker, commenting on recent claims made by Canada Mortgage and Housing Corp. (CMHC) officials that home prices won’t recover from COVID-19 for at least 2 years. His take? Not for our markets.

Watch below for this timely insight, as well as the latest market performance stats for Barrie and the surrounding area, Orillia and Lakelands, and Collingwood, Midland and area.


 

Greater Barrie Area

  • Average selling price is $543K, up 5.2% over April 2019
  • 23.5% less inventory than April 2019
  • 54% less homes sold than April 2019
  • 46% less new listings than April 2019
  • Average days to sell is 32 compared to 28 in April 2019
  • Average list-to-sale ratio steady at 98%, over 98.2% April 2019

Southern Georgian Bay

  • Average selling price is $486K, down 3.5% over April 2019
  • 23.5% less inventory than April 2019
  • 54.8% less homes sold than April 2019
  • 45.6% less new listings than April 2019
  • Average days to sell is 51 compared to 46 in April 2019
  • Average list-to-sale ratio 97.5% down from 98.7% April 2019

Orillia & Area

  • Average selling price is $519K, up 1.8% over April 2019
  • 15.8% less inventory than April 2019
  • 42.3% less homes sold than April 2019
  • 44.7% less new listings than April 2019
  • Average days to sell is 59 compared to 44 in April 2019
  • Average list-to-sale ratio steady at 97.2%, over 97.9% April 2019

Want to know what this means for you, as you consider buying or selling a home? We’re here to help.

Call us today at 1-888-444-9533, send us an email or schedule a Virtual Appointment.

There’s absolutely NO OBLIGATION. Consultations with our team of experts is FREE.


 online real estate services, virtual real estate, covid-19

While the information contained in this site has been presented with all due care, Faris Team assumes no responsibility or liability for any errors or omissions.

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