Weekly Market Update January 1-8

Faris Team CEO and Broker, Mark Faris, says that the week of Christmas was seasonly quiet on the market, resulting in dramatic increases in most stats for the first week of January. Midland and area’s average sale price skyrocketed, but due to higher-priced properties selling firm.

We’re watching the market closely amidst the provincial lockdown, and are operating as an essential service to help those who need to move throughout the pandemic.

Stay safe, and remember we’re here to help and go full out^® for you any way we can.

Next week, watch out for our 2020/2019 Year In Review.

Barrie & Area

Compared to the week of December 25-31:

• Average selling price is $692K, down 9%  

• 392% more new listings than last week (only 13 new listings were posted during the week of Christmas)

• 44% more homes sold

• List-to-sale ratio is down, but remains strong at 101.1%

Midland & Surrounding Area

Compared to the week of December 25-31:

• Average selling price is $865K, up 37%  

• There were no new listings the week of Christmas, but 16 is a 33% increase over the week of Dec 17-24)

• 10% fewer homes sold

• List-to-sale ratio is down, but still strong at 100.5 %

Orillia & Surrounding Area

Compared to the week of December 25-31:

• Average selling price is $682K, up 6%  

• 386% more new listings (from just 7 the week of Christmas)

• 238% more homes sold (from just 8 the week of Christmas)

• List-to-sale ratio is down slightly but still strong at 102.1%

Want to know what this means for you as you consider buying or selling a home? We’re here to make your experience stress-free.

Call us today at 1.888.918.6570, send us an email or book an appointment.

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

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.