Monthly Market Update: December 2021

Faris Team CEO and Broker, Mark Faris, says that home sales were down this December in most regions compared to last year, and average home prices are up once again. This indicates that any homes on the market are still in hot demand, and therefore are selling faster. Don’t let the cold weather fool you, the Real Estate market is still hot, making this an excellent time to sell your home fast and for top value with Faris Team in 2022.

Find out how the market performed in Barrie:

3 Market Trends in December 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Barrie.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $936k, up 31.8%.

3. Average days on market

• The average days to sell is down from 28 days in December 2020, to just 18 days.

Find out how the market performed in Midland:

3 Market Trends in December 2021:

1. Home sales are down

• With a small dip inventory on the market, there’s been a 23.3% decrease in home sales in Midland.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $692k, up 19.3%.

3. Average days on market

• The average days to sell is down from 53 days in December 2020, to just 22 days.

Find out how the market performed in Collingwood:

3 Market Trends in December 2021:

1. Home sales are climbing

• Despite a minor dip in inventory, Collingwood saw an increase in home sales.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $946k, up 25.1%

3. Average days on market

• The average days to sell has increased from 34 days in December 2020, to 37 days.

Find out how the market performed in Orillia:

3 Market Trends in December 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Orillia.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $812k, up 19.5%

3. Average days on market

• The average days to sell is down from 28 days in December 2020, to just 21 days.

Find out how the market performed in Newmarket 

3 Market Trends in December 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Newmarket.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.2M, up 34.6%.

3. Average days on market

• The average days to sell is down from 17 days in December 2020, to just 11 days.

Find out how the market performed in Vaughan:

3 Market Trends in December 2021:

1. Home sales are down

• With not enough inventory on the market, there’s been a dip in home sales in Vaughan.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.4M, up 22.1%.

3. Average days on market

• The average days to sell is down from 30 days in December 2020, to just 16 days.

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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.

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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.