Monthly Market Update: February 2022

“The month of February 2022 saw a rush of new listings hit the market both in Simcoe County and York Region which left some Sellers transitioning to a different strategy from selling.  Going into 2022 and then with low new inventory introduced in January, it was leaving the market at the lowest levels yet however with this push of new inventory, it has allowed buyers more options when purchasing.  What it hasn’t changed is average sale price as it continues to grow.  Still very much a Sellers market however more inventory will begin to allow active listings to build which should transition to further settling through March and opportunities for more Buyers to secure a new home..”

- Jeff Barr, Broker of Record

Find out how the market performed in Barrie:

3 Market Trends in February 2022:

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 $1M, up 38.8%.

3. Average days on market

• The average days to sell is down from 13 days in February 2021, to just 11 days.

Find out how the market performed in Alliston:

3 Market Trends in February 2022:

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 $1.2M, up 40.8%.

3. Average days on market

• The average days to sell remained the same from February 2021, at just 12 days.

Find out how the market performed in Midland:

3 Market Trends in February 2022:

1. Home sales are climbing

• With more inventory on the market, there’s been a small increase 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 $807k, up 18%.

3. Average days on market

• The average days to sell is down from 20 days in February 2021, to just 15 days.

Find out how the market performed in Collingwood:

3 Market Trends in February 2022:

1. Home sales are down

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

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $1.1M, up 48.7%

3. Average days on market

• The average days to sell remained the same from 31 days in February 2021, to 31 days.

Find out how the market performed in Orillia:

3 Market Trends in February 2022:

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 $946K, up 34.8%

3. Average days on market

• The average days to sell is down from 30 days in January 2021, to just 23 days.

Find out how the market performed in Newmarket 

3 Market Trends in February 2022:

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 $1.4M, up 33.7%.

3. Average days on market

The average days to sell remained the same from 6 days in February 2021, to 6 days.

Find out how the market performed in Vaughan:

3 Market Trends in February 2022:

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 $1.6M, up 33.2%.

3. Average days on market

• The average days to sell is down from 14 days in February 2021, to just 10 days.

Find out how the market performed in Huntsville:

3 Market Trends in February 2022:

1. Home sales are down

• Despite a dip in inventory, home sales have remained consistent in Huntsville.

2. Home values are stronger than ever

• Sellers saw gains in home sale prices with an average sale price of $884K, up 16.8%.

3. Average days on market

• The average days to sell is down from 28 days in February 2021, to just 23 days.

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.

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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.