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Scugog Housing Market Report

Scugog housing market report

Scugog housing market overview

  • The average home price in Scugog was $1,073,564 — a -4.01% year-over-year decrease.
  • The median home price in Scugog was $1,072,500 — a 11.37% year-over-year increase.
  • The average detached home price decreased -6.3% year-over-year to $1,073,564
  • The semi-detached home price increased 0% year-over-year to $0
  • The condo townhouse home price increased 0% year-over-year to $0
  • The average condo apartment home price decreased -100% year-over-year to $0

Table of contents

Average home price trends

The average home price across all property types in Scugog was $1,073,564. Home prices have decreased -4.01% year-over-year compared to the average home price of $1,118,455 the prior year. The average home price across all property types saw a 13.03% month-over-month increased from the average home price of $949,782 the prior month. Here is how the average home price has changed across property types.

Read More: Toronto (GTA) Home Prices

Property Type Average M/M Y/Y
Detached $1,073,564 +12.64% -6.3%
Semi-Detached $0 +0% +0%
Condo Townhouse $0 -100% +0%
Condo Apartment $0 +0% -100%

Important Market Metrics

Sales

Total sales in Scugog were 14 which is a 27.27% increase from 11 sales the prior year. Here is how the sales are broken down by property type:

  • Detached: 14 — a 40% Y/Y increase
  • Semi-Detached: 0 — a 0% Y/Y increase
  • Condo Townhouse: 0 — a 0% Y/Y increase
  • Condo Apartment: 0 — a -100% Y/Y decrease

Inventory

The housing inventory this month is 3.1 months which is up from 3 months of inventory the prior month and 2.3 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

Scugog had total new listings of 41 which is a 36.67% Y/Y increase and -22.64% M/M decrease.

Sales-to-new-Listings Ratio

The sales-to-new listing ratio is an important metric as it helps us to understand the balance of supply and demand in the housing market which helps determine who has the majority of negotiating power in the housing market. The sales-to-new-listings ratio (SNLR) in Scugog was 46.4% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

All property types

The highest historical average home price in Scugog was $0. The highest historical median home price was $0.

Stat August 2024 Y/Y Change
Average Price $1,073,564 -4.01%
Median Price $1,072,500 +11.37%
Sales 14 +27.27%
New Listings 41 +36.67%
Active Listings 74 +17.46%

Single-family detached home prices in Scugog

Stat August 2024 Y/Y Change
Average Price $1,073,564 -6.3%
Median Price $1,072,500 +2.24%
Sales 14 +40%
New Listings 39 +30%
Active Listings 72 +14.29%

Semi-detached home prices in Scugog

Stat August 2024 Y/Y Change
Average Price $0 +0%
Median Price $0 +0%
Sales 0 +0%
New Listings 0 +0%
Active Listings 0 +0%

Condo townhouse prices in Scugog

Stat August 2024 Y/Y Change
Average Price $0 +0%
Median Price $0 +0%
Sales 0 +0%
New Listings 2 +0%
Active Listings 2 +0%

Condo apartment prices in Scugog

Stat August 2024 Y/Y Change
Average Price $0 -100%
Median Price $0 -100%
Sales 0 -100%
New Listings 0 +0%
Active Listings 0 +0%

Other housing market reports across the greater Toronto area:

Toronto

Halton Region

Peel Region

York Region

Durham Region

Dufferin County

Simcoe County

source: TREB