Market Updates

Uxbridge Real Estate Month End Market Update

What a roller coaster year it has been …..  from an overheated spring market with many homes selling with multiple offers pushing the selling price up well over the asking price ….. to the slowest December in the 9 years we have been tracking sales data for you.

… By The Numbers

Sales year over year – Down 35.71%
New Listings year over year – up 50%
Average Days On The Market year over year – up 100%
Average Sale Price year over year – down 44.03 %


Median Sold Price Last Month $725,000
Average Sale Price Last Month $726,429
Median Sold Price This Month $600,000
Average Sale Price This Month $665,100

This past month there were 18 new listings and 9 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 9 sales represents a 67.86% decrease from the 28 sales last month and a 35.71% decrease from last year.


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Local Uxbridge And Area Month End Real Estate Market Snapshot

Uxbridge Real Estate Market Statistics Update

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Local Uxbridge And Area Month End Real Estate Market Snapshot

*see notes .. Figures represent the MLS Statistical Summary .. data source Toronto Real Estate Board

As always bear in mind that numbers paint a picture but not necessarily the whole picture

Remember the best way to determine the Current Market Value of your home, short of selling it on the open market, is to have a Comparable Market Analysis done for your home.


Search “All” The Listings Here ….. Use our quick search links for homes for sale in the following Durham Region Communities of Uxbridge, Port Perry/Scugog and Brock or the York Region Communities of Georgina, East Gwillimbury, Whitchurch-Stouffville or our map search platform the choice is yours.


GTA Market Updates

Greater Toronto Area Real Estate Market Update Month End Report

Sales were down on a year-over-year basis by 7.1%, with the number of new listings up 51.9% over the same period.

The average selling price for Dec 2017 was $735,021 compared to $7302,1241 in Dec 2016.

“Much of the sales volatility in 2017 was brought about by government policy decisions. Research from TREB, the provincial government and Statistics Canada showed that foreign home buying was not a major driver of sales in the GTA. However, the Ontario Fair Housing Plan, which included a foreign buyer tax, had a marked psychological impact on the marketplace. Looking forward, government policy could continue to influence consumer behavior in 2018, as changes to federal mortgage lending guidelines come into effect,” … Toronto Real Estate Board President Tim Syrianos.

The Average Selling Price for homes in the GTA ….. up 0.7% from the same period last year

“It is interesting to note that home price growth in the second half of 2017 differed substantially depending on market segment. The detached market segment – the most expensive on average – experienced the slowest pace of growth as many buyers looked to less expensive options. Conversely, the condominium apartment segment experienced double-digit growth, as condos accounted for a growing share of transactions,” Jason Mercer, TREB’s Senior Manager of Market Analysis.

 

View All Our Current GTA Housing Market Charts Click Here


Thanks for taking the time to read our monthly Real Estate Market Update

Kathy Clulow Office: 905.852.6143

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NOTES:
1 – Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the TREB MLS® system between the first and last day of the month/period being reported.
2 – New listings entered into the TREB MLS® system between the first and last day of the month/period being reported.
3 – Active listings at the end of the last day of the month/period being reported.
4 – Ratio of the average selling price to the average listing price for firm transactions entered into the TREB MLS® system between the first and last day of the month/period being reported.
5 – Average number of days on the market for firm transactions entered into the TREB MLS® system between the first and last day of the month/period being reported.
6 – Due to past changes to TREB’s service area, caution should be exercised when making historical comparisons.
7 – Past monthly and year-to-date figures are revised on a monthly basis.
8 – SNLR = Sales-to-New Listings Ratio. Calculated using a 12-month moving average (sales/new listings).
9 – Mos. Inv. = Months of Inventory. Calculated using a 12-month moving average (active listings/sales).

data source Toronto Real Estate Board month end reports as posted at the end of each month
©Kathy Clulow – Sales Representative RE/MAX All-Stars Realty Inc. Brokerage
47 Brock St. W. — Uxbridge, ON — L9P 1N5 — PH:905-852-6143
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