Nov 03, 2017
Kathy’s Uxbridge Real Estate Market Update For Oct 2017
Uxbridge Real Estate Month End Market Update
… By The Numbers
Sales year over year – down 22.58%
New Listings year over year – up 11.9%
Average Days On The Market year over year – up 52.94%
Average Sale Price year over year – up 1.76%
This past month there were 47 new listings and 24 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 24 sales represents an increase of 14.29% from the 21 sales last month and an 18.42% decrease from last year.
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If you are contemplating the sale of Your Home contact us
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 26.7%, with the number of new listings up 11.8% over the same period.
The average selling price for Oct 2017 was $780,104 compared to $762,691 in Oct 2016.
“Every year we generally see a jump in sales between September and October.
However, this year that increase was more pronounced than usual compared to the
previous ten years. So, while the number of transactions was still down relative to
last year’s record pace, it certainly does appear that sales momentum is picking up,” … Toronto Real Estate Board President Tim Syrianos.
The Average Selling Price for homes in the GTA ….. UP 2.3% from the same period last year
“The housing market in the GTA has been impacted by a number of policy changes
at the provincial and federal levels. Similar to the track followed in the Greater
Vancouver Area, it appears that the psychological impact of the Fair Housing Plan,
including the tax on foreign buyers, is starting to unwind,” 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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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
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