Oct 05, 2017
Kathy’s Uxbridge Real Estate Market Update For Sept 2017
Uxbridge Real Estate Month End Market Update
… By The Numbers
Sales year over year – down 36.36%
New Listings year over year – up 40.38%
Average Days On The Market year over year – up 72.22%
Average Sale Price year over year – up 14.85%
This past month there were 73 new listings and 21 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 21 sales represents a 10.53% increase over from the 19 sales last month and a 36.36% decrease from last year.
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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 35.1%, with the number of new listings up 9.4% over the same period.
The average selling price for Sept 2017 was $775,546 compared to $756,021 in Sept 2016.
“The improvement in listings in September compared to a year earlier suggests that home owners are anticipating an uptick in sales activity as we move through the fall. Consumer polling undertaken for TREB in the spring suggested that buying intentions over the next year remain strong. As we move through the fourth quarter we could see some buyers moving off the sidelines, taking advantage of a better-supplied marketplace,” … Toronto Real Estate Board President Tim Syrianos.
The Average Selling Price for homes in the GTA ….. UP 2.6% from the same period last year
“With more balanced market conditions, the pace of year-over-year price growth was more moderate in September compared to a year ago. However, the exception was the condominium apartment market segment, where average and benchmark sales prices were up by more than 20 per cent compared to last year. Tighter market conditions for condominium apartments follows consumer polling results from the spring that pointed toward a shift to condos in terms of buyer intentions,” Jason Mercer, TREB’s Senior Manager of Market Analysis.
View All Our Current GTA Housing Market Charts Click Here
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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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