April 06, 2017
Kathy’s Uxbridge Real Estate Market Update For March 2017
Uxbridge Real Estate Month End Market Update
… By The Numbers
Sales year over year are up 38.71%
New listings year over year are down 6.78%
Average Days On The Market year over year is down by 20.83%
Average Sale price is up 52.36%
This past month there were 55 new listings and 43 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 43 sales represents a 104.76% increase from the 21 sales last month.
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Local Uxbridge And Area Month End Real Estate Market Snapshot
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*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 up on a year-over-year basis by 17.7%, with the number of new listings up 15.2% over the same period.
The average selling price for March 2017 was $916,567 compared to $688,011 in March 2016.
“It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market. Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions. Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth,” … Toronto Real Estate Board President Larry Cerqua.
The Average Selling Price for homes in the GTA ….. UP 33.2% from the same period last year
“Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings. A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance. As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed,” Jason Mercer, TREB’s Senior Manager of Market Analysis.
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1- Sales, dollar volume, average sale prices and median sale prices are based on firm transactions entered into the Toronto MLS® system between the first and last day of the month/period being reported.
2 -New listings entered into the Toronto 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 Toronto MLS® system between the first and last day of the month/period being reported.
5 – DOM Average number of days on the market for firm transactions entered into the Toronto 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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