Jan 08, 2020
Kathy’s Uxbridge Real Estate Market Update For December 2020
Uxbridge Real Estate Month End Market Update
… By The Numbers
– Sales year over year – Down 21.05%
– New Listings year over year – Down 22.22%
– Average Days On The Market year over year – Down 55.77%
– Average Sale Price year over year – Up 41.21%
– Median Sold Price Last Month $849,900 – Average Sale Price Last Month $1,133,562
– Median Sold Price This Month $951,500
– Average Sale Price This Month $1,012,895
This past month there were 26 new listings and 29 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 29 sales represents a29.27% decrease from the 41 sales last month with no change from the same month last year.
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Local Uxbridge And Area Month End Real Estate Market Snapshot
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Local Uxbridge And Area Month End Real Estate Market Snapshot
December
November
*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, Whitchurch-Stouffville or our map search platform the choice is yours.
Statistics Are What They Are
The Real Estate Market Is Local and sometimes hyper-Local While Statistics Charts and Graphs may provide an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity.
The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today’s local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please Contact Me @ 905.852.6143
caveat – E&OE – these numbers reflect the raw data as reported by the Toronto Real Estate Board for the past month at the time of posting.
** “New” listings entered into the Toronto MLS® system between the first and last day of the month being reported may include listings that were previously listed and cancelled or expired and then relisted.
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 Listing Days on Market (Avg. LDOM) refers to the average number of days sold listings were on the market. Average Property Days on Market (Avg. PDOM) refers to the average number of days a property was on the market before selling irrespective of whether the property was listed more than once by the same combination of seller and brokerage during the original listing contract period.
6 – Active listings at the end of the last day of the month/period being reported.
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
GTA Market Updates
Greater Toronto Area Real Estate Market Update Month End Report
“The Greater Toronto Area housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery,”
Greater Toronto Area REALTORS® reported 7,180 home sales through TRREB’s MLS® System in December 2020.
- New listings were up by 66.1% year-over-year to 5,865.
- Sales were up from 4364 in 2019 by 64.5% to 7,180 in 2020
The average selling price for December 2020 was $932,222 compared to $838,662 in 2019.
“Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers for ground-oriented homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth,” Lisa Patel, President Toronto Real Estate Board.
The Average Selling Price for homes in the GTA ….. up 11.2% from the same period last year
“While the housing market as a whole recovered strongly in 2020, there was a dichotomy between the single-family market segments and the condominium apartment segment. The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings far-outstripped growth in sales. Increased choice for condo buyers ultimately led to more bargaining power and a year-over-year dip in average condo selling prices during the last few months of the year,” said Jason Mercer, TRREB’s Chief Market Analyst.
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
