Market Updates

Dec 05, 2018

Kathy’s Uxbridge Real Estate Market Update For November 2018


Uxbridge Real Estate Month End Market Update

… By The Numbers

Sales year over year – Down 17.86%
New Listings year over year – up 25%
Average Days On The Market year over year – up 36.96%
Average Sale Price year over year – up 2.5%%


Median Sold Price Last Month $791,000
Average Sale Price Last Month $841,094
Median Sold Price This Month $705,000
Average Sale Price This Month $742,043

This past month there were 40 new listings and 23 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 23 sales represents a 4.17% decrease from the 24 sales last month and a 17.86% decrease from the same month 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

November

October

*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 for the month on a year-over-year basis by 14.7%, with the number of new listings down 26.1% over the same period last year

The average selling price for November 2018 was $788,345 compared to $761,140 in 2017.

“New listings were actually down more than sales on a year-over-year basis in November. This suggests that, in many neighbourhoods, competition between buyers may have increased. Relatively tight market conditions over the past few months have provided the foundation for renewed price growth,” … Toronto Real Estate Board President Garry Bhaura.

The Average Selling Price for homes in the GTA ….. up 3.5% from the same period last year

“Home types with lower average price points have been associated with stronger rates of price growth over the past few months. Given the impact of the OSFI-mandated mortgage stress test and higher borrowing costs on affordability, it makes sense that the condo apartment and semi-detached market segments experienced relatively stronger rates of price growth in November, as market conditions in these segments remained tight or tightened respectively over the past year,” … 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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