Market Updates

May. 06, 2019

Kathy’s Uxbridge Real Estate Market Update For April 2019


Uxbridge Real Estate Month End Market Update

… By The Numbers

Sales year over year – Up 100%
New Listings year over year – Up 21.82%
Average Days On The Market year over year – Up 14.71%
Average Sale Price year over year – Down 0.8%


Median Sold Price Last Month $703,000
Average Sale Price Last Month $1,038,222
Median Sold Price This Month $750,000
Average Sale Price This Month $785,567

This past month there were 67 new listings and 48 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 48 sales represents a 108.7% increase from the 23 sales last month and a 100% increase from the same month last year.


View All Our Current Uxbridge Housing Market Charts Click Here

If you are contemplating the sale of Your Home contact us

Local Uxbridge And Area Month End Real Estate Market Snapshot

Uxbridge Real Estate Market Statistics Update

Click on the image to view all the current Uxbridge Real Estate Market charts

To View All Our Current and Historical Housing Market Charts Click Here


Local Uxbridge And Area Month End Real Estate Market Snapshot

 

April 2019

March 2019

*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.


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

GTA Market Updates

Greater Toronto Area Real Estate Market Update Month End Report

The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.

The average selling price for April 2019 was $820,148 compared to $804,926 in 2018.

“The strong year-over-year growth in sales is obviously a good news story and likely represents some catchup from a slow start to the year. TREB’s sales outlook for 2019 anticipates an increase relative to 2018. It should be noted, however, that growth in new listings is not keeping pace with sales. This points to the ongoing housing supply issue in the GTA. In this regard TREB welcomes the provincial government’s Housing Supply Action Plan announced last week to reduce red tape and improve the mix of housing types. TREB provided input on the Plan through submissions and participation on working groups,” … Toronto Real Estate Board President Garry Bhaura.

The Average Selling Price for homes in the GTA ….. up 1.9% from the same period last year

“While sales were up year-over-year in April, it is important to note that they remain well-below April levels for much of the past decade. Many potential home buyers arguably remain on the sidelines as they reassess their options in light of the OSFI-mandated two percentage point stress test on mortgages. Longer term borrowing costs have trended lower this year and the outlook for short-term rates, for which the Bank of Canada holds the lever, is flat to down this year. Unfortunately, against this backdrop, we have seen no movement toward flexibility in the OSFI stress test,” … 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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