Market Updates

Sep 07, 2018

Kathy’s Uxbridge Real Estate Market Update For Aug 2018


Uxbridge Real Estate Month End Market Update

… By The Numbers

Sales year over year – up 5.26%
New Listings year over year – no change
Average Days On The Market year over year – up 85.71%
Average Sale Price year over year – up 14.39%


Median Sold Price Last Month $670,000
Average Sale Price Last Month $661,900
Median Sold Price This Month $705,000
Average Sale Price This Month $829660

This past month there were 50 new listings and 20 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 20 sales represents a 100% increase from the 10 sales last month and a 5.26% increase 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

*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 for the month on a year-over-year basis by 8.5%, with the number of new listings up 6% over the same period last year

The average selling price for August 2018 was $765,270 compared to $730,969 in 2017.

“It is encouraging to see a continued resurgence in the demand for ownership housing. Many home buyers who had initially moved to the sidelines due to the Ontario Fair Housing Plan and new mortgage lending guidelines have renewed their search for a home and are getting deals done much more so than last year. In a region where the economy remains strong and the population continues to grow, ownership housing remains a solid long-term investment,” … Toronto Real Estate Board President Mr. Bhaura.

The Average Selling Price for homes in the GTA ….. up 4.7% from the same period last year

“Market conditions in the summer of 2018, including this past August, were tighter than what was experienced in the summer of 2017. In August, the annual rate of sales growth outpaced the annual rate of new listings growth. We only have slightly more than two-and-a-half months of inventory in the TREB market area as a whole and less than two months of inventory in the City of Toronto. This means that despite the fact the sales remain off the record highs from 2016 and 2017, many GTA neighbourhoods continue to suffer from a lack of inventory. This could present a problem if demand continues to accelerate over the next year, which is expected,” … 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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