Market Updates

Dec 04, 2019

Kathy’s Uxbridge Real Estate Market Update For November 2019


Uxbridge Real Estate Month End Market Update

… By The Numbers

Sales year over year – Up 26.09%
New Listings year over year – Down 7.5%
Average Days On The Market year over year – Down 42.86%
Average Sale Price year over year – up 1.47%


Median Sold Price Last Month $730,000
Average Sale Price Last Month $783,932
Median Sold Price This Month $684,000
Average Sale Price This Month $752,936

This past month there were 37 new listings and 29 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 29 sales represents a -3.33% drop from the 30 sales last month and a 26.09% 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

November 2019

October 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

Greater Toronto Area REALTORS® reported 7090 residential sales through TREB’s MLS® System in November 2019. This result represented a 14.2 per cent increase compared to 6206 sales reported in 2018.

The average selling price for November 2019 was $843,647 compared to $787,349 in 2018.

“An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test, have moved back into the market for ownership housing. Based on affordability and stricter mortgage qualification standards, many buyers may have likely adjusted their preferences, changing the type and/or location of home they ultimately chose to purchase,” … Michael Collins, President Toronto Real Estate Board .

The Average Selling Price for homes in the GTA ….. up 7.1% from the same period last year

“Strong population growth in the GTA coupled with declining negotiated mortgage rates resulted in sales accounting for a greater share of listings in November and throughout the second half of 2019. Increased competition between buyers has resulted in an acceleration in price growth. Expect the rate of price growth to increase further if we see no relief on the listings supply front,” … Jason Mercer, Chief Market Analyst Toronto Real Estate Board.

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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©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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