Recipe For The Perfect Real Estate Storm
The whirlwind of activity on most new listings continues as homes available for sale continue to remain well below previous years. Couple this with an increase in sales and you have the recipe for the perfect real estate storm resulting in soaring prices.
Year To Date – – Sales – up 19.42% – – New Listings – down 10.97% – – Average Price up 28.13%
Year Over Year July – – Sales – up 2.56% – – New Listings – down 32.73% – – Average Price up – – 32.21%
Active Listings at the end of July – down 41.28%
Uxbridge Market Update
Median Sold Price This Month $629,000
Average Sale Price This Month $731,632
Median Sold Price Last Month $733,000
Average Sale Price Last Month $850,910
This past month there were 37 new listings and 40 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 40 sales represents a 16.67 % decrease from the 48 sales last month
See the full report here
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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
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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.