Jul 07, 2018
Kathy’s Uxbridge Real Estate Market Update For July 2018
Uxbridge Real Estate Month End Market Update
… By The Numbers
Sales year over year – down 6.45%
New Listings year over year – up 17.24%
Average Days On The Market year over year – up 129.41%
Average Sale Price year over year – down 5.67%
Median Sold Price Last Month $670,000
Average Sale Price Last Month $752,872
Median Sold Price This Month $765,000
Average Sale Price This Month $787,372
This past month there were 68 new listings and 29 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 29 sales represents a 0% increase from the 29 sales last month and a 6.45% decrease from the same month last year.
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If you are contemplating the sale of Your Home contact us
Local Uxbridge And Area Month End Real Estate Market Snapshot
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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.
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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.
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 2.4%, with the number of new listings down 18.6% over the same period last year
The average selling price for June 2018 was $807,871compared to $791,929 in 2017.
“Home ownership has proven to be a positive long-term investment. After some adjustment to the Fair Housing Plan, the new Office of The Superintendent of Financial Institutions (OSFI) stress test requirement and generally higher borrowing costs, home buyers are starting to move back into the market, with sales trending up from last year’s lows. Market conditions appear to be tightening, with sales accounting for a greater share of listings, as new listings have dropped compared to last year,” … Toronto Real Estate Board President Mr. Bhaura.
The Average Selling Price for homes in the GTA ….. up 2.0% from the same period last year
The expectation is to see improvement in sales over the next year. Over the same period, however, it is likely that issues surrounding the supply of listings will persist. This suggests that competition between buyers could increase, exerting increased upward pressure on home prices. With a new provincial government in place and municipal elections on the horizon, housing supply should be top-of-mind for policy makers,” … 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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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
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