Numbers Never Lie!
The statistics say our market values improved by 50% over this time last year ….. numbers never lie … but they can give a false impression.
In a small market like Uxbridge, when several high end homes sell in a month, it skews the percentages ….. especially in a month where few entry level homes sell.
If we look at an average home sale for the 12 months ending in October of 2016 compared to the 12 months ending in October 2015 we see home prices have risen by 23.52% ….. so you see that while numbers don’t lie by looking at them differently we can arrive at different conclusions.
Comparing October 2016 sales to September 2016 sales dropped 6.06%, the average price rose 28.27% and the median price rose 31.15% When we look at similar numbers for 2015 we see sales rose 9.09%, the average price rose 1.21% and the median price dropped 3.25%
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
Uxbridge Market Update
Median Sold Price This Month $800,000
Average Sale Price This Month $900,190
Median Sold Price Last Month $610,000
Average Sale Price Last Month $698,521
This past month there were 42 new listings and 31 residential sales reported by the Toronto Real Estate Board for Uxbridge. The 31 sales represents a 6.06% decrease from the 33 sales last month.
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
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You can view all our historical charts by visiting our Market Reports and Statistics page Here
Local Uxbridge And Area Month End Real Estate Market Snapshot
*see notes .. Figures represent the MLS Statistical Summary .. data source Toronto Real Estate Board
If you are living in Uxbridge or thinking of buying or selling a home in Uxbridge and don’t want to miss our monthly real estate market updates sign up for our Monthly Real Estate Market Update News letter.
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.
