Inclement Weather for Buyers

Market Update

Inclement Weather for Buyers

Winter’s fury didn’t stop Buyer’s who were committed to making Aurora their new address, 50 homes sold throughout the 28 day month at an average price of $939,253 which is a about a 9 per cent improvement in value since the January report from the Toronto Real Estate Board an almost identical home value as the same time last year.  Sellers added an additional 152 homes of all descriptions to the market and at month end 238 homes remained available for sale throughout Aurora.  Typically Seller’s received 98 per cent of their asking price on their homes which on average sold in 32 days.  At current rates of Buyers’ demand it would take about 4.5 months to sell through the current number of offerings available.

Looking closer at the top two types of homes that sold in February, 29 detached homes were bought at a median price of $995,000 while 10 townhomes or attached dwellings sold for a median of $690,000.  For more details on the market and market values across Aurora and beyond contact a REALTOR® for a face to face discussion.

-written by Connie Power

Connie Power is a Real Estate Sales Representative CNE® SRS® ABR® SRES®, Assistant Manager, Mentors and Develops New Real Estate Sales Representatives for RE/MAX Hallmark York Group Realty Ltd.,  Brokerage serving York region and beyond in the Greater Toronto Area (GTA).
Empowering you in Real Estate, Call Connie today to make an appointment to discuss your next move at (905) 726-0856.

*The statistics provided herein were obtained from the Toronto Real Estate Board; Regional Housing Market Tables; York Region, Aurora for February of 2018, 2019 and the Summary of Existing Home Transactions of all home types, February 2018, 2019 for all TREB Areas.

***Not intended to solicit those currently under a real estate contract.