Market Update for May


Rural Aurora Sales Up

The  first quarter 2019 results in Aurora  are in for sales of all home types.   There were 190 sales captured by the Toronto Real Estate Board’s Aurora Community Breakdown.

The average home price was $883,212 while the median price was $783,750. There were 532 homes placed for sale and at the end of the first three months 302 were available for sale. On average, sellers yielded about 96 per cent of their asking price and on average homes sold in 29 days during this timeframe.

Comparing to the results from the first quarter of 2018 the numbers are quite similar.  Last year 186 homes sold at an average price of $884,154.  The median price was $784,950 and there were 558 homes placed for sale with 306 remaining for sale at the start of April. Seller’s received about 95 per cent of asking price and 30 days was the average for days on the market.

Of the homes that sold in the ten neighbourhoods of Aurora four neighbourhoods topped the list for those taking action.

In the area considered Rural Aurora 51 homes were sold comprising of 33 detached and 18 townhomes at an average price of $1,054,680. Last year at the same time there were only 30 sales in Rural Aurora at an average price of $967,052.  This neighbourhood statistic was the most notable increase in action year over year.

There were 39 sales in the Aurora Highlands 28 of which detached and 11 were Condo apartment, townhome sales at an overall average of $817,267.

There were 27 home sales in the Bayview Wellington area at an average price of $688,007 and the bulk of those sales fell in the townhome or condo townhome category with 18, 6 detached homes and 3 semi-detached homes.

The neighbourhood with the lowest average pricing for the quarter was Aurora Village where 25 homes sold on average for $611,834.  There were 16 condo apartments and condo townhomes that sold, 7 detached homes and 1 additional townhome and semi-detached which sold.

The neighbourhood with the highest average price was Aurora Estates where 4 detached homes and 1 townhome sold at an average price of $1,839,978.

For more comprehensive information specific to the neighbourhoods throughout Aurora call a REALTOR®️today to book a face to face consultation.

-written by Connie Power

Connie Power is the Assistant Manager CNE® SRS® ABR® SRES®, 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; Summary of Existing Home Transactions for All types of homes, First Quarter 2018, 2019 Aurora Community Breakdown.

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