Sold Quicker for More

Sold Quicker for More

Home sales in Aurora remained steady in the 4th quarter of 2015.  There were 193 total sales of all home types with an overall average of 99% yield between list price and selling price, taking about 23 days to sell. There were 230 new homes placed for sale and 68 remained available to buy as the New Year of 2016 commenced. The median home price was $680,000 versus $765,600 as the average price for all types of homes during the same time frame.

Sales in the Aurora Highlands led the pack of neighbourhoods with 41, sharing a median price of $720,000, typically selling in 16 days.  Next was Aurora Village with a median price of $610,250, and Bayview Wellington with a median price of $562,000 were neighbourhoods that shared 34 sales each.
Aurora Heights area experienced 25 sales in the 4th quarter with a median of $645,000, and 23 homes sold in Bayview NorthEast with an $855,000 median value yielding on average 102% of asking price; the highest average in Aurora.   The Hills of St. Andrew with a median price of $857,500 and Aurora Estates with a Median of $970,000 each tied at 12 sales for the final stretch of 2015.  Aurora Grove experienced 9 sales for the best value pricing median of $555,000.  There were no reported sales in Bayview Southeast or in Rural Aurora to report.

When we compare these results with the same Fourth quarter results in 2014 we see there were almost matched results in number of sales in Aurora with slightly more new listings in 2015.  The median price rose by nearly $100,000, and the average price by almost $70,000 with stronger sales to list pricing in 2015 and homes selling 10 days sooner.

York region continues to be a hot market and if your considering making a move call and book a face to face discussion to set your plans to empower you ahead of the Spring market.

Written by Connie POWER

Connie POWER is a Real Estate Sales Representative SRS® Seller’s Representative Specialist ABR® Accredited Buyer’s Representative SRES® Seniors Real Estate Specialist with RE/MAX Hallmark YORK Group Ltd., Brokerage.  If you are considering buying or selling in YORK region or beyond call Connie directly at (905) 726-0856 to book a face to face consultation.

*The statistics provided herein were obtained from the MLS® All Home Types Fourth Quarter 2014 and 2015 AURORA COMMUNITY BREAKDOWN.

*Not intended to solicit those already under contract.