Summer Seekers Save

 

The month of June marked an increase in temperatures and action takers buying real estate in Aurora with 94 homes sold which is slightly stronger than the month of May and is 27 more than in June of 2017.  In the first 6 months of the year 448 homes have sold.  Average pricing of homes has decreased since May to $899,991 and with further analysis the median price of all home types came in at $748,000.  Detached homes specifically are holding their value on average at $1,111,588 with a median price reported as $1,039,250.  Sellers typically received 97 per cent of the asking price and homes sold on average in 32 days on the market. There were 229 homes placed on sale in June and 395 homes remained fo sale at month’s end.  While inventory remains high Buyer’s will take more time, caution and weigh their options of location, style and price or home more before purchasing.

Speak to your lender and know how much you are pre-qualified for which likely has changed from prior year. Call a REALTOR® to design your action plan in advance of shopping for your next home and to discuss proactive measures you can take as a Seller before your property is placed on the market.

-written by Connie Power

Connie Power is a Real Estate Sales Representative 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; Regional Housing Market Tables; York Region, Aurora for May, June 2017 and 2018.

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