Uxbridge Real Estate Market Update - December 2011

By
Real Estate Sales Representative with RE/MAX All-Stars Realty Inc. Brokerage

Uxbridge Real Estate Market Update

December 2011

Uxbridge Homes - Average Sale PriceThe Average Selling Price for all home types in Uxbridge ..... up 12.4% to $469,531 over 2010's average price of $417,750 for the same time period last year.

Here is a sampling of what is available around the average price in Uxbridge.

This chart represents all residential sales in Uxbridge. With roughly 30 sales per month the average prices displayed here are often impacted by a few low or high end sales

While enjoying solid gains in value Uxbridge properties sell at a slower pace than Toronto. It often takes up to 3 times longer to sell a home in Uxbridge than it does in many areas of Toronto.

Currently there are 104 properties for sale ranging from $169,000 to $4,490,000.

 

With an average of just under 30 sales per month to date this year
the current 104 properties for sale represent a 3 1/2 month supply of listings.

Uxbridge New listings

Uxbridge Active Listings


Greater Toronto Area Real Estate Market Update

December 2011

The Average Selling Price for homes in the GTA ..... up 8% from December 2010

Over all sales numbers..... up 4% from 2010 with 89,347 reported transactions through the Toronto MLS system in 2011

The full Toronto Real Estate Board Market Watch for December can be viewed here

Average Sales Price By Home Type

GTA Sales Activity

Graph and Chart - source
Toronto Real Estate Board Market Watch


The Real Estate Market Is Local
and sometimes hyper-Local

 

These figures represent a broad range of properties Across the GTA.. 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 give me a Call or Text me

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Kathy Clulow  Sales Representative RE/MAX All-Stars Realty Inc..  Brokerage 905.852.6143
Each office independently owned and operated  Not intended to solicit clients already under contract

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Topic:
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Rainmaker
333,351
Ty Lacroix
Envelope Real Estate Brokerage Inc

Kathy, a 12.4% increase is healthy. Can it continue?

Ty

January 06, 2012 11:04 AM
Rainmaker
940,012
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

Cal - the bottom was actually in 1996 but the values there were in line with where they sould have been given a realativly normal increase instead of the boom bust cycle.

January 06, 2012 02:11 PM
Rainmaker
940,012
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

David - According to Jason Mercer, TREB’s Senior Manager of Market Analysis our increases should moderate this year

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” Jason Mercer, TREB’s Senior Manager of Market Analysis.

January 06, 2012 02:15 PM
Rainmaker
940,012
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

Roy - indeed it is

January 06, 2012 02:15 PM
Rainmaker
940,012
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

Ty - the 12.4% is comparing Dec 2010 to Dec 2011 and includes all residential properties ..... with only 16 sales or less in each of the two months a close analysis would likely reveal the numbers are being influenced by some low or high end sales.

This is one of the reasons why I recommend that people use stats only as a window into trends that may be developing and have proper CMA's done if they are contemplating selling or buying for that manner. Unless you understand all the underlying factors involved in preparing the stats one should not be using them in any decision making process involved in the buying or selling of real estate.

 

January 06, 2012 02:28 PM
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Rainmaker
940,012

Kathy Clulow

CNE - ASP - SRES .... Uxbridge Ontario Real Estate
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Kathy Clulow
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RE/MAX All-Stars Realty Inc.
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