GTA and LOCAL REAL ESTATE MARKET UPDATES FOR UXBRIDGE AND THE SURROUNDING AREAS
Keeping you informed on recent trends in the real estate market
The above chart represents the market activity in each of the communities for the month of May 2012.
GREATER TORONTO AREA REAL ESTATE MARKET UPDATES
GTA Real Estate Market Update For May 2012
The Average Selling Price for homes in the GTA $516,787 ..... UP 6.5% over the same period last year
Over all sales numbers ..... UP 11% over the same period last year with 10,850 existing home sales in May 2012
Year Over Year new listings ..... up 20%
"Strong competition between buyers seeking to purchase low-rise home types drove strong price growth in May. However, if new listings continue to grow at the pace they did in May for the remainder of 2012, the annual rate of price growth should begin to moderate on a sustained basis," ..... Jason Mercer, TREB’s Senior Manager of Market Analysis.
The graph on the right is a depiction of the year over year sales activity and average price
GTA and LOCAL REAL ESTATE MARKET UPDATES
The Real Estate Market Is Local
and sometimes hyper-Local
While Charts and Graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. 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