Uxbridge Real Estate Market Snapshot - Week Ending Sunday February 2nd, 2014
Real Estate listing activity continued to pick up this past week with the number of current listing climbing once again over the previous week, in all there were 16 new** listings reported last week 2 more than the week before.
With the listing inventory picking up now is the time to start your dream home search process. An educated buyer, one who starts their search several months in advance of when they anticipate buying, will be well aware of the market conditions when it comes time to buy. Don't wait until your dream home appears as other buyers who are prepared will be in a better position to make a deal than you and you could loose out on your perfect dream home. Keeping an eye on what is happening on an ongoing basis, getting pre-qualified for a mortgage, preparing your existing home to sell (if you have one to sell) are all steps to be taking now in preparation for your spring purchase.
Currently ..... Median Asking Price $699,900
The median price of properties available has dropped each week for the last few weeks.
There are 100, up from 95, properties listed at the end of last week on the National MLS® System for sale in Uxbridge with a price range from $169,900 to $3,699,000 and a median asking price of $699,900 down from last weeks $$704,500 . . ..... this includes properties that are sold subject to conditions being met
This past week saw the following transactions reported by the Toronto Real Estate Board for Uxbridge:
- 16 new** listings
- 2 properties with price changes
- 10 residential properties sold subject to conditions being met
- 1 residential Condo/Other sold subject to conditions being met
- 8 residential freehold properties sold firm (may include properties previously listed as sold conditional)
- 0 residential Condo/Other sold firm (may include properties previously listed as sold conditional)
- 0 previous deal(s) fell through
To View All Our Historical Uxbridge Real Estate Charts
Visit Our Historical Charts Page Here
The Uxbridge Real Estate Market - The Year In Review
The Uxbridge Real Estate Market - 2013 The Year In Review
#1 in the Series - Looks at What Potential Buyers Are Looking At
#2 in the Series - Looks at Days On The Market
#3 in the Series - Looks at Average Sales Prices
#4 in the Series - Looks at Seasonal Trends
#5 in the Series - Looks at the relationship between sales and listings
Why We Use The Median Price?
If you have been following our market snapshots for any length of time you will have noticed that the price range seldom changes. This is due to listings sitting on the market for a long period of time for a variety of reasons. We could have added the average price but it tends to swing from one week to the next, this combined with the limited number of new listings and sales reported in a week, makes the average price a poor indicator of what is actually taking place in the market.
E&OE - these numbers reflect the raw data reported by the Toronto Real Estate Board for the last seven days no attempt has been made to verify the accuracy of the information reported.
** new listings also includes listings that were previously listed and had expired and then were re-listed, terminated and re-listed or may have been re-listed by a different broker.
Statistics Are What They Are
The Real Estate Market Is Local and sometimes hyper-Local While Statistics 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 Contact Me
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