Uxbridge, Ontario and Durham Region Real Estate Market Statistics - September 2017

Durham’s real estate market continues to remain strong

Durham Region Association of REALTORS® (DRAR) President Roger Bouma reported 835 residential transactions in September 2017, down 23 per cent compared to September 2016. However, this was a slight increase over the previous month.

September also saw an increase in the number of new listings in Durham (1,914), compared to the 1,556 new listings reported in September 2016.

The average housing price for September in Durham Region was $578,666, a slight decrease over the previous month, however an increase of 4.25% over the same period last year.

Homes listed on the market continue to sell in an average of 23 days.

Uxbridge’s Real Estate Market

There were 21 residential transactions reported in Uxbridge through the Toronto Real Estate Board in September 2017, down 36% from September 2016 but up 10.5% from August 2017.

New listings increased in Uxbridge, 73 in September 2017 compared to 48 in September 2016.  An increase of 23 from August. 

The average housing price for September in Uxbridge was $802,238, an increase of 10.61% over the previous month, and an increase of 14.85% over the same period last year.

Homes that sold took an average of 31 days to sell.

After Sales Prices having a slight downturn from record numbers in the beginning of 2017, September 

saw a small increase.

Real Estate Stats GTA/Uxbridge

October 2016 Home Sales Up Year-Over-Year
GTA is setting a Record Pace!

TORONTO, November 3, 2016 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

“The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017,” said Mr. Cerqua.

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a year- over-year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

“New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller’s market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis. 



UXBRIDGE, November 3, 2016  - The average selling price for all home types for the Township of Uxbridge combined was $745,988 - up 22.7% year-to-date.   There were 31 sales reported in October compared to 36 in October 2015 down 14%.  New listing for the month were 42 compared to 40 in October 2015 and increase of 5%.  However there were 82 active listings in Uxbridge for October 2015 well over the 53 listings on the market in 2016.   With the tight supply prices are still increasing and homes are selling quickly (the average days on market October 2016 are 17 days, 10 days shorted that in 2015)

From the Toronto Real Estate Board Market Watch, October 2016