Prices Continue To Rise ..... but more slowly
The average selling price for August 2011 was $316,938 which shows a 1.5% increase from August 2010. The year to date average selling price is $317,306, a 4.4% increase over 2011.
The increase of 5.5% in new listings over last month would have played a part in the lower increase in home prices this month over last months 11.2% year over year increase for the month.
Total sales for the year to date are down 2% from last year with 6,988 sales to date for 2011
"The decrease in the number of sales from July to August is consistent with the market
trends in previous years. Summer months tend to slow down when people are on vacation”
Dierdre Mullen President Durham Region Association of REALTORS®.
Durham Region Real Estate is increasing slower than The Greater Toronto Area Real Estate which showed an average increase of over 10% last month
These figures represent a broad range of properties Across the Region.. 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
Kathy the seasoned Real Estate veteran is upon us and that is a good thing for all in Uxbridge
Kathy, our Durham ON area seems to be moving along nicely. Great information to share-thanks.