May 2016 GTA Housing Market Update - Stouffville - Aurora - Newmarket

Darren Plumb

Want to know what is going on in the Real Estate Market? May 2016 Aurora, Newmarket, Stouffville and GTA Housing Market Update. I am PLUMB Crazy about real estate! Here is your May 2016 Housing Market Update for the GTA, Newmarket, Aurora and Stouffville! In the GTA in the month of May we have had the highest sales ever recorded by the Toronto Real Estate Board! 12870! The average price of a home in the GTA was 751,908. The average sale to list price ratio was 104% with an average days on market of 15. I specialize in the areas of Stouffville, Newmarket and Aurora. So lets take a look on how those numbers break down in those areas. Starting with Aurora: -The number of homes sold was 166 this is up from 152 last year -The average sale price of a home is 1,013,815. Sale Price to List Price ratio currently is at 105% where as May 2015 Aurora was at 100%. -Days on Market in Aurora has come down from 17 in May 2015 to an average of 16 in May 2016. Now for Stouffville: -In May 2015 Stouffville saw 119 homes sales, for May 2016 that increased to 131. -The average sale price currently for Stouffville is 910,440, up from last year which was at 793,955. -In May 2015 Homes in Stouffville were selling under asking Price at 98% Sales Price to List Price Ratio. In May 2016 we have seen that increase to 101% of Asking. -Average Selling time in Stouffville is 15 days, this is down from 22 the year prior. Ok, let’s get a look at Newmarket: -May 2016 saw 228 home sales in Newmarket, this is up 10 units from May 2015. -The average sales price of a home for May 2016 is 777,634. This is up from May 2015 where we saw pricing at 602,738. -Newmarket currently is sitting at a sale price to list price ratio of 105%, this is 5% higher than May 2015. -Days on Market as you expected has decreased in Newmarket from a year ago at 14 to May 2016’s number at 9. For more information please call me direct at 905 251 7852 or click the link in the first comment box. Darren Plumb - Sales Representative RE/MAX Hallmark York Group