Aurora Houses 4th Quarter Report 2015

Including: Aurora Hills, Highland, Heights, Village, Wellington, Grove, Estates,

Rural and Bayview Northeast and Southeast

Aurora Real Estate   2015     2014   Difference
House Sales   193     194   + 0%
Homes Average Price   $765,700     $697,760   + 10%
New Listings   230     224   + 3%
Active Listings   68     90   -26%
% of Final Sales Price to Listing Price   99%     97%   + 1%
Days on Market   23     33   - 30%

 

  Sales Average Price Detached New Listings Actual Listings Days on Market % Sold Price vs. Listing Price
Aurora Hills 12 $1,027,250 15 6 27 99%
Aurora Heights 25 $668,944 30 8 19 100%
Aurora Highland 41 $739,905 51 6 16 99%
Aurora Village 34 $619,844 30 14 34 97%
Aurora Wellington  34  $603,506  30 6  23  100%
Aurora Grove  9  $609,500 9 2  20   101% 
Aurora Estates  12  $1,056,833  26 16  23  101%
Aurora Rural  1  0  3 3  0  0%
Bayview North East  23  $827,911  31 6  16  102% 
Bayview South East  1  0  2 1  0   0% 

 Aurora Ontario Real Estate Sales reports houses homes

 

Aurora had an excellent 4th quarter sales of houses in 2015. We saw sales remain strong at the same level as last year and yet prices soared by 10% over 2014. New listings remained strong though inventory fell by the end of the quarter.

For the 9th quarter in a row Aurora prices increased, this time by 10% to an average homes sales price  of $765,700 from $697,760 the same period last year. Actual sales were down by 1 sale from last year to  listings on the market.

Houses remained on the market for just over 3 weeks down from over a month last year and the sellers were getting 99% of asking price each sales which was up 2% over last year.

The Aurora market is showing no signs of weakness in the market and if inventory continues to remain low we will see sales remain strong and prices even stronger. If you are thinking of putting your home on the market now is a strong time to do so as we really do not know how long this market will remain as a sellers market. 

 

Sales in Aurora for the 4th quarter of 2015 were very strong. Sales remained the same as the period last year and prices continued to increase over the same period of last year. Inventory continues to move along at the lower end and we are still seeing sellers get the value that they are looking for and homes are still moving quickly.

The sales in Aurora were virtually the same as 2014 over the same period last year. More than 190 houses sold. Prices grew 10% over last year to over $765,000 average. Though we would like to see inventory increase faster the new listings entering the market was 3% higher than last year, though houses sold so we saw a 26% decline in actual listings on the market at the end of the quarter. Sellers were getting over 99% of their asking price and most homes sold in less than 3 weeks.

Overall it was a very strong quarter for Aurora and we only see positive signs in the near future. One thing is very certain is if you are debating on selling your home in the near future get it on the market now as we have no clue as to how long the interest rates will remain low. As we see interest rates rise their is a high probability that we will see the possibly of lower value to homes.

 

If you are interested in the final sales price for any Aurora property, please call me, Randy Corcoran, at 905-883-8300 or e-mail: 

wcorcoran@trebnet.com

 
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