Highest Prices in Aurora/Newmarket since 2017 - June Real Estate Market Report

We hope you've enjoyed the beautiful weather this weekend! Our local Real Estate Market in June was as hot as the last days' temperatures.

Aurora and Newmarket prices more than 15% up

Home prices in Aurora rose over 1 Million for the first time since September 2017. $1,039,565 was the average price, which reflects a 16.6% increase compared to June 2019 and a 15% increase compared to this year's May. Sales have doubled; while only 48 homes sold in May, 94 sales were reported on the MLS in June.

The average price in Newmarket in June was $889,534. It's the 4th highest monthly average in history and a 15.25% increase on a year-over-year basis. Never have homes in Newmarket sold for more since Apri 2017.

East Gwillimbury Homes over 1 Million

In East Gwillimbury the home prices exceeded the 1-Million-Mark only for the third time in history. The June average of $1,025,359 reflects a 31.7% increase compared to June 2019. Sales volume went up from 25 homes being sold in May to 60 in June.

As anticipated we're experiencing a "Spring Market" in Summer. Buyers are back out looking and showings have picked up since mid-May as the graph below illustrates. We're noticing more buyers from Toronto looking to purchase in York Region, appreciating larger properties with a backyard versus smaller downtown semi-detached homes or condos.