No cooling off - August Real Estate Market Report

I hope your summer is going great. Real Estate prices in August remained at a high level. The average price in York Region was $1,339,742 which is 5.85% higher on a year-over-year basis and only slightly lower compared to July. Aurora and Newmarket saw the biggest growth in the past 12 months in all of York Region.

(Source: TRREB Market Watch)

Newmarket with 2023 high

The average price in Aurora in August was $1,462,134. That's a 22.75% increase compared to August 2022 (avg. $1,191,194). Prices in Newmarket went up 18.8% from $1,051,080 last August to now $1,248,400 - that's the highest price average for Newmarket this year!

The number of homes sold naturally went down a little compared to the previous month: 68 sales were reported in Aurora (70 in July) and 64 in Newmarket (72 in July).

The average price in East Gwillimbury was $1,370,878 (+8% year-over-year) and $1,100,150 in Bradford (+1%).

GTA: Sales slightly down, Prices unchanged

Throughout Toronto and the GTA, Realtors have reported a total of 5294 Sales on the MLS System - down 5.2% compared to last year (5584). The average price of $1,082,492 remained unchanged on a year-over-year basis (August 2022: $1,079,048).

September Special: Book your free exterior Pictures!

Are you thinking of potentially listing your home this winter or early spring next year? Then take advantage of the beautiful weather, green lawns, open and inviting Pools and colorful flowers. Book your free exterior photo shooting now so you'll have great pictures available for when you're ready to list. Especially during the winter months pictures on the MLS can look a little dull and depressing. Having professional summer shots to present your property in the best light will be a huge advantage.

Reach out to me this month and we'll set up an exterior shooting with a professional real estate photographer. There is no obligation to list and it's 100% complimentary.

I wish you a great rest of what's left of summer.

Kind regards,

Vincent Bongard

***not intended to solicit any Buyers or Sellers currently under contract with a Brokerage***