Positive Trends - August Real Estate Market Report

Our local Real Estate Market seems to be recovering. Throughout the entire Toronto Real Estate Board (Toronto and GTA) prices in August were up by 3.6% on a year-over-year basis.

Although August was a slower month with only 78 Sales in Aurora (compared to 109 in July), the average price of $869,239 was up by 5% compared to the previous month. But compared to last year's August, Aurora's home prices are still down a bit (6.8%). The average price for a detached home in Aurora is $1,051,157.

Newmarket is doing a little better. The average home price in August was $799,368 - that an increase of 6.25% compared to August 2018.

The average price for a home in East Gwillimbury in August was $827,831. Just like in Newmarket, prices have increasd on a year-over-year basis and are up by 5.1%.

September has started strong and I'm looking forward to a busy Fall Market.