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Team Zold believes that every transaction in both real estate and every day life should be a pleasant one, with as little stress as possible. We help his clients stay on top of every situation by being professional, dependable, and prepared for all negotiations.
York Region Home Buyer Guide & Consultation Selling Your Home in Toronto & York Region
We specialize in real estate transactions in Toronto and York Region helping individuals and families find the home of their dreams... or get the best price for a property they are selling.
Last month Aurora posted an 18.7% drop in its average price and I spent most of that update explaining why the number was a mix effect rather than a collapse. September is the proof. The average came in at $1,165,686, down just 1.5% from last September, and the median rose 5.5% to $1,081,500. Against August, the median jumped almost 15%. Nothing changed about Aurora's homes between August and September. What changed is which ones sold.
The average fell 4.4% from last September to $1,125,353 and the median dropped 8.0% to $1,051,000. Detached held almost flat on the average, and everything below detached fell 10% or more on the median. So you have the tightest supply in York Region, 4.1 months of inventory, sitting next to a median decline that only Richmond Hill and Stouffville exceeded this month. Those two facts aren't in conflict. That's what the early part of a turn looks like: inventory burns off first, prices move last.
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