Real Estate

Average Sale Prices in January 2017 v January 2016

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  • Feb 4th, 2017 4:15 pm
[OP]
Banned
Oct 17, 2016
378 posts
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Oshawa, Ontario

Average Sale Prices in January 2017 v January 2016

This is a list of the TOP Percentage Change in real estate prices comparing the last two Januarys in Ontario.

Topping the list is Aurora @ 55% increase from January 2016 to January 2017.
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17 replies
Deal Fanatic
May 31, 2007
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SellKijijiOshawa wrote: This is a list of the TOP Percentage Change in real estate prices comparing the last two Januarys in Ontario.

Topping the list is Aurora @ 55% increase from January 2016 to January 2017.
Assuming this average price for detached house?
Member
Mar 3, 2016
389 posts
249 upvotes
SellKijijiOshawa wrote: This is a list of the TOP Percentage Change in real estate prices comparing the last two Januarys in Ontario.

Topping the list is Aurora @ 55% increase from January 2016 to January 2017.
I guess this is only detached house numbers. Interestingly the owner of a detached house in Aurora made $500K on their house which is probably more than their annual income! They might as well give up their job. Who needs to work when your house makes more money than you..lol
Deal Addict
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Dec 27, 2011
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Ya it's gotta be detached houses. Anything for Kitchener-Waterloo?
Deal Addict
Sep 13, 2016
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Mississauga
Sam9876 wrote: I guess this is only detached house numbers. Interestingly the owner of a detached house in Aurora made $500K on their house which is probably more than their annual income! They might as well give up their job. Who needs to work when your house makes more money than you..lol
Yeah, but that money is just on paper. Your house does not give you $500K hard cash, right?
Honestly, all this appreciation is meaningless unless you are planning to downsize or move to a smaller town.
Deal Guru
Dec 11, 2008
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Still no volume of sales? For all we know it was 1 house sold in January in Aurora.
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Mar 14, 2006
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yes, detached prices. funny how i saw the same data from a group chat, i think OP got it from same source.
Deal Fanatic
Dec 5, 2009
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speedyforme wrote: Still no volume of sales? For all we know it was 1 house sold in January in Aurora.
I posted a link in the Toronto bubble thread which includes all of the sales data.
Deal Guru
Dec 11, 2008
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fdl wrote: I posted a link in the Toronto bubble thread which includes all of the sales data.
Thank you.
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Sep 4, 2005
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TOP percentage based. So it really took the guy with a 6000 sqft home in aurora to sell it this year. Kind of a meaningless list.
Deal Fanatic
May 31, 2007
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I checked three areas with the treb reports from Jan 2016 and Jan 2017, for Aurora, Pickering and Whitby, the numbers are not 100% accurate but very, very close to Detach House Average Price..
I wonder where this chart maker got numbers from, and if TREB edits reports after publishing?
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Jan 5, 2003
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Jungle wrote: I checked three areas with the treb reports from Jan 2016 and Jan 2017, for Aurora, Pickering and Whitby, the numbers are not 100% accurate but very, very close to Detach House Average Price..
I wonder where this chart maker got numbers from, and if TREB edits reports after publishing?
TREB does edit after publishing. Because they publish so soon after the month is over, if deals fall through or otherwise change the numbers are revised later. It's usually not a significant change.

I saw the numbers here: http://www.movesmartly.com/2017/02/deta ... ities.html
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Sep 8, 2007
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Doesn't make much sense that Aurora is nearly the same as Vaughn and Markham in that list. Might be skewed by a few bigger transactions.

Maybe the median price would be more accurate?
Newbie
Dec 18, 2016
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cartfan123 wrote: Doesn't make much sense that Aurora is nearly the same as Vaughn and Markham in that list. Might be skewed by a few bigger transactions.

Maybe the median price would be more accurate?
why not? Aurora is pretty white bread and has gotten very affluent lately. I can see the appeal for that demographic. It's like Oakville north.
Deal Fanatic
Dec 5, 2009
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lovelife905 wrote: why not? Aurora is pretty white bread and has gotten very affluent lately. I can see the appeal for that demographic. It's like Oakville north.
The demographics for Aurora have not changed since last year.

Keep in mind the volume of sales is quite low in Aurora so a few large purchases can indeed skew the numbers. For example, in January there were 23 sales in Aurora vs 100+ sales in each of Vaughn, Richmond Hill, and Markham.

Best to watch the trend over the next few months to draw conclusions.
Newbie
Dec 18, 2016
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fdl wrote: The demographics for Aurora have not changed since last year.

Keep in mind the volume of sales is quite low in Aurora so a few large purchases can indeed skew the numbers. For example, in January there were 23 sales in Aurora vs 100+ sales in each of Vaughn, Richmond Hill, and Markham.

Best to watch the trend over the next few months to draw conclusions.
I definitely feel like white flight is a trend in Aurora's and Newmarket's growth. More Affluent whites leaving Markham and RH and moving there. But yeah Aurora is smaller.

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