Average Sale Prices in January 2017 v January 2016
Topping the list is Aurora @ 55% increase from January 2016 to January 2017.
Feb 2nd, 2017 11:31 am
Feb 2nd, 2017 12:24 pm
Feb 2nd, 2017 2:31 pm
Feb 2nd, 2017 2:49 pm
Feb 2nd, 2017 3:35 pm
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
Feb 2nd, 2017 3:56 pm
Feb 3rd, 2017 8:51 am
Yeah, but that money is just on paper. Your house does not give you $500K hard cash, right?
Feb 3rd, 2017 9:27 am
Feb 3rd, 2017 9:48 am
Feb 3rd, 2017 9:52 am
Feb 3rd, 2017 10:11 am
Feb 3rd, 2017 7:38 pm
Feb 3rd, 2017 11:01 pm
Feb 4th, 2017 2:03 pm
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.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?
Feb 4th, 2017 2:11 pm
Feb 4th, 2017 3:42 pm
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.
Feb 4th, 2017 4:07 pm
The demographics for Aurora have not changed since last year.
Feb 4th, 2017 4:15 pm
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.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.