REAL ESTATE MARKET Attn: Sophia Song 15004 Yonge Street | Aurora, ON L4G 1M6 CA
REPORT
AUGUST 2020
SOPHIA SONG
Sales Representative CLHMS Million Dollar Guild, ABR
416.356.9215
Sophia@SongTeam.ca
NICK XU
Broker, P Eng. LUXE Luxury Listing Specialist
647.502.9215
Nick@SongTeam.ca
THE SUMMER RECOVERY MARKET IS HERE! The spring market that materialized in June is expected to remain robust throughout the summer months as pent-up demand, low interest rates, and limited inventory headline market drivers. PRESTIGIOUS HOMES OF
“Virtually every housing category in the Greater Toronto area, from starter homes to the luxury market, will be impacted by pent-up demand in the months ahead,” explains Christopher Alexander, Executive Vice President and Regional Director, RE/MAX of Ontario-Atlantic Canada. “Historically low interest rates – with five-year closed rates as low as two per cent – will also provide impetus for the foreseeable future.”
AURORA N O RT H E A S T
W E C E L E B R AT E A N D S E RV E A L L O F AU R O R A’ S D I V E R S I T Y W E S P E A K E N G L I S H A N D M A N DA R I N
HOUSING DEMAND remained visibly above recovery. Homebuyer interest recovered quickly and remains high as low mortgage rates, virtual tools, and lockdown lifts have enabled buyers to continue the search.
HOME PRICE moved further past the recovery threshold. Prices have regained momentum as the mix of inventory shifts back toward higher priced homes and demand for entry-level properties surges.
PREPARED ESPECIALLY FOR
Jonathan and Angela-Marie Williams
www.AuroraNorthEast.com HOUSING SUPPLY continues to follow a path to recovery. While lockdown measures subside and foot traffic resumes, we have yet to see normal levels of listings enter the market. Inventory is critically low!
PACE OF SALES has started to stabilize. As more buyers and sellers reunite, days on market may decrease. Buyers eager to capitalize on historically low interest rates are looking to take advantage of unique market conditions.
JONATHAN AND ANGELA-MARIE, Selling your property during the upcoming months could realize a great return on your investment. Contact us today for a no-obligation market analysis of your home. SOPHIA: 416.356.9215 | NICK: 647.502.9215
PRESENTED BY
SOPHIA SONG
AND
NICK XU
PRESTIGIOUS HOMES OF
AURORA N O RT H E A S T
OUR MISSION
SOPHIA SONG
NICK XU
Sales Representative
Broker, P Eng.
CLHMS Million Dollar Guild, ABR
LUXE Luxury Listing Specialist
416.356.9215
647.502.9215
Sophia@SongTeam.ca
We set and pursue the highest business, professional, and ethical standards with the utmost integrity, guided by our duty to our clients and ourselves.
JONATHAN AND ANGEL A-MARIE , This market report was created especially for you. If you would like more information about any of these homes or would like a complimentary assessment of your house, please call us.
SOPHIA: 416.356.9215 | NICK: 647.502.9215 Visit AuroraNorthEast.com/market-report to view our market reports online!
Nick@SongTeam.ca
1 3 AT TAC H E D H O M E S F O R SA L E
Real estate updates at your fingertips
YO U H O L D T H E P OW E R . I T ’ S A S E LLER’ S MARKET !
1 7 D E TAC H E D H O M E S F O R SA L E
BEDS RANGE
BATHS RANGE
BEDS
BATHS RANGE
3-4
3-4
3-5
3-6
EST. SQ. FT. RANGE*
LIST PRICE RANGE
EST. SQ. FT. RANGE*
LIST PRICE RANGE
1,500-2,500
$788,000-$1,029,900
2,000-5,000+
$999,999-$2,090,000
8 AT TAC H E D H O M E S S O L D I N T H E L A S T 6 0 DAYS BEDS
BATHS
EST. SQ. FT.
SOLD PRICE
DAYS ON MARKET
2
3
7,00-1,100
$650,000
8
2
3
7,00-1,100
$679,300
6
3
3
1,500-2,000
$749,800
63
3
4
2,000-2,500
$885,000
5
3
3
1,500-2,000
$890,000
11
3
3
1,500-2,000
$910,000
29
4
4
2,500-3,000
$950,000
10
3
5
2,500-3,000
$950,000
13
1 0 D E TAC H E D H O M E S S O L D I N T H E L A S T 6 0 DAYS
THE MARKET IS HOT! NOW IS THE TIME TO ACT! HIGH BUYER DEMAND
HISTORICALLY LOW INTEREST RATES
LOW HOUSING INVENTORY
JONATHAN AND ANGELA-MARIE, With interest rates remaining low and home prices increasing at a healthy pace, homes in Aurora are in high demand. If you are planning on selling, contact us today to create a safe and effective plan that works for you and your family. SOPHIA: 416.356.9215 | NICK: 647.502.9215
BEDS
BATHS
EST. SQ. FT.
SOLD PRICE
DAYS ON MARKET
4
4
2,000-2,500
$1,185,000
33
4
4
2,000-2,500
$1,200,000
5
4
5
2,500-3,000
$1,225,000
35
4
4
3,000-3,500
$1,240,000
42
4
4
2,500-3,000
$1,251,000
15
4
4
2,500-3,000
$1,255,000
20
4
4
2,500-3,000
$1,270,000
84
4
4
3,000-3,500
$1,360,000
103
4
4
3,000-3,500
$1,430,000
12
4
4
2,500-3,000
$1,525,000
5
Due to TREB regulations, full disclosure of all listing and sold data is only available upon request. Sophia Song, Nick Xu, and RE/MAX Hallmark Realty Limited are not in any way affiliated with Aurora Home Owners Association, nor is this in any way an official advertisement or publication of Aurora. ©2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Toronto MLS (TREB) between May 21st, 2020 through July 20th, 2020. Listings and sales may not be those of RE/MAX Hallmark Realty Limited. The Toronto MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
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