REAL ESTATE MARKET Attn: Sophia Song 15004 Yonge Street | Aurora, ON L4G 1M6 CA
REPORT
JULY 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
What are Buyer’s Expectations in a New Home? Buyers reported that the following aspects held more importance to them in light of the virus:
43.5%
45.7%
PRESTIGIOUS HOMES OF
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
[ Extra Bedrooms ]
[ Open Floor Plan ]
W E S P E A K E N G L I S H A N D M A N DA R I N
PREPARED ESPECIALLY FOR
45.7%
50.0%
[ Good Lighting ]
[ Kitchen Style ]
No one is denying that the spread of COVID-19 has had a profound impact on buyer confidence in the real estate market. However, a new study shows that many buyers still want to buy, with 30% reportedly looking at available listings more often than before their search was impacted. 20% of buyers reported expediting their home-buying timeline, citing low interest rates as their motivation. Buyers are putting new emphasis on searching for better common spaces. Jonathan and Angela-Marie, Though buyers are being cautious, the drive to own a home is still alive and well. Now more than ever, you need an experienced Aurora real estate agent who can help guide you through a successful transaction. Call us today at 416.356.9215 (Sophia) or 647.502.9215 (Nick) to discuss your options.
Jonathan and Angela-Marie Williams
www.AuroraNorthEast.com
PRESENTED BY
SOPHIA SONG
AND
NICK XU
PRESTIGIOUS HOMES OF
AURORA N O RT H E A S T
OUR MISSION
SOPHIA SONG
We set and pursue the highest business, professional, and ethical standards with the utmost integrity, guided by our duty to our clients and ourselves.
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
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
Real estate updates at your fingertips
8 AT TAC H E D H O M E S F O R SA L E BEDS RANGE
BATHS RANGE
BEDS
BATHS RANGE
3-4
3-5
4
3-7
2 0 2 0 M I D -Y E A R | R E A L E S TAT E R E V I E W
AURORA NORTHEAST ATTACHED HOMES
DETACHED HOMES
15
33
TOTAL SALES
SOLD PRICE 6.4% from 2019
LOW
$650,000
AVERAGE
$842,567
HIGH
$948,000
103.5%
4.5% from 2019
LOW
EST. SQ. FT. RANGE*
LIST PRICE RANGE
EST. SQ. FT. RANGE*
LIST PRICE RANGE
1,200-3,000
$889,900-$989,999
2,000-3,500
$1,128,000-$1,498,000
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
TOTAL SALES
SOLD PRICE
1 3 D E TAC H E D H O M E S F O R SA L E
$940,000
AVERAGE
$1,230,788
HIGH
$1,495,000
100.3%
BEDS
BATHS
EST. SQ. FT.
SOLD PRICE
DAYS ON MARKET
2
3
700-1,100
$650,000
8
3
3
1,500-2,000
$749,800
63
3
3
1,100-1,500
$770,000
39
3
4
2,000-2,500
$885,000
5
3
4
1,500-2,000
$890,000
22
3
3
1,500-2,000
$890,000
11
4
3
2,000-2,500
$898,800
7
4
3
2,000-2,500
$944,000
11
8 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
AVERAGE SOLD PRICE/ LIST PRICE RATIO
AVERAGE SOLD PRICE/ LIST PRICE RATIO
BEDS
BATHS
EST. SQ. FT.
SOLD PRICE
LOW: 94.7% | HIGH: 117.6%
LOW: 92.5% | HIGH: 116.8%
2.6% from 2019
1.6% from 2019
3
4
1,500-2,000
$1,030,000
6
4
4
2,000-2,500
$1,188,000
45
4
4
2,000-2,500
$1,196,000
0
4
4
2,000-2,500
$1,200,000
5
4
4
2,500-3,000
$1,260,000
9
14
AVERAGE DAYS ON MARKET
LOW: 1 | HIGH: 63
SOLD 2 DAYS FASTER THAN 2019
39
AVERAGE DAYS ON MARKET
LOW: 0 | HIGH: 293
SOLD 18 DAYS SLOWER THAN 2019
DAYS ON MARKET
4
4
3,000-3,500
$1,360,000
103
Data based on listings from Toronto MLS (TREB) from January 1 st to June 19 th, 2019 and 2020. Information deemed accurate but not guaranteed.
4
4
3,000-3,500
$1,430,000
12
Jonathan and Angela-Marie, If you need to sell your house and would like to know the current status of your local market, contact us today to create a safe and effective plan that works for you and your family.
4
4
3,500-5,000
$1,495,000
33
SOPHIA: 416.356.9215 | NICK: 647.502.9215
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 April 20th, 2020 through June 19th, 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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