Condominium Market Outlook for Aurora

Condominium Market Outlook for Aurora, Ontario in 2020

Condominium price index (2020)

Current Aurora stats indicate an average house price of $919,188 and 97 new listings in the last 28 days. As of today, Aurora housing data shows median days on market for a home is 40 days.

Average price for condos and features:

Average price for condos in Aurora is $906k while $835k is the median price for condos in aurora. Condos of 1-4 beds are available of average price of $743k.While Condos with1-2 beds are available for average price of $478k. Detached houses of 2-5 beds are quite expensive and sold for average price of $1.1M.

What buyers expect?

Buyers can get houses for average price of $1.3M, townhouses for average price of $774 and condos for the average price of $519k, according to real estate reports for January 2020. After the down market crisis in 2019, buyers were expecting condos will be sold at low price range but in 2020 real estate market become stable which causes an increase in condo price. Many new and pre construction condo developments are now available in the market.

Prices are increasing or decreasing?

The prices of condos in aurora are increasing as per growth rate of 17.2%. It is increasing by 10.5% per month. Aurora is being ranked as 4^th fastest growing city out of 23 in greater Toronto. It has also ranked as 9^th most expensive, 19^th fastest selling and 7^th highest turnover out of 23 in greater Toronto.

– Best areas in city to buy condos

In Aurora, Ontario you can buy the condo located in these areas