Aurora Real Estate Market
Embarking on a real estate venture in Aurora, Ontario, entails navigating through a spectrum of market statistics that illuminate the current trends in homes, townhomes, and condos. The Aurora real estate market embodies a mosaic of possibilities, each segment portraying a distinct story. While homes surge in value, townhomes and condos navigate minor fluctuations, presenting intriguing prospects for potential buyers and investors.
Listings on the Market:
In the realm of homes, Aurora offers 144 listings—a range of dwellings beckoning potential buyers seeking their dream abode. Meanwhile, the townhome market presents 42 listings, providing a more intimate selection for those inclined towards a community-oriented living experience. On the other hand, condos boast a diverse array of 163 listings, offering a spectrum of urban living options.
2. Average Listing Price in February:
Homes paint a picture of growth, with an average listing price of $1,389,208, signalling a rise in value, a reflection of dreams taking shape. Townhomes echo stability at $1,087,364, a place where families grow and stories unfold. Condos offer affordability at $714,213, embodying a gateway to modern living, adapting to the changing rhythms of life.
3. Change in Average Listing Price:
These fluctuations in listing prices aren’t just numbers; they’re emotions in motion. Homes signify progress, boasting a remarkable 5% increase that whispers promises of a brighter future. Townhomes and condos, with their nuanced shifts, hint at possibilities—minor variations that reflect the ebb and flow of aspirations in this vibrant town.
4. Average SOLD Price in the February:
Moving onto the sold prices, homes in Aurora have been transacted at an average price of $1,400,000, reflecting a 2.1% increase in their average sold price. Townhomes have experienced a slight -0.91% decrease in their average sold price, settling at $1,092,000. Condos, similarly, depict a -1.37% decrease in the average sold price, resting at $720,000.
5. Change in Average SOLD Price:
While homes witness a 2.1% increase in the average sold price, reflecting an upward trend in property valuation, townhomes and condos exhibit minor declines, indicative of market adjustments within these segments. Understanding these market dynamics isn’t just about transactions; it’s about unveiling stories, potential, and the evolving nature of opportunities within Aurora’s vibrant real estate canvas.
Inventory & SOLD Statistics:
In the heart of Aurora, the last 30 days witnessed stories unfold—93 new homes, 42 families embraced, and 26 days spent waiting for these abodes to find their soulmates. These homes, with their 100.8% selling-to-listing price ratio, tell stories of eager hearts finding their match. Townhomes and condos, though fewer in numbers, reflect a similar narrative of life’s tapestry—15 new townhomes, 7 embraced, and 28 days of anticipation, alongside 66 condos that found their way home, 23 sold, within 24 days, all with a commendable selling to listing price ratio. The real estate landscape in Aurora, Ontario, presents diverse opportunities. While homes show significant value appreciation, townhomes and condos experience more subtle fluctuations. The market maintains equilibrium, providing interesting prospects for buyers and investors in each segment.
