Market Watch for N18: Bradford West Gwillimbury
BRADFORD WEST GWILLIMBURY
MARKET WATCH
Greater Toronto REALTORS® reported 29 sales in Bradford West Gwillimbury [N18] through the Multiple Listing Service® (MLS®) in October 2010. This represents a 10 percent decrease compared to the 32 sales recorded in October 2009. However, the average price of homes sold was $359,534 for this month up 17 percent from October 2009’s average price of $306,062. This increase is substantially higher than in areas such as the GTA which increased by about 5 percent. As shown in Figure 1, Active and New listings have also increased since last year.
| Figure 1: Bradford West Gwillimbury Housing Market Comparison | |||
| OCTOBER 2009 | OCTOBER 2010 | % CHANGE | |
| ACTIVE LISTINGS | 122 | 130 | +6.5% |
| NEW LISTINGS | 51 | 56 | +10% |
| SALES | 32 | 29 | -10% |
| DAYS ON THE MARKET | 44 | 54 | +22% |
| SOLD AVG. % OF LISTING PRICE | 98 | 98 | SAME |
Figure 2 shows data derived from the MLS indicating that the majority of single-family homes sold this month in Bradford were Detached Houses.
Note: Bradford’s Housing Market does not include New Home Sales. Information used is based on the Toronto Real Estate Board Market Watch for October 2009, 2010.