Whitchurch-Stouffville Newspaper Index

Stouffville Sun-Tribune (Stouffville, ON), 9 Sep 2010, p. 19

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0040\"‘;“|DQOI|¢- ‘ . . . I an...” ‘ I . ‘ e ‘voocl' Aux-1w.- ESTATE: 1,800 fewer homes sold last month More than 6,200 homes changed hands in August, compared to more than 8,000 in the same period last year, according to the latest numbers from the Toronto Real Estate Board. At the same time, average pn'ces inched up 6 per ceng to a} GTA average of$411,012. “Market conditions and the affordability picture would have to change dramatically before a sustained drop in the average selling price would take place," board senior manager of market analysis Jason Mercer said. The real estate market’s summer slowdown contin- ued last month as sales declined 22 per Cent compared toAugust2009. Newlistings also slowed, dropping by.1 per cent to 10,488. GTA ho using market slows 0 The region’s quietest, but priciest distn'ct, northeast Wtchumh-Stoumrifle (N13) has seen 96 properties change hands so far this year for an average $749,917. 0 While Newmarket is consistently the best value, with an $382,078 average last month, Vaughan’s half of Thornhill took a tumble, with 80 sales averaging only $387,794. By comparison, March saw 112 sales averag- ing almost $530,000 and the year-to-date average is more than $480,lX)0; 0 Detached home sales sold for an average 101 per cent oflist price in both central Markham (N11) and its half of Thomhill (N01): 0 While sales have slowed, condo apartments con- tinue to gain a foothold with more than 150 selling last month. While a detached house in Vaughan (N08) aver- ages more than nearly $640,000, the average condo cost $298,993, and; last month. 905-727-0930 1 -800-263-2231 yeuowbdckmmeug ,aT d w . Eliminate women abuse in our , community Mtge:

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