Market Report - St Andrews - March 2013
Home prices in the St Andrews Scarborough community declined slightly!
The statistics below reflect your community real estate sales activity from July 1, 2012 to January 20, 2013. (The data provided is deemed accurate but not guaranteed. Source TREB)
- Highest sold price was $521,500; lowest sold price was $382,000; and the average sold price was $435,695.
- Average sold price was 99.7% of list price.
- Average number of days on market was 16 days.
The demand for homes in the St. Andrews community remains strong although average prices during the last 6 months of 2012 were down by approximately 3% over the January – June 2012 time period. There are currently only 3 homes for sale. Market conditions remain favourable for selling your home. The government’s talk of possibly increasing the mortgage rate later this year will likely stir increased buyer activity before rates rise.