Market Report - St. Andrews Community, Scarborough - Nov 2013
Home prices continue to go up, up up!
Below is a statistical insight into homes sales activity and how the demand for your community is accelerating.
- October 2013 is the first month ever where the average sold price was over $500,000 (well over).
- The average sold price year to date in 2013 ($473,443) is 9% higher than 2012 ($435,096) that was 14% higher than 2011 ($380,827).
- The average price for homes sold in October 2013 ($532,000) was 28% higher than homes sold in October 2012 ($416,333).
- Homes sold 50% faster in 2013 over 2012, and 2012 sold 40% faster than 2011.