Aurora Ontario Real Estate

Market Trends

Market Trends

Previous GTA (Greater Toronto Area) market peak: February, 1989

GTA market bottom: 1993 (The 'Average Price' in Aurora was down 28.7% from 1989 peak.)

Market recovery, from 1993 to December 2009: 79.8% improvement

Aurora 'Average Price' December 2009 compared to February 1989: +28.1%. The average Aurora house price reached, and passed, the previous peak price established in 1989 during the year 2004 (15 years later).

Aurora Price Changes - 1989 to 2009

Year	Yearly Average Price	Yearly Median Price	Annual Change in Average Price	% Change from 1989
1989	$346,228	$285,000
1990	$291,338	$260,250	-15.9%	-15.9%
1991	$271,154	$242,000	-6.9%	-21.7%
1992	$248,590	$226,000	-8.3%	-28.2%
1993	$246,689	$225,000	-0.8%	-28.7%
1994	$254,480	$227,000	+3.2%	-26.5%
1995	$250,122	$223,000	-1.7%	-27.8%
1996	$248,788	$216,000	-0.5%	-28.1%
1997	$260,273	$233,000	+4.6%	-24.8%
1998	$256,322	$230,500	-1.5%	-26.0%
1999	$269,785	$232,000	+5.3%	-22.1%
2000	$281,160	$242,900	+4.2%	-18.8%
2001	$280,170	$240,000	-0.4%	-19.1%
2002	$307,615	$259,900	+17.0%	-11.2%
2003	$332,749	$276,000	+8.2%	-3.9%
2004	$359,106	$299,950	+7.9%	+3.7%
2005	$384,716	$326,000	+7.1%	+8.7%
2006	$412,551	$344,500	+7.2%	+19.1%
2007	$412,758	$350,000	+0%	+19.2%
2008	$430,994	$370,500	+4.4%	+24.5%
2009	$443,635	$368,500	+2.9%	+28.1%

Area Market Summaries - 2008/2009

Community	Year	Properties Sold	% Change	Average Price	% Change	Median Price	% Change
Aurora	09	916	+28.3%	$443,635	+2.9%	$368,500	-0.5%
	08	714		$430,994		$370,500
Bradford	09	428	+25.9%	$277,969	+8.5%	$297,750	+2.7%
	08	340		$256,126		$290,000
East Gwillimbury	09	262	+22.4%	$373,656	+8.2%	$343,750	-0.5%
	08	214		$345,362		$362,000
Innisfil	09	369	-2.6%	$251,414	+12.7%	$253,500	+3.5%
	08	379		$222,995		$245,000
King	09	217	+29.9%	$575,473	+9.5%	$555,000	-0.9%
	08	167		$525,345		$560,000
Markham /Unionville	09	2932	+41.8%	$396,997	+4.3%	$420,000	+4.2%
	08	2067		$380,734		$403,000
Newmarket	09	1360	+19.2%	$314,010	+7.7%	$326,000	+1.9%
	08	1141		$291,583		$320,000
Oak Ridges	09	883	+45.0%	$430,354	+6.8%	$468,500	-0.3%
	08	609		$403,083		$470,000
Stouffville (N12)	09	408	+35.6%	$430,058	+5.6%	$384,250	+1.5%
	08	301		$407,341		$378,500
Stouffville (N13)	09	133	+44.6%	$540,757	-2.9%	$530,000	+1.9%
	08	92		$556,919		$520,000

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