See a current overview of the housing market with with Zolo's Bay Ridges real estate market trends. If you're wondering about your neighbourhood's average house price, housing inventory, or how long it takes to sell a home, all this has now been broken down for you. Our home price data is always updated. This report covers sales history between August 12 - October 07 and compares it against the same period last year. These real estate statistics are accompanied by rankings of all neighbourhoods in the Pickering area based on home sold price, price growth, days on market, and turnover. This way, not only do you get a comprehensive glimpse of the Bay Ridges housing market, but you also get to see how it compares to other neighbourhoods. All this data is intended to give you a thorough understanding of both the local Bay Ridges and the Pickering area, so that in the end, you'll be able to make a well-informed decision about where you'd like to live. To see the difference between this neighbourhood and the city of Pickering, take a look at Pickering's trends page. Enhance your real estate research by combining Zolo's market report with other MLS stats, such as the MLS Home Price Index.
Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.
A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.
Data is reported in 4 or 8 week periods.
28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.
Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."
