Aurora Houses 2015 2nd Quarter Report 
Including: Aurora Hills, Highland, Heights, Village, Wellington, Grove, Estates,
Rural and Bayview Northeast and Southeast

 
Aurora Real Estate 2015 2014 Difference
House Sales 423 330 + 28%
Homes Average Price $755,257 $663,294 + 14%
New Listings 557 476 + 17%
Active Listings 140 165 -15%
% of Final Sales Price to Listing Price 100% 99% + 1%
Days on Market 17 20 - 15%
 
Sales Average Price Detached New Listings Actual Listings Days on Market % Sold Price vs. Listing Price
Aurora Hills 19 $1,117,411 26 9 25 99%
Aurora Heights 41 $639,841 55 16 13 100%
Aurora Highland 93 $756,465 116 24 29 100%
Aurora Village 63 $640,756 85 31 30 99%
Aurora Wellington  74  $531,670  96 19  17  101%
Aurora Grove  31  $663,751  45  8  14   102% 
Aurora Estates  21  $1,254,324  33 16  31  98%
Aurora Rural  2  0  4 2 -  0%
Bayview North East  68  $773,882  89 12  9  102% 
Bayview South East  11  $1,909,635  8 3  29   100% 


Sales in Aurora for the 2nd quarter of 2015 were very strong. Sales and prices continued to increase over the same period of last year. Inventory continues to move along at the lower end and we are still seeing sellers get the value that they are looking for and homes are still moving quickly.

The sales in Aurora grew by 19% over the same period last year. More than 440 houses sold. Prices grew 14% over last year to over $755,000 average. Though we would like to see inventory increase faster the new listings entering the market was 17% higher than last year, though houses sold so we saw a 15% decline in actual listings on the market at the end of the quarter. Sellers were getting over 99% of their asking price and most homes sold in less than 3 weeks.

Overall it was a very strong quarter for Aurora and we only see positive signs in the near future. One thing is very certain is if you are debating on selling your home in the near future get it on the market now as we have no clue as to how long the interest rates will remain low. As we see interest rates rise their is a high probability that we will see the possibly of lower value to homes.
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