Dear Vaughan citizens and everybody who is thinking to move to this great city above Toronto!
I prepared this report for you to have an idea about housing market trends and help you to make an informed decision about whether it is the right time to buy or sell your home. All numbers based on sold prices published by Toronto Regional Realestate Board MLS for the last 3 months.
The month of January continued to set new price records in all low-rise segments of the Real Estate market in the city of Vaughan. All freehold types of properties added close to 10% to their value. Bidding wars over every property and skyrocket price growths brings more Buyers and Investors to the Market. If you are thinking of selling your home, do not wait. Take advantage of this overheated market!
Year over Year numbers is 18-25% up compared to January 2021.
Please see the details below.
Detached houses
In the month of December average sold prices of 4 bedrooms detached homes went up by +8.71% compared to November 2020 but in January went up another +8.5% just in one month! The number of sold units is consistently going down reflecting tightening market conditions.
Year over Year Price Increase is +16%.
The average sold price of 3 bedrooms detached houses was up by +8.5% compared to December.
The number of sold units is slightly down compared to December 2020.
Year over Year Price Increase +23%.
Semi-detached houses
Prices of 4-bedroom semi-detached houses setting a record in one month price increase! Prices went up by +18% compared to December 2020.
The Number of sales is consistently decreasing over the last 3 months.
Year over Year Price Increase +25%
3-bedroom semi-detached homes price braked all-time price record and went +8.2% up in January 2021 compared to December 2020.
The number of units sold +20% more compared to December 2020.
Year over Year Price Increase +18%
Townhouses
4-bedroom townhouses price continues to grow 3rd month in a row. +10% price increase in January 2021 compared to December prices.
The number of sales dropped by -50%.
Year over Year Price Increase +16.5%
The average price of 3-bedroom townhouses was +2.86% up in December, and additional +7.3% in January!
The number of units sold in January resumed to November numbers.
Year over Year Price Increase +12.5%
Condo Apartments
1-bedroom condo apartments price in up by +5% compared to December 2020.
The number of units sold in January is up by +15% compared to December 2020.
Year over Year Price Increase +5%
2-bedroom apartments average price jump up to November level.
The number of units sold is +30% up compared to December 2020.
Year over Year Price Increase +4%
Thank you for reading this report. I will be happy to provide you with a detailed report for your community and property type.
Please do not hesitate to reach me over my phone, text, or email.
Olga Timofeeva: Sales Representative
Buying and Selling Specialist
International Realty Firm, Inc.
c: 647.393.9000
o: 647.313.3400