Markham Residential Resale Market Statistics Q1 2014

According to the Toronto Real Estate Board, in the 1st quarter for 2014, Markham record a total 921 residential sales, with an average price of $679,440. The average sale price to listing price ratio was 100%. The average time it takes to sell a property was 23 days.

How does these results compare to 2013?

The average price increase a whopping 13.7%!



Average Price

Average % Sale/ Listing  Price

Average Days on Market

Q1 2013





Q1 2014





 Which Markham neighborhood has the most number of sales?

Unionville, which recorded 132 residential transactions in Q1, 2014.


Which Markham neighborhood is the most expensive in Markham?

Devil’s Elbow, which average price was $1,772,000 in Q1 2014!


Which Markham neighborhood’s average prices increase the most?

Thornhill. In Q1 2014 the average sale price is $917,529 while the average sales prices recorded in Q1 2013 was $564,645, a 62% increase! However, if you break down the sales into different categories, you will notice that prices of detached homes might have increased by about 30%, while the number of transactions for condo townhouses and apartments decreased.


Which Markham neighborhood is fastest selling?

Rouge Fairways, which homes get sold in an average of 4 days, in 2014. Note that this is a much smaller and very few transactions.

The above are part of the MLS data published by the Toronto Real Estate Board which I think would be interesting for Markham residents and homebuyers who are planning to move to the area.

If you want to know in detail how your neighborhood market is performing and have real estate questions about any Markham neighborhood, don’t hesitate to connect with me via the email, phone, or social media!


Janis Tsang

Janis Tsang

Sales Representative
CENTURY 21 Atria Realty Inc., Brokerage*
Contact Me