Markham Residential Resale Market Statistics Q2 2014

Markham Residential Resale Market Statistics, Q2 2014

According to the Toronto Real Estate Board, in the 2nd quarter of 2014, Markham record a total 1569 residential sales, with an average price of $711,436. The average sale price to listing price ratio was 101%. The average time it takes to sell a property was 17 days.

How does these results compare to 2013?

The average price increase a whopping 11.3%!

 

Sales

Average Price

Average % Sale/ Listing  Price

Average Days on Market

Q2 2013

1525

$639,419

99%

21

Q2 2014

1569

$711,436

101%

17

 Which Markham neighborhood has the most number of sales?

Unionville, which recorded 191 residential transactions in Q2, 2014.

 

Which Markham neighborhood is the most expensive in Markham?

Devil’s Elbow, which average price was $2,509,543 in Q1 2014!

Which Markham neighborhood’s average prices increase the most, comparing Q2 2014 to Q2 2013?

Vinegar Hill, which is a community in Markham, Ontario, Canada bounded by Highway 7 to the north, Highway 407 to the south, and streets just west and east of Main Street South, bordered by the Rouge River. It is a very small community with 3 transactions in Q2 2014 and 5 transactions in Q2 2013, making the comparison of average home prices insignificant.

Victoria Square is the Markham community with the 2nd most increase in average prices, comparing Q2 2014 to 2 2013. The average prices were $701,767 in 2013 and $989,823 in 2014. If you compare the average selling prices of detached homes, the increase may not be 41% but still a solid 33%!

 Victoria Square Treb Market Statistics in Q2 2014

Victoria Square Treb Market Statistics in Q2 2013

Which Markham neighborhood is fastest selling?

Rouge Fairways and Milliken Mills West, both community with an average DOM of 8 days, were the fastest selling communities in Markham.

If you want to know in detail the market is performing in your community or if you like to know more 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

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