Richmond Hill Residential Market Statistics Q2 2014

Richmond Hill Treb Map

According to the Toronto Real Estate Board, in the 2nd quarter for 2014, Richmond Hill record a total 1151 residential sales, with an average price of $761,373. The average sale price to listing price ratio was 100%. The average time it takes to sell a property was 18 days.

How does these results compare to Q2 2013?

The average price increase 11.37% in Q2 2014, compare to Q2 2013.

 

Sales

Average Price

Average % Sale/ Listing  Price

Average Days on Market

Q2 2013

1003

$683,643

98%

23

Q2 2014

1151

$761,373

100%

18

Which neighborhood has the strongest sales? (The largest number of transactions)

There were 137 sales in the Oak Ridges community in the 2nd Quarter of 2014.

Which Richmond Hill community is the most expensive?

According to Toronto Real Estate Board Richmond Hill Community Report, Rural Richmond Hill” area had the highest average price among the 5 sales that occurred in Q2 2014, at $2,552,400. The most expensive Richmond Hill subdivision is Bayview Hill, with an average sale price of $1,703,575 in Q2 2014.

Which community was fastest selling?

The Rouge Woods subdivision recorded an average Days-on-Market of 11 days, the lowest among all communities in Richmond Hill. 

Which Richmond Hill community’s prices increased the most compare to Q2 last year?

Doncrest. In Q2 2014 the average sale price is $901,683 while the average sale price recorded in Q2 2013 was $668,006, a 34.98% increase! If you compare the detached home prices between Q2 2014 and Q2 2013, the increase was 27.69%!

Number of Transactions and average/ median selling price in Doncrest, Q2 2014.

Number of Transactions and average/ median selling price in Doncrest, Q2 2013.

If you want to know in detail how your local real estate market is performing, 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*
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