Richmond Hill Residential Market Statistics Q4 2015

Subdivision Homes in Oak Ridges

According to the Toronto Real Estate Board, in the 4th Quarter of 2015, Richmond Hill record a total 769 residential sales, with an average price of $907,921. The average sale price to listing price ratio was 99%. The average time it takes to sell a property was 24 days.

How does these results compare to Q4 2014?

The average price increase was about 15.9% comparing Q4 2015 to Q4 2014.



Average Price

Average % Sale/ Listing  Price

Average Days on Market

Q4 2015





Q4 2014





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

The Oak Ridges community reported the most number of transactions among the communities in Richmond Hill. Oak Ridges is in the Northwestern corner in Richmond Hill South of Bloomington and East of Bathurst with mostly subdivision home. There were 86 transactions and the average price of home was $898,147.

Which community was fastest selling?

With an average days on market of just 12 days (ie. It takes on average 12 days to sell a home in Rouge Woods), Rouge Woods is the fastest selling community in Richmond Hill, and it has been the fastest-selling community in Richmond Hill for some time.


Which community’s average prices increase the most from last year?

The South Richvale community had the most increase in average sale price from Q4 2014 to Q4 2015 with an increase of 37.7%. South Richvale is a community at the Northwest corner of Yonge and Hwy 7. The composition of this community is quite diverse, there is a newer condo building in this community, a few condo townhouse complexes, with the majority of homes are older single-detached subdivision homes with larger lots. The part of South Richvale adjacent to the Richmond Hill Golf Club consists of estate homes with acreage lots. After looking at the list of homes that were sold in Q4 2015, it is clear that the dramatic 37.7% increase in average sale price in this community is due to the higher number of estate homes are being sold compare to the year before. Out of the 21 detached homes sold in Q4 2015, 10 were estate homes sold for over $2 million.

If you want to know in detail how your neighborhood market is performing, don’t hesitate to connect with me via email, phone, or social media!

You might also want to read this post:

Richmond Hill Residential Market Statistics 1st Quarter 2016


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Janis Tsang

Janis Tsang

Sales Representative
CENTURY 21 Atria Realty Inc., Brokerage*
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