Markham Freehold Market Report - Dec 2020
In Dec 2020, Markham's freehold housing market remains a strong seller's market in the Great Toronto Area.
The freehold attached houses' average price, including town, semi, and link houses, was up 4.2% from the previous month, now $1M. The number of units sold declined by 34% due to fewer stocks in the winter months as new listings contracted by 46%. This segment of housing is currently in a very hot seller's market.
The average price of detached houses was little changed in Dec 2020. Approximately 58% of total freehold units sold in Markham last month are Detached houses. If you plan to buy a detached house in Markham, you will need to spend an average of $1.47M. As the market entered into the winter months, both new listings and sold listings drop. Given the new listings dropped by 37% but there are many market demands, the buyer does not have options when the bidding war happens in almost every house. We anticipate a heated market continuing in the coming months.
If you plan to move to Markham or you want to learn more about real estate investment opportunities in Markham, please contact Markham real estate agent Realtor Alan Zheng at 647-877-9311.
- 183 Willowdale Ave
Toronto, ON, M2N 4Y9, Canada - 647-877-9311
- alan@mycanadahome.ca
- www.mycanadahome.com