Markham Freehold Market Report - Nov 2020
In Nov 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 1.4% from the previous month, now $970K. The number of units sold declined by 9% due to fewer stocks in the winter months as new listings contracted by 24%. This segment of housing is currently a very hot seller's market.
The average price of detached houses was down by around 2.5% in Nov 2020. Approximately 60% 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 $1.45M. As the market entered into the winter months, both new listings and sold listings drop. Given the new listings dropped by 45%, the detached housing market price will remain strong. With the news that the COV-19 vaccine will be starting to roll out in Canada early next year, and many pending immigrants will finally land in Toronto, we expect a robust market next spring.
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