Markham Freehold Market Report - Oct 2020
In Oct 2020, Markham's freehold housing market remains a strong seller's market in the Great Toronto Area.
The average price of the freehold town, Semi, and link houses is down 2.7% from the previous month. The number of units sold declined by 19%, while new listings contracted by 40%. The decreased supplies amid constant demands mean the market will face upward pressure in the winter months.
The average price of detached houses was up by around 4% in Oct 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 $1.49M. With the winter months coming, the market will become slower as new listings and sold listings will decrease in the following months. But the price will remain steady, given many buyers moving away from the downtown core to seek a more spacious and safer dwelling due to the COV-19 pandemic.
If you plan to move to Markham or you want to learn more about real estate investment opportunities in Markham, please contact Alan Zheng at 647-877-9311.
- 183 Willowdale Ave
Toronto, ON, M2N 4Y9, Canada - 647-877-9311
- alan@mycanadahome.ca
- www.mycanadahome.com