Markham Freehold Market Report - Sep 2020
In Sep 2020, the freehold housing market of Markham remains as a strong seller's markets in the Great Toronto Area.
The average price of the freehold town, Semi and link houses is up 3.7% from the previous month, now $980K. The number of sold units decreases by 1% while new listings increases by 17%. And the average price for this type of house rises by 12% over the same period last year.
The average price of detached was lower by around 3.8% in Sep 2020. Approximately 57% of total freehold units sold in Markham last month are Detached houses. Now if you plan to buy a detached house in Markham, you will need to spend on average $1.43M. In traditional months of autumns, the market will become slower as both new listings and sales will drop in the following months. But this year the demand will continue strengthening the price of this type of homes in Markham because buyers choose to purchase freehold houses in the suburban area instead of a condominium in the downtown core due to 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 647-877-9311.
- 183 Willowdale Ave
Toronto, ON, M2N 4Y9, Canada - 647-877-9311
- alan@mycanadahome.ca
- www.mycanadahome.com