Markham Semi and Town Home prices hit the record high in Aug 2021!

Markham Semi and Town Home prices hit the record high in Aug 2021!

Markham Semi and Town Home prices hit the record high in Aug 2021!

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Markham Semi and Town Home prices hit the record high in Aug 2021!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, reached another record high, up 3.4% from the previous month, up 25.2% from the same month previous year. The average time to sell this type of home is around 8.8 Days. The current month of inventory of Attached houses in Markham is about 0.7. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was down 1.8% from the previous month, up 19.4% from the same month last year. Approximately 60.2% of total freehold units sold in Markham last month are Detached houses. If you plan to buy a detached home in Markham, you will need to spend an average of $1.7M. The current month of inventory of detached dwellings in Markham is around 1.34. Both sold listings and new listings were down by around 20% in Aug.

Condo Market

The average price of the condo was up 4% compared July, and up 17% v.s. last Aug. Both sold listings and new listings were down by around 14% in Aug.

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.