Richmond Hill Detached, Semi and Town Home prices hit the record high in Aug 2021!

Richmond Hill Detached, Semi and Town Home prices hit the record high in Aug 2021!

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Richmond Hill Detached, 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 4.9% from the previous month, up 27.2% from the same month last year. The average time to sell this type of home is around 13.3 Days. The current month of inventory of Attached houses in Richmond Hill is about 0.6. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses broke another record high, up 1.6% from the previous month, up 20.7% from the same month last year. Approximately 69.4% of total freehold units sold in Richmond Hill last month are Detached houses. If you plan to buy a detached home in Richmond Hill, you will need to spend an average of $1.86M. The current month of inventory of detached dwellings in Richmond Hill is around 1.93. Both sold listings and new listings dropped in Aug.

Condo Market

The average price of the condo was unchanged. Both sold listings and new listings were down by around 21% in Aug.

If you plan to move to Richmond Hill or you want to learn more about real estate investment opportunities in Richmond Hill, please contact Richmond Hill real estate agent Realtor Alan Zheng at 647-877-9311.