Richmond Hill Freehold Home prices hit another record high in Sep 2021

Richmond Hill Freehold Home prices hit another record high in Sep 2021

Richmond Hill Freehold Home prices hit another record high in Sep 2021

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Richmond Hill Freehold Home prices hit another record high in Sep 2021!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, was up 3.1% from the previous month, up 30.4% from the same month last year. The average time to sell this type of home is around 8.4 Days. The current month of inventory of Attached houses in Richmond Hill 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 up 2.3% from the previous month, up 26.4% from the same month last year. Approximately 70.1% 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 over $1.9M. The current month of inventory of detached dwellings in Richmond Hill is around 1.7. The new listings are up 33.3% from the previous month but down 21% v.s. Same month last year.

Condo Market

The average price of the condo was unchanged compared with August, but up 13% v.s. last Sep. The sold listing dropped by 13% while new listings increased by 33%.

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.