Richmond Hill Freehold Market Report - Apr 30 21

Richmond Hill Freehold Market Report - Apr 30 21

Richmond Hill Freehold Market Report - Apr 30 21

In Apr 30 21, Richmond Hill freehold housing market remains a strong seller's market in the Great Toronto Area.

The freehold attached houses' average price, including town, semi, and link houses, was down 1.8% from the previous month, up 23.7% from the same month last year, when is also the first lockdown during pandemic. The average time to sell this type of home is around 10.2 Days. The current month of inventory of Attached houses in Richmond Hill is about 1. Therefore, this segment of housing is currently in a Strong Seller's Market.

The average price of detached houses was unchanged v.s. last month, up 28.8% from the same month last year. Approximately 62.2% 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 $1.8M. The current month of inventory of detached dwellings in Richmond Hill is around 2.08. Sold listings drop faster than new listings. The new listings are down 5.0% from the previous month, but the sold listings are down 26%, implying price will trend lower for the detached houses in the coming months.

If you plan to move to Vaughan 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.