Richmond Hill Freehold Market Report - Feb 2021

Richmond Hill Freehold Market Report - Feb 2021

Richmond Hill Freehold Market Report - Feb 2021

In Feb 2021, Richmond Hill's 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 up almost 4% from the previous month, now $1.12M. The number of units sold up 60% while new listings up by 75%. The current month of inventory of Attached houses in Richmond Hill is around 0.7. This segment of housing is currently in a very hot seller's market.

The average price of detached houses was up 4% from the previous month. Approximately 68% of total freehold units sold in Richmond Hill last month are Detached houses. If you plan to buy a detached house in Richmond Hill, you will need to spend an average of $1.77M. The current month of inventory of detached dwellings in Richmond Hill is around 1.5. While sales are still robust, more new listings are coming to the market. The new listings are up 86% from previous months, easing upward price pressure in the following months.

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.