Richmond Hill Freehold Market Report - July 2020

Richmond Hill Freehold Market Report - July 2020

Richmond Hill Freehold Market Report - July 2020

In July 2020, the average price sold in Richmond Hill declined by 5%. The overall market slows a bit but remains as the seller’s market.

The average price for four bedrooms double detached has not changed over the past month. If you plan to buy this model in the Richmond Hill, you will need to spend on average, around 1.5 million dollars.

Sold units across Richmond Hill were up by 50% for the more affordable three bedrooms single-detached houses. With little change in the new supplies added, the average pricing of this type house increased by 9% to $1.15M. Many buyers are bidding on Town and Semi-Detached dwellings with three bedrooms and 1 Garage. One of my friends is selling his semi-detached Bungalow in the Crosby community, attracting over 30 families within the first week. The property address is

218 Ashlar Rd, Richmond Hill

The average price of this type of house decreased by 8% month on month. But given no changes on the new listings and sold listings were up by 22%, we estimate the average price will increase in the coming months.

 

Nevertheless, we estimate overall average prices will remain the same or declines slightly in Richmond Hill in the following month as there are 16% more new listings added, contrasting the 13% more sold listings from the previous month.

If you plan to Sell or Buy the properties in Richmond Hill or learn more about real estate investment opportunities, please contact Alan Zheng 647-877-9311.