Scarborough Detached Home prices hit the record high in Aug 2021

Scarborough Detached Home prices hit the record high in Aug 2021

Scarborough Detached Home prices hit the record high in Aug 2021

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Scarborough Detached Home prices hit the record high in Aug 2021!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, was unchanged v.s. last month, up 15.6% from the same month last year. The average time to sell this type of home is around 11.9 Days. The current month of inventory of Attached houses in Scarborough 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 6.7% from the previous month, up 18.4% from the same month last year. Approximately 72.9% of total freehold units sold in Scarborough last month are Detached houses. If you plan to buy a detached home in Scarborough, you will need to spend an average of $1.22M. The current month of inventory of detached dwellings in Scarborough is around 0.79. Both sold listings and new listings were down by around 20% in Aug.

Condo Market

The average price of the condo was up 2% compared July, and up 15% v.s. last Aug. The sold listing was up by 2.7% while new listing was down 4.2%.

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