Scarborough average home price remained stable in Sep 2022

Scarborough average home price remained stable in Sep 2022

Scarborough average home price remained stable in Sep 2022

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Scarborough average home price remained stable in Sep 2022!

Freehold Attached Market

The freehold attached houses' average price, including town, semi, and link houses, was down 1.3% from the previous month, down 5.8% from the same month last year. The average time to sell this type of home is around 18.5 Days. The current month of inventory of Attached houses in Scarborough is about 0.9. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was unchanged v.s. last month, down 10.1% from the same month last year. Approximately 72.2% 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 $1.1M. The current month of inventory of detached dwellings in Scarborough is around 2.08. The new listings were unchanged v.s. last month, and down 28.0% from the same month last year.

Condo Market

The condo market is a Buyer's Market. It takes an average of 28 days to sell a condo unit in Scarborough. The average price was unchanged v.s. last month, up 4.3% from the same month last year. The new listings were down 13.8% from the previous month, and down 28.9% from the same month last year.

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