The average price of Scarborough housing increased in Feb 2024

The average price of Scarborough housing increased in Feb 2024

The average price of Scarborough housing increased in Feb 2024

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The average price of Scarborough housing increased in Feb 2024!

Freehold Attached Market

The freehold attached houses' average price, including townhouses and semi-detached houses, was up 1.1% from the previous month, up 4.6% from the same month last year. The average time to sell this type of home is around 22.4 Days. The current month of inventory of Attached houses in Scarborough is about 1.1. Therefore, this segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was up 13.0% from the previous month, up 3.0% from the same month last year. Approximately 81.6% 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 $1.3M. The current month of inventory of detached dwellings in Scarborough is around 1.17. The new listings were up 54.9% from the previous month, and up 19.5% from the same month last year.

Condo Market

The condo market is a Seller's Market. It takes an average of 29 days to sell a condo unit in Scarborough. The average price was up 5.6% from the previous month, up 5.0% from the same month last year. The new listings were up 29.4% from the previous month, and up 21.0% 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.