Vaughan Freehold Market Report - Apr 30 21

Vaughan Freehold Market Report - Apr 30 21

Vaughan Freehold Market Report - Apr 30 21

In Apr 2021, Vaughan'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 down 3.0% from the previous month, up 25.2% from the same month last year, when is also the first lockdown during pandemic. The average time to sell this type of home is around 8.8 Days. The current month of inventory of Attached houses in Vaughan is about 1. Therefore, this segment of housing is currently in a Strong Seller's Market.

The average price of detached houses was unchanged v.s. last month, up 28.8% from the same month last year. Approximately 66.6% of total freehold units sold in Vaughan last month are Detached houses. If you plan to buy a detached home in Vaughan, you will need to spend an average of $1.7M. The current month of inventory of detached dwellings in Vaughan is around 1.3. Both new listing and sold listings were off from the peak of previous month. The new listings are down 8%, while sold listings are down by 15%. In Summary, the demand is still vital for the right houses, but the market is slower as buyers have more options.

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