Vaughan Housing market continues being very strong in July 2021

Vaughan Housing market continues being very strong in July 2021

Vaughan Housing market continues being very strong in July 2021

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Vaughan Housing market continues being very strong through June 2021

Freehold Attached Market

The average price of freehold attached houses, including town, semi, and link houses, was up 2.7% from the previous month, up 16.5% from the same month last year. The average time to sell this type of home is around 12.5 Days. The current month of inventory of Attached houses in Vaughan is about 0.6. This segment of housing is currently in a Strong Seller's Market.

Freehold Detached Market

The average price of detached houses was down 5.5% from the previous month, up 17.0% from the same month last year. Approximately 66.3% 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 $1.6M. The current month of inventory of detached dwellings in Vaughan is around 1.48. Both new listings and sold listing dropped rapidly, with sold listings down 22% and new listing down 31%.

Condo Market

The average price of the condo was down 3% compared June, but up 5% v.s. July last year. The sold listing dropped by 36%. Demand to rent units between 600sqf-799sqf is very strong, but the average rental price was flat since last year.

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.