Real Estate Weblog

The luxury market in the southern part of York Region * dynamism showed in the second quarter of 2009. A total of 284 separate houses sold for $ 750,000 or more, compared with only 20 units in the same period in 2008. Two houses broke the $ 4 million sales price barrier this quarter – U.S. $ 4.2 million in the King household, and $ 4 million homes in Vaughan. The following report presents an overview of the properties listed on or sold for $ 750,000 or more during the second quarter of 2009.

Aurora

The Aurora area which currently has 71 properties for sale in the $ 750,000 + price range. In the second quarter of 2009, 19 luxury properties for sale, compared to 16 in the same period in 2008. Days on market increased to 56 days, up to 20 days in 2008. The median selling price was $ 1.15 million, with the top sale in this community for the quarter at $ 2.095 million.

King

In the second quarter of 2009, 34 properties sold for $ 750,000 or more, almost double the volume during the same period in 2008. The median sales price was $ 926,300 – a reduction of five percent over the same quarter of 2008. Trading days was reduced from 50 to 41. The highest sale for the community was $ 4.2 million, compared with $ 3.75 million in 2008. There are currently 101 high-level houses for sale, with the highest price at $ 4.85 million.

Newmarket

Newmarket experienced a slight increase in the average selling price in the second quarter of 2009 of $ 811,500 in 2008 to a maximum of $ 830,000 in 2009. The top sale in the second quarter of 2009 was $ 925,000 Newmarket. Eight are in luxury properties currently on the market with the highest list price of $ 915,000.

Richmond Hill

In the second quarter of 2009, 92 properties sold, 19.3% of 114 sales in the second quarter of 2008. The median sales price was $ 887,000, and the properties were in the market for 31 days. The top sale in Richmond Hill in the quarter was $ 3.5 million, compared with a major sale of $ 2.45 million in the same period in 2008. The high price of insurance is now $ 3,999 million.

Thornhill

Thirty-six properties sold in Thornhill, with the biggest sales reaching $ 1.9 million. Sales volume declined slightly, from 41 units in 2008 to 36 in 2009. The median sales price was $ 960,000, 8.5% in 2008. Eighty-eight properties for a price of $ 750,000 and above are now available for sale. The highest price listed in Thornhill – and for the entire study area – is a farm of origin in $ 9.38 million.

Unionville / Markham

Fifty properties sold in Unionville and Markham, as sales reached $ 1.44 million. Sales volume increased slightly, from 47 units in 2008 to 50 in 2009, it was market day – from 27 days in 2008 to 29 days in 2009. The median sales price was $ 845,000, equal to 2008. Seventy-five properties priced at $ 750,000 and above are now available for sale. The list of higher prices in the area is $ 2.899 million.

Vaughan

Vaughan, including Woodbridge and Kleinburg, 93 top-level properties for sale. In the second quarter of 2009, 31 units sold, nearly 30% of the 44 sales achieved in the second quarter of 2008. The median sales price decreased from $ 900,000 to $ 850,000 in 2008. However, the sale was over in 4.0 billion dollars – nearly double the sales over $ 2.18 million in the second quarter of 2008. The list currently up for sale is $ 4.78 million. Day’s market remains relatively stable from 24 days in 2008 to 25 days in 2009.

Whitchurch-Stouffville

Whitchurch-Stouffville area has 103 properties for sale in the $ 750,000 + price range. Sales volume increased from 15 sales in the second quarter of 2008 to 19 in 2009. The median selling price in this area was $ 1.01 million, with sales exceeding $ 1.550 billion. This represents an increase of 6.3% in the median sales price. The list is higher than currently offers a $ 4.25 million. The median number of trading days was reduced to 39 days from 47 days.

Related posts:

1. Region’s real estate sales down, prices up in December
2. How is our local real estate market compared to other regions?
3. The average home price in Montréal should experience a slight rise in the first quarter of 2010
4. Victoria area real estate sales up 24 per cent over last year
5. Tehachapi real estate seeks equilibrium