Aurora:
Average Sale Price: $530,483Avg. % of List: 102.11%
# of sales: 18
Avg. Day's on Market (DOM): 18
Richmond Hill:
Average Sale Price: $724,484Avg. % of List: 101.96%
# of sales: 68
Avg. Day's on Market (DOM): 11
As you can see, the markets to the South make Newmarket look affordable for most, which is why we are seeing many of the buyers coming from the south and driving up the prices.
I have said it before, and Ill say it again, I do not forsee a dramatic crash in the market, simply due to the population growth and the demand for housing. Restrictions, such as Oak Ridges Moraine and the Ontario Greenbelt has meant that Urban Sprawl is coming to an end and intensification and infill development is the next move.
* All data from the Toronto Real estate Board
This blog is very informative and enlighten, Really great and impressive post,Richmond Hill real estate providing readers with unbiased information on the Richmond Hill real estate market.I really search this type of topic and really appreciate it. Thanks for sharing.
ReplyDeleteYou have described very well the Richmond Hill Real Estate market.Really great and impressive post, I really search this type of topic and really appreciate this information. Thanks for posting this blog.
ReplyDelete