Proof that the Market is still on fire... Another multiple-offer evening for the sale of 72 Longwater Chase in Unionville, with a spectacular $277,000 over asking price! Congratulations!
The numbers are in, and are again strong -- February home sales were up 16% (as compared to 2010) for the Greater Toronto Area. Some highlights from last months numbers:
- York Region's average resale price was $584,973 (GTA average is %502,508)
- Markham had 338 sales, Richmond Hill 263, Vaughan 351
- 60% of sales in February were fully-detached homes
- Average sale price of a semi-detach in Markham grew to $452,000
With low interest rates being maintained, we would expect the market to continue on the same trajectory for the near future - expect near-term prices to climb slightly in the Markham, Unionville and Stouffville areas.