Vaughan Houses 2016 2nd Quarter Report 

Including: Kleinburg, Sonoma, Elder Mills, Islington Woods, East & West Woodbridge, Vaughan Grove, Velore Village, Maple, Concord, Glen hiels, Patterson, Beverley Glen, Brownridge, Lakeview Estates, Aurora Hills, Highland, Uplands and Crestwood Springfarm & Yorkhill

Vaughan Real Estate   2016     2015   Difference
House Sales   1,669     1,580   + 6%
Homes Average Price   $942,179     $811,131   + 16%
New Listings   2,283     2,314   - 1%
Active Listings   526     688   -24%
% of Final Sales Price to Listing Price   104%     100%   + 4%
Days on Market   14     17   - 18%

 

  Sales Average Price Detached New Listings Actual Listings Days on Market % Sold Price vs. Listing Price
Kleinburg 42 $1,569,987 83 36 25 99%
Sonoma Heights 58 $853,834 70 13 9 104%
Elder Mills 8 $947,988 18 5 9 108%
Islington Woods 35 $1,045,1482 68 24 35 102%
West Woodbridge  96  $691,701  146 43  22  102%
Vaughan Grove  19  $544,489  31 11  22   99% 
Vellore Village  272  $934,602  331 47  10  104%
East Woodbridge  84  $1,126,113  116 39 14 102%
Maple  262  $746,619  316 64  14  105% 
Concord  5  $890,800  7 3  9   103% 
Glen Shields 23  $722,886  28 4   6  110% 
Patterson 330   $1,174,778  457  74  9  105%
Beverley Glen 102   $657,236   143 45 25 101% 
Bownridge 101   $864,569  135 25 13 108% 
Uplands 29   $597,309  39  10  14 105% 
Lakeridge 33   $1,819,600   52 13 14 100% 
Yorkhill/Springfarm  135   $782,212  196 56 18 103% 

 vaughan real estate 2nd quarter 2015

 

Sales in Vaughan for the 2nd quarter of 2016 continue to be very strong. Sales and prices continued to increase over the same period of last year. Inventory slowed this quarter especially the active listings at the end of the 2nd quarter.

The sales in Vaughan grew by 6% over the same period last year. More than 1,660 houses sold. Prices grew 16% over last year to close to $950,000 average. Though we would like to see inventory increase faster the new listings entering the market was down by 1% over last year, though houses sold so we saw a 24% decline in actual listings on the market at the end of the quarter. Sellers were getting 104% of their asking price and most homes sold in less than 3 weeks.

What I found interesting is the numbers were very consistent with each nighbourhood in prices and sales. It did not matter whether you were looking at a luxury home in Kleinburg or Thornhill's Uplands or a smaller place in Vaughan Grove the sales price and sales were consistent increases throughout the area. What we did see is that sellers were getting more from their asking price up 4% to 104%.

Overall it was a very strong quarter for Vaughan and we only see positive signs in the near future. One thing is very certain is if you are debating on selling your home in the near future get it on the market now as we have no clue as to how long the interest rates will remain low. As we see interest rates rise their is a high probability that we will see the possibly of lower value to homes.

 

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