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SAM V MERCURI
Broker

Royal LePage Maximum Realty, Brokerage
Independently owned and operated

7694 Islington Ave., Second Floor, Vaughan, Ontario L4L 1W3
Phone: 416-324-2626  Fax: 905-265-3051

Vaughan, Ontario- Real Estate Market Watch- June 2010

July 17, 2010 - Updated: July 17, 2010

The Real Estate Market is more balanced now that it was earlier in the year.

"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston. "The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates."


The average price for June transactions was $548,589 – up fourteen per cent compared to the average of $468,223 recorded for June 2009.

"With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of average price growth in the second half of 2010 will be in the single digits."

Other sales statistics are as follows:

TYPE      NUMBER OF SALES    AVERAGE SELLING PRICE ($) 

DET                      129                                   642,791        

SEMI                      35                                   419,143

CONDO APT         12                                  280,492

LINK                         1                                  450,000

CONDO T.H.            2                                  316,500

T.H.                          23                                  381,565

 

Please share your views and comments.

 

Till next time...STAY WELL !!

 

sm


Tagged with: woodbridge housing prices number of sales in vaughan maple housing prices days on market average prices in vaughan total detached homes sold in vaughan
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