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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- FEBRUARY 2008

March 19, 2008 - Updated: April 5, 2008

Hello All;

 

Sorry for not providing this info sooner....I am still trying to get a grasp on all this tech lingo ie Blogging.  I promise to be more prompt in providing market statistics as soon as it becomes available.

 

In any event.....

 

Although February was a cold and snowy month , it was warm on the resale market in Vaughan.  There were 160 sales in the month of February, almost a similar total to the number of sales in Feb'07 (165).  

However, the average selling price rose approximately 14 % over the same month last year.  In February, the average selling price was $471,765 and the average number of days on market for these homes was only 27 days.  This is an indication that the market still remains strong considering that we had many "snow days"

 

Finally, it was reported that the average list to sale price was 98%.  Once again, this shows that sellers are still getting very close to their asking price.

 

Other sales statistics are as follows:

      Type           Average Selling Price($)

 61 detached                 492,500 

 28 semi                       371,354

  11 condo apts             276,000

    1 link                       350,000

    7 condo town           319,786

   27 townhome            332,267

 

As always, I hope you find this informative and useful.  

 

Don't forget to post any comments .

 

Till next time....Stay well.

 

sm

 

 

   

   

                           

 

 

 

 


Tagged with: vaughan real estate prices of homes detached average price days on market number of sales
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