The market in Vaughan remained brisk in March but well off levels from the same month in the previous year.
There were 169 sales in the month of March, down 14 % from the number of sales in March 2007. It is important to note that we did have one of worst winters in decades and despite that, still a significant number of homes changed hands.
The average selling price was $453,041 which was up slightly from 2007 prices (March). The number of days on market was 28 days and the average list to sell price was 98 %.
I beleive that Canadian Economy is still holding strong. We have robust immigration levels, high employment and wages are strong. As well, interest rates remain low and there is a wide variety of mortgage products to choose from.
Other sales statistics are as follows:
Type AVERAGE SELLING PRICE($)
Det 98 527,335
Semi 30 380,707
Condo Apt 10 274,800
Link 1 341,000
Condo T.H. 2 290,500
T.H. 28 349,780
As always, I encourage you to offer your views and comments
Till next time....stay well !