Vaughan Market Insights - November 2023

Vaughan Market Insights - November 2023
Vaughan, York, Ontario Real Estate Insights: November 2023

Overview of Condo Market Statistics

In the vibrant real estate landscape of Vaughan, York, Ontario, November 2023 has brought forth intriguing trends, particularly within the condominium sector. Let's delve into the key statistics and gain valuable insights into the market dynamics that shaped the month.

Average Sold Price Trends

  • November 2023: $627,500
  • Last Month (October 2023): $655,000
  • Two Months Ago (September 2023): $719,000
  • Twelve Months Ago (November 2022): $703,416.50

Insight: The condo market in Vaughan has experienced a noticeable decline in average sold prices, signaling a potential opportunity for savvy buyers in search of a good deal.

Number of Sold Listings

  • November 2023: 56
  • Last Month (October 2023): 88
  • Two Months Ago (September 2023): 64
  • Twelve Months Ago (November 2022): 56

Insight: The number of sold listings has decreased compared to the previous month, aligning with typical seasonal trends. However, the stability over the past year suggests a resilient market.

Average Days on Market

  • November 2023: 32 days
  • Last Month (October 2023): 26 days
  • Two Months Ago (September 2023): 26 days
  • Twelve Months Ago (November 2022): 32 days

Insight: The average days on the market have slightly increased from the previous month but remain consistent with the figures observed 12 months ago, indicating a steady pace in the real estate market.

Average Sold at Percentage

  • November 2023: 97%
  • Last Month (October 2023): 98%
  • Two Months Ago (September 2023): 98%
  • Twelve Months Ago (November 2022): 97%

Insight: Sellers continue to achieve strong returns, albeit with a slight decrease from the previous month. The market remains favorable for sellers.

New Listings on the Market

  • November 2023: 223

Insight: The significant influx of new listings in November provides potential buyers with a diverse range of condominium options, fostering a competitive market.

Conclusion

As we navigate the real estate landscape in Vaughan, York, Ontario, it is evident that the condominium market is in flux, presenting both challenges and opportunities. Keep a watchful eye on these trends to stay ahead in the ever-evolving world of real estate. Thank you

Harman Shahi

Harman Shahi

Hey there! 🌟 I'm a tech enthusiast who loves solving tricky business puzzles with innovation and digital know-how. Founder of Listo, where we're all about turning ideas into action! 🚀🔥
Toronto, Canada