York Region Condo Insights - November 2023

York, Ontario Real Estate Insights: November 2023

In the thriving real estate landscape of York, Ontario, November 2023 has revealed compelling trends within the condominium sector. Let's explore the key statistics and gain insights into the market dynamics that defined the month.

Average Sold Price Trends

  • November 2023: $663,500
  • Last Month (October 2023): $683,000
  • Two Months Ago (September 2023): $745,000
  • Twelve Months Ago (November 2022): $702,000

Insight: The condo market in York has experienced a modest decline in average sold prices from the previous month, presenting a potential opportunity for prospective buyers.

Number of Sold Listings

  • November 2023: 166
  • Last Month (October 2023): 225
  • Two Months Ago (September 2023): 207
  • Twelve Months Ago (November 2022): 209

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

Average Days on Market

  • November 2023: 26 days
  • Last Month (October 2023): 25 days
  • Two Months Ago (September 2023): 25 days
  • Twelve Months Ago (November 2022): 27 days

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

Average Sold at Percentage

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

Insight: Sellers continue to achieve strong returns, with the market remaining favorable for sellers.

New Listings on the Market

  • November 2023: 556

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 York, Ontario, it is evident that the condominium market is dynamic, presenting both challenges and opportunities. Keep a watchful eye on these trends to stay ahead in the ever-evolving world of real estate.

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