York Region - 2020 to 2024 Trends
This blog highlight trends in the real estate market over the five-year period
Condo Market
The graph illustrates the average condo market sold prices across various municipalities in York Region from 2020 to 2024. It highlights trends in the real estate market over the five-year period, showcasing both growth and fluctuations. Municipalities such as Vaughan, Markham, and Whitchurch-Stouffville consistently show higher average prices, with Whitchurch-Stouffville peaking in 2023 at over $800,000. Notably, most municipalities experienced significant price growth from 2020 to 2022, followed by varied trends in 2023 and 2024, reflecting shifts in the market dynamics. This visualization serves as a valuable tool for analyzing condo market trends and comparing affordability across different areas.
The graph shows the number of condo listings sold in selected municipalities of York Region from 2020 to 2024. Vaughan consistently leads with the highest number of listings sold, showing a steady increase and reaching 1,920 units in 2024. Markham and Richmond Hill follow, though their trends depict fluctuations over the years, with slight declines in some periods. Smaller municipalities like Aurora, Newmarket, Whitchurch-Stouffville, and King demonstrate lower volumes, with relatively stable or slight growth in 2024. This chart provides insights into the sales dynamics of condo listings across these municipalities.
Detached Homes
The second graph displays the average sold prices of detached houses in the same period. King consistently holds the highest average prices, peaking in 2022 at over $2.3 million. Other municipalities, such as Richmond Hill and Markham, follow similar upward trends in average prices, while Georgina remains the most affordable area, with its prices peaking in 2022 and showing slight declines afterward. These visualizations highlight the contrasting trends in sales volume and pricing across municipalities.
The first graph illustrates the number of detached house listings sold in York Region municipalities from 2020 to 2024. Vaughan and Markham consistently lead in sales volume, though both show significant drops in 2021-2 before stabilizing or slightly recovering in 2024. Smaller municipalities such as King and East Gwillimbury demonstrate relatively lower volumes but exhibit steady or modest growth trends.
Semi Detached Homes
The second graph illustrates the average sold prices of semi-detached houses in the same municipalities during the same period. Richmond Hill consistently shows the highest average prices, peaking in 2023 at over $1.3 million, followed closely by Markham. On the other hand, Newmarket and Aurora have more moderate price trends, with steady increases until 2022 and slight fluctuations thereafter. These graphs highlight trends in market activity and pricing, showcasing variations across the municipalities.
The first graph displays the number of semi-detached house listings sold across six municipalities in York Region from 2020 to 2024. Vaughan and Markham consistently report the highest number of listings sold, with a peak in 2021 followed by a notable decline in subsequent years. Smaller municipalities like Whitchurch-Stouffville and Aurora show consistently lower volumes but maintain relatively stable sales numbers over time.
