Vaughan Ontario
Time taken to sell a property
Vaughan housing market is a well-established market of Canada. Sellers of this region must be very active and professional as they manage to sell their properties only in a fortnight. Though this time is not fixed, it can vary according to weather and other environmental issues. However, it doesn’t take too long to sell property in this city.
Average prices for condos/townhomes/homes
The median listing price of this city for various kinds of houses is approximately $1,499,249. This price is almost 28% higher than the price of houses in the previous year. The listing price of Vaughan shows that the average price of a house is approximately $1,738,627, the price for a townhouse is $716,532 and that for a condo is almost $673,015. This city also provides a number of options for renters with 954 lists of active rentals with a minimum price of $2,900.
Are sellers getting close to asking price or over asking price?
The most important point of any market is its prize demanded by sellers. Mostly, sellers demand prices which are almost same to asking price. When a seller demand more or less price than the asking price, he is not able to get the maximum number of buyers. Buyers are attracted to economic property with more amenities. So, if a seller is offering price just like asking price, he can sell his property earlier. This is the behavior adopted by most of the sellers of Vaughan Ontario.
Number of days and offers required to sell property
As it is stated that it doesn’t take too long to sell your property in this city. So, the seller can sale his property only within a few days. Vaughan housing market depicts that the average time for a house in the housing market of this city is only 14 days. In short, sellers can sell their property only within two weeks. A seller can get the attraction of maximum number of buyers by providing multiple offers. Some sellers provide only a single offer but chances of selling of property enhance by increasing offers.
Growth of real estate market
A number of properties are present in this city whenever investors look for real estate. This city comprises of almost 714 houses, 224 condos and 22 townhouses available for sale. 323 new listings have been observed in this city in last few days. Such an increase in the number of listings demonstrates that the real estate housing market of Vaughan Ontario is growing sharply. The average sold price of houses in this city is exactly one million dollars. There is only 3.6% change in price of houses in a month. However, the annual change of price is increased up to 6.5%.
Active preconstruction developments
Many preconstruction developments are active in Vaughan Ontario. Due to active preconstruction developers, this city is considered as metropolitan center of Canada. A number of premium buildup projects are on sale. Most famous preconstruction developers of this city are Greenpark, Pemberton Group, Cortel group and Primont houses. These developers are providing condos at the price of more than $400,000.
